Happy New Year, AsiaDK, wish you a happy life
Thank you brother, I hope you have found your dream home in Aust with your love.
All the best to you in 2017!
Happy New Year, AsiaDK, wish you a happy life
Happy New Year, Asia DK, wish you a happy life
ShentonDK shared with me this news yesterday: https://www.ft.com/content/f5243188-bc55-11e6-8b45-b8b81dd5d080
China spent US$69billion to defend their cash outflow WITHIN A MONTH due to declining yuan against USD (Yuan did not really necessary against other exporting nations, eg. BRICS, Korea or Japan). NipponDK pointed out in our groupchat that probably the yuan decline can sustain some economic growth above 6% in China for 2017. The country created debt to sustain high GDP but the money made is transferred overseas, leaving china with an empty shell.
According to the article, China has about US$3 trillion of reserves and in the first 10 months of 2016, capital outflows from China rose to US$530bn. Assuming their monthly decline is about 1.5-3.0%, China will go bust when the reserves hit US$2 trillion which will likely be about 18 months later from now.
Actually it is more lamentable if there is nobody to ask you "Why I go drinking again".
Just came back from drinking with my good friends, AMDK, NipponDK and PunjabDK.
They shared with me about the latest ktv geopolitics; Jalan Besar Cambodian girls, Bugis PRCs, Beach Road Thai Discos, Selegie Viets, Orchard towers Filipinos... ...
Can you notice that coincidentally, these are the countries that tilted towards China recently. Yes, including the Vietnamese who were supposed to be against China, sent their leader to visit China lately. I need not explain more for the other countries.
AMDK has a plan, since all these chicks no longer love him. He can cripple them like 1997 as the chicks are already addicted to weak US Dollar and low interest rates in the past 9 years.
And this time, NipponDK is ready to back him up by engineering a joint appreciation with AMDK because he has given the chicks lots of Yen loans from ADB and faking a Yen depreciation lately.
My dear PunjabDK is also getting ready by forcing the underground cash back to the financial system through a massive demonetization of old 500 and 1000 Rupees for new notes. At least, Rupee is able to appreciate against the chicks when AMDK smashes his beer bottle on the ground.
That's all I heard from my DK gathering. So, I gotta go stock up more US Dollars before PunjabDK completes his cash swaps, otherwise I cannot be AsiaDK anymore.
Maybe I drank too much. Haha
only drink kopi this morning, with my ShentonDK. now going to office. I very sad that she don't understand that I go drinking to let go of myself briefly before going back to face the realities of life.
He warned me that a heavily indebted food company is preparing to submit unstated profits to IRAS so that they look very profitable, so that they can spin off and run road in 2017/18 IPO to capitalize on the success of Jumbo Seafood IPO in 2016. The company's actual accounts are bleeding badly, due to their unfocused strategy in different types of AMDK eateries and bakery.
https://www.bloomberg.com/news/arti...t-squeeze-is-back-as-yuan-rally-crushes-bears
“Another extraordinary day in China,” said Gareth Berry, a foreign-exchange and rates strategist at Macquarie Bank Ltd. in Singapore. “It looks like a classic case of a consensus trade blowing up at the start of a new year.”
The turbulence represents the latest twist in a battle between China bears -- who say slowing economic growth makes a devaluation inevitable -- and policy makers fearing a sudden drop will destabilize the financial system. Pessimists have mostly been on the right side of the trade since a one-time exchange rate adjustment in August 2015, but sudden bouts of strength have proven painful for short sellers who need to periodically roll over their bets.
You might want to try a wheat beer:pBeer tastes awful when you are sianzz - Pilsner
You might want to try a wheat beer:p
Had this last weekend over in KL. Not bad, ringgit 20 (S$7) for 3 cans at minimart...wheat beer Weissbier
Had this last weekend over in KL. Not bad, ringgit 20 (S$7) for 3 cans at minimart.
Don't think we got this range here in sinkieland.
Nothing beats fresh Hoogarden or Erdinger draft (not the bottle stuff though)
only drink kopi this morning, with my ShentonDK. now going to office. I very sad that she don't understand that I go drinking to let go of myself briefly before going back to face the realities of life.
He warned me that a heavily indebted food company is preparing to submit unstated profits to IRAS so that they look very profitable, so that they can spin off and run road in 2017/18 IPO to capitalize on the success of Jumbo Seafood IPO in 2016. The company's actual accounts are bleeding badly, due to their unfocused strategy in different types of AMDK eateries and bakery.