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This is the reason why Modi visited Sinkapore

winnipegjets

Alfrescian (Inf)
Asset
Officially, there are 650,000 Ah Nehs living in Sinkapore. In reality, I suspect, that number is more than that, possibly triple.

Modi wants Sinkapore to accept more Ah Nehs, relieving the pressure that he is facing back home.

Of course Wong, eager to suck up to Modi, agrees. All those deals signed with India will lead to more Ah Nehs streaming into this island.

Apparently, the average income of Ah Nehs in Sinkapore is $70k. There are many good paying jobs that sinkees could do that have been taken up by Ah Nehs.
 

sbfuncle

Alfrescian
Loyal
The worst jobs to be taken by nehs is in the finance industry.
Their keling nah siao really no horse run kind.
Especially if they are working for their own cuntry setups I.e jobs agency that are awarded contracts by mncs
You can never get your proper payroll.
 

KingFook Sr

Alfrescian
Loyal
Officially, there are 650,000 Ah Nehs living in Sinkapore. In reality, I suspect, that number is more than that, possibly triple.

Modi wants Sinkapore to accept more Ah Nehs, relieving the pressure that he is facing back home.

Of course Wong, eager to suck up to Modi, agrees. All those deals signed with India will lead to more Ah Nehs streaming into this island.

Apparently, the average income of Ah Nehs in Sinkapore is $70k. There are many good paying jobs that sinkees could do that have been taken up by Ah Nehs.
But Sinkies love this situation by keeping PAP eternally.
 

k1976

Alfrescian
Loyal
The worst jobs to be taken by nehs is in the finance industry.
Their keling nah siao really no horse run kind.
Especially if they are working for their own cuntry setups I.e jobs agency that are awarded contracts by mncs
You can never get your proper payroll.

Wall Street Traders Suddenly Converge on Economic Hazards Ahead​

  • Stocks resume selling after decoupling from bonds, commodities
  • JPMorgan model shows a wide range of recession odds in assets

By Lu Wang and Denitsa Tsekova
September 7, 2024 at 4:26 AM GMT+8
Save

For those on Wall Street clinging to the bull case on the economy, life is getting harder.
Troubling data – long foretold in the bond and commodity markets – woke traders across risky assets up from their slumber this week, in the worst performance for stocks since the 2023 regional bank crisis.
 

k1976

Alfrescian
Loyal

US market selloff stokes recession fears, trounces rate cut cheer​

By Naomi Rovnick
September 4, 20248:47 PM GMT+8Updated 2 days ago




Traders work on the floor of the NYSE in New York

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 28, 2024. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab
  • Summary
  • Companies
  • Renewed recession risks batter stocks
  • Volatility gauges on the rise
  • Aggressive Fed rate cut forecasts no longer seen as good news
LONDON, Sept 4 (Reuters) - Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have created another perfect storm of global market volatility, leaving investors scrambling for protection and fearing another round of currency chaos.
Following a rapid recovery for risky assets such as stocks and high yield bonds from a chaotic early August selloff, traders have lost their short-lived optimism that U.S. interest rate cuts would support growth.


U.S. stocks fell on Friday, weighed down by a jobs report that left traders uncertain about how far the Federal Reserve will go in cutting interest rates.




Instead, they appear to be already getting ahead of U.S. jobs data on Friday that may repeat last month's weak report, with Tuesday's weak U.S. manufacturing data triggering fresh selling.
Wall Street's S&P 500 share index (.SPX), opens new tab fell over 2% on Tuesday, while Japan's broad Topix share gauge plunged 3.7% on Wednesday in its biggest daily drop since the Aug. 5 market rout and European stocks tumbled (.STOXX), opens new tab.
Meanwhile, the VIX (.VIX), opens new tab index of expected U.S. equity volatility has hit a one-month high, as choppy currency trading threatened the dollar and other haven currencies.
"Markets were dealing with uncertain inflation but growth was resilient," said Florian Ielpo, head of macro at Lombard Odier. "That situation seems to be changing, the new uncertainty is how deep will the slowdown be."
 

k1976

Alfrescian
Loyal

Europe mixed and Wall Street lower as BoE governor says UK recession may be over​

LaToya Harding
·Business Reporter, Yahoo Finance UK
Updated Wed, 21 Feb 2024

ftse The Bank of England in the City of London, after figures showed Britain's economy slipped into a recession at the end of 2023. The Office for National Statistics (ONS) estimated that GDP - a key measure of economic activity - fell by 0.3% in the last three months of 2023, following a decline of 0.1% in the previous three months. Picture date: Thursday February 15, 2024. (Photo by Yui Mok/PA Images via Getty Images)

Bank of England governor Andrew Bailey said that inflation does not need to reach Threadneedle Street's 2% target before it starts cutting interest rates. The FTSE was down at the close. (Yui Mok - PA Images via Getty Images)
The FTSE 100 (^FTSE) and European stocks had a rollercoaster Tuesday, opening lower, before later recovering, to close in the red again, as Andrew Bailey raised hopes that Britain’s “very small recession” may already be over thanks to “distinct signs of an upturn”.
Speaking to the Treasury Select Committee, the Bank of England (BoE) governor said that inflation does not need to reach Threadneedle Street's 2% target before it starts cutting interest rates.

Goldman Sachs (GS) said that it now expected the BoE to deliver an interest rate cut in June from a prior forecast of May.
It also came after a reduction in China’s key interest rate added to worries about the world’s second largest economy. Elsewhere, stocks on Wall Street were lower on the day as hopes for early interest rate cuts weighed on investor sentiment.
  • London’s benchmark index was more than 0.1% down as the pound (GBPUSD=X) held steady.
  • Germany's DAX (^GDAXI) dipped 0.1% and the CAC (^FCHI) in Paris headed 0.4% higher.
  • The pan-European STOXX 600 (^STOXX) was 0.1% lower.
  • Barclays is set to return £10bn to shareholders despite profit drop.
  • Industrial miners fell as copper prices traded lower against a firm dollar.
  • The Dow Jones Industrial Average (^DJI) was treading water by the European close as Walmart (WMT) shares jumped almost 6% after the bell.
  • The S&P 500 (^GSPC) opened lower by 0.5% while the Nasdaq Composite (^IXIC) dropped 1%.
 
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