Stock Market Crash starts liao...

[k1976]

Chiobu on FX and Carry Trade Basis ABC

 

[oliverlee]

Without 2 to 2.5 yrs NS save alot of time liao. Somore younger jihu kia esp from kl their ang mo getting better liao. They gonna substitute and replace the sinkie. Their top msian degree is recognised to many mnc. Sinkie only hope huat toto.

those who are stuck are the mid lifers. Gen z and millennials are mobile, many are well qualified and don’t want to stake out in this fucked place anyway. The brain drain will intensify, leaving behind more Kopitiam unkers to bury themselves while foreigners take their place. Malaysian Chinese have always been well versed in the english language, the diaspora has been ongoing, and will continue now that many foreign universities have brought their brands of education there. Actually the entire SEA willl huat huat except Sinkie

 

[k1976]

those who are stuck are the mid lifers. Gen z and millennials are mobile, many are well qualified and don’t want to stake out in this fucked place anyway. The brain drain will intensify, leaving behind more Kopitiam unkers to bury themselves while foreigners take their place. Malaysian Chinese have always been well versed in the english language, the diaspora has been ongoing, and will continue now that many foreign universities have brought their brands of education there. Actually the entire SEA willl huat huat except Sinkie

Let see...things can be different
Situation is very fluid and unsettled

Positive Highlights
1. SG signing 123Agreement with US is a good step forward.

2. GIC to invest 30b into US for next 6yrs

3. SG continue attractive critical Datacenters and Big Pharma Investments

4. SG seem to becum a buffer trade zone for Murika and Tiongkok

5. Sg Top Team is more willing to address Hard Problems and do real heavy lifting critical projects

Let pray hard, hopefully we can success in 2030. Good luck to All

Heng Ong Huat hah

 

[laksaboy]

She is pacing back and forth around this area liao...

She lives in the west, a westerner just like me.

Pandan Reservoir is a better location. Although part of it has become an unsightly construction site for the Jurong Region Line MRT.

 

[k1976]

almost $69k.
View attachment 203701

Vice President lai de woh

 

[k1976]

almost $69k.
View attachment 203701

SG 诸葛亮 jin humble casio only

 

[Hightech88]

SG 诸葛亮 jin humble casio only View attachment 203728

This is for show only to align with his wayang narrative.

Search his house and don't be surprise if you see this...:

 

[k1976]

Japan Officials Strive to Restore Calm After Market Whipsaws​

• Officials from the Prime Minister to the currency chief speak
• Ueda summoned to parliament for questions this week or next

Atsushi MimuraPhotographer: Shoko Takayasu/Bloomberg
By Erica Yokoyama and Yuki Hagiwara
August 6, 2024 at 3:32 PM GMT+8
Updated on
August 6, 2024 at 5:09 PM GMT+8
Save

Japan’s government and central bank sought to show a united front and restore calm to financial markets, after the biggest stocks plunge in more than three decades triggered criticism of monetary policy tightening and cast a shadow over efforts to get households to invest their assets.

“It’s important to make calm judgments in a situation like this,” Prime Minister Fumio Kishida told reporters during a visit Tuesday to Hiroshima. “I want to continue to watch the situation with a sense of urgency while closely cooperating with the Bank of Japan.”

 

[k1976]

Bank of Japan under fire for rate-hike timing after market meltdown​

Published Tue, Aug 6, 2024 · 01:04 PM
Bank of Japan

• Governor Kazuo Ueda last week repeatedly stressed the BOJ decided to increase rates based on economic and inflation data showing that developments were in line with previous expectations. PHOTO: REUTERS
• Governor Kazuo Ueda last week repeatedly stressed the BOJ decided to increase rates based on economic and inflation data showing that developments were in line with previous expectations. PHOTO: REUTERS
• Governor Kazuo Ueda last week repeatedly stressed the BOJ decided to increase rates based on economic and inflation data showing that developments were in line with previous expectations. PHOTO: REUTERS
• Governor Kazuo Ueda last week repeatedly stressed the BOJ decided to increase rates based on economic and inflation data showing that developments were in line with previous expectations. PHOTO: REUTERS
• Governor Kazuo Ueda last week repeatedly stressed the BOJ decided to increase rates based on economic and inflation data showing that developments were in line with previous expectations. PHOTO: REUTERS

THE Bank of Japan’s (BOJ) monetary policy tightening last week has triggered a wave of criticism after it helped set off a historic plunge in Japanese stocks and contributed to global market turmoil – likely putting any plans for further interest rate hikes on ice.

“The BOJ needs to be humble about economic data and the markets,” said Nobuyasu Atago, chief economist at Rakuten Securities Economic Research Institute and a former BOJ official. “The fact that the BOJ raised interest rates in the face of poor economic statistics shows that it did not pay attention to data.”

Governor Kazuo Ueda last week repeatedly stressed the BOJ decided to increase rates based on economic and inflation data showing that developments were in line with previous expectations. He also said rates would keep rising as long as that trend held.

 

[cocobobo]

No black Tuesday. Mostly recovering already

 

[joemartini]

More condo owners jump down better

that is the best single comment of all!!!!!!!!!!!!
If fucking sinkies simply cannot vote out PAP, let them all drown in all the reserviors.

 

[shock888]

One of the important rules of investing is to have protection, just like we have travel insurance when we travel, home insurance for our house etc. If you are insured, the losses from such meltdowns are limited.

 

[k1976]

 

[oliverlee]

Let see...things can be different
Situation is very fluid and unsettled

Positive Highlights
1. SG signing 123Agreement with US is a good step forward.

2. GIC to invest 30b into US for next 6yrs

3. SG continue attractive critical Datacenters and Big Pharma Investments

4. SG seem to becum a buffer trade zone for Murika and Tiongkok

5. Sg Top Team is more willing to address Hard Problems and do real heavy lifting critical projects

Let pray hard, hopefully we can success in 2030. Good luck to All

Heng Ong Huat hah

shills of your ilk will still be so fucked when BRICs take off and they finally cut the isthmus of Kra. You don’t and won’t get ahead after you have sold the nation to the devil lmfao

 

[k1976]

shills of your ilk will still be so fucked when BRICs take off and they finally cut the isthmus of Kra. You don’t and won’t get ahead after you have sold the nation to the devil lmfao

Well， doing business with devil is a daily pre-requitise to survive another day for many many of us

Maybe u are the Lucky Ones

 

[k1976]

shills of your ilk will still be so fucked when BRICs take off and they finally cut the isthmus of Kra. You don’t and won’t get ahead after you have sold the nation to the devil lmfao

Use your brain ， 28b-100b usd kra canal will not take off, northern artic sea route is politically and economically viable

Kra canal only reduce 3 days of shipment time vs Northern Sea Rout of 10days saving

https://thediplomat.com/2023/11/arctic-ambitions-chinas-engagement-with-the-northern-sea-route/#:~:text=In an effort to assess,$9.36 million compared to traditional

 

[k1976]

5 Aug, 2024 18:31
HomeBusiness News

Apocalypse now or later? What the stock market collapse means and what the Fed fears most​

The American economy is too financialized to withstand any sustained drop in asset prices
By Henry Johnston, a Moscow-based RT editor who worked in finance for over a decade

It’s carnage out there in the markets, and things have been moving with the force of a tsunami.

Japan’s Nikkei 225 plunged more than 12% on Monday in what was the biggest single-day drop since ‘Black Monday’ in 1987. As of this writing, the Dow has dropped some 1,000 points, while the Nasdaq has cratered nearly 4% in what has turned out to be a global market rout.

The triggers for the selloff are clear enough and have been well covered in the financial media. Friday’s disappointing US jobs report ignited fears of a US recession. The once-hot but overly leveraged and overhyped AI trade has gone sour, which has led to a bloodbath for tech stocks.

Largely responsible for the latter development is the breaking of the massive dollar-yen carry trade – where investors were borrowing cheaply in yen and investing in higher-yielding US assets. This can be thought of roughly as a big interest-rate arbitrage: Borrow at low rates and lend (invest) at higher rates. But when the Bank of Japan raised rates on July 31 and, perhaps even more importantly, signaled more hikes to come, a massive capitulation in these carry-trade positions ensued. This has reverberated through markets and led to a lot of margin calls. And since investors often have to sell other assets to meet margin calls, it creates even more selling pressure.

Predicting where markets may be headed in the coming days and weeks is a hazardous endeavor that I won’t venture. Many investors are of course trying to catch the proverbial ‘falling knife’ – meaning buying in during or immediately after a sharp selloff. A number of analysts are already saying that the panic is overblown and things will soon stabilize. If I had high conviction about how things will shape up over the short term, I would simply trade the market, not write about it.

So instead of shooting in the dark with a forecast, let’s figure out how to think about what’s going on. And it’s always good to step back a bit and try to find the bird’s eye view in the midst of turmoil. First, there’s the obvious: This is really a fairly classic instance of a positioning unwind rather than a response to an economic shock. A lot of equity investors got in too deep chasing the bubble in tech stocks – and a lot of these unfortunate folks were borrowing cheaply in Japanese yen to do so (see above about the carry trade). There are a lot of margin calls going on, a lot of forced liquidations on leveraged positions – and probably a lot of wives securing the windows in the high rises.

Assuming this doesn't blow over quickly, what's really important to look at is how the market’s perception of the Federal Reserve’s next steps evolves – and then what those steps turn out to be. This is not so much because the Fed is omnipotent, but because this is where the chaos of the moment intersects with some of the deep and structural features of the US economy.

The Fed kept interest rates on hold at its July meeting while hinting strongly at a rate cut in September. Many analysts believe the US central bank has waited too long to bring rates back down after the series of post-pandemic hikes aimed at cooling inflation. Market expectations of upcoming interest rate cuts had been moving sharply higher even prior to recent events.

However, the market meltdown has propelled this conversation into overdrive. If as recently as last Wednesday futures tied to the federal funds rate were showing an 87% chance of a 25 basis-point cut – the smallest possible move – in September, investors are now pricing in about 55 basis points of easing at September’s meeting and 100 basis points by November’s. In other words, the market sees about a 20% chance of an emergency rate cut.

Can Friday’s downbeat employment report really be that much of a game-changer for the US economy? It certainly moved the needle but it can hardly explain such a radical shift. What is really behind such pricing – not to mention calls for an emergency cut – is a belief that the Fed needs to step in and rescue the markets.

This speaks volumes about how the Fed is perceived to have, in addition to its official mandate of price stability and full employment, an unspoken mandate of market stability. This hidden third mandate even has a name: the ‘Fed put’.

In finance, a ‘put’ is a contract that gives its owner the right to sell something – such as a stock, bond, or commodity – at a predetermined price, regardless of the market price. Think of it as a guarantee – no matter how far the market has fallen, you can unload your asset for the set price.

But the term has come to be used in a more general sense. Applied to the Fed, it means that there is a belief that whenever the economy or markets turn south, the Fed will swoop in and cut interest rates or print money to provide a boost. Such a policy is, of course, officially denied, but many investors think that there is a floor underneath markets, just as there is for an asset with a ‘put’ option. This has been an important source of what may seem like unfounded and never-wavering confidence in the US stock market that has prevailed with few exceptions since the late 1990s.

The Fed has, in fact, shown time and again that it is ready to intervene in various ways – directly or opaquely – whenever the stability of financial markets is threatened.

The entire narrative we have been seeing around the Fed over the last 48 hours speaks to a sturdy belief that some version of the ‘Fed put’ remains in place. While the Fed is unlikely to actually go so far as to summon an emergency meeting to cut rates – doing so would be an overt display of panic – it will very likely aggressively talk markets down from the precipice by all but promising hefty rate cuts for the remainder of the year. And if things really get out of hand in markets, a more forceful intervention is nearly guaranteed.

So let’s take this a step further and try to understand what really underlies this invisible commitment to markets. Is this just banal corruption on the part of stock-holding Fed committee members? No. That’s not how it works.

What really underlies this is that the Fed is simply responding to a deep structural distortion of the economy that is in plain view but often insufficiently appreciated. The US economy is so financialized and so leveraged, and so many Americans (particularly the elite classes) are so dependent on the prices of financial assets for their wealth that a sustained and long-term drop in markets would simply be catastrophic. If a large part of GDP is connected, one way or another, to asset prices, movements in markets take on an importance far beyond the fortunes of Wall Street players.

To find a rather remarkable illustration of this, look no further than the extent to which even the tax base is dependent on financial markets. The year 2023 was a pretty good one for the economy, whether judged by the labor market or growth figures. Nevertheless, total receipts of the federal government were down about 7% from 2022. How is that possible in a year in which not only did the economy grow but personal income actually increased? The answer: Individual income tax receipts actually dropped despite rising incomes because capital gains realizations from the previous year were lower (capital gains realizations are merely the profits on investments sold). The reason for the decline in capital gains is that in 2022 US stocks had their worst year since 2008.

https://www.rt.com/business/602204-stock-market-crash-apocalypse/

神仙打架

 

[k1976]

No black Tuesday. Mostly recovering already

Bearstein onlys..trigger for next milestone

 

[Hightech88]

Brace for multiple crash to the bottom. Looks like Dragon Year is going to add fuel to the wars, LOL.

 

[k1976]

Brace for multiple crash to the bottom. Looks like Dragon Year is going to add fuel to the wars, LOL.

Multiple controlled collapse in Great Reset