The Coming Crash (no later than 1H2012)?

(02-11-2011, 11:50 AM)RBM Wrote: .......... and indeed now PM Papandreou's cabinet QUOTE unanimously supports UNQUOTE their leader's dishonesty. Hang your head in shame Greece. What a shambolic disgrace. I hope some other Euroland countries, particularly the poorer ones, now also invoke referenda to approve the whole package, with their referenda dates after the Greek one!

Short the Greece banks!

(02-11-2011, 12:15 AM)Bibi Wrote: Someone told me during the Asia financial crisis, our govt would rather prefer to use the reserves money to help Indonesia than to help spore companies and it's pp. The then president ong rejected the request to use the reserves to help Indonesia. How true is the source I don't know.

I watch the movie "in time" and agree with what the movie say. You actually need alot of poor people to keep the economy humming. If the poor becomes rich, the economy will suffer. To keep economy humming, the country will have to search elsewhere for poor people to fill the gap.

This is definitely correct. our Yamen try to keep us from becoming "rich" too easily. Yamen has so many different forms of taxes and "control how you spend your money tatics" on big items like car and housing. Then importing more workers than "necessary" to make sure not only you have to work very hard but remain "poor". The question i always ask myself is who else besides the "Elites of Singapore" benefited? Maybe the 60% of the population did who voted for them?

(02-11-2011, 08:16 AM)Thriftville Wrote: Hey buddies!

Actually I felt the same about the way Europe manage their finance. It's sounds similar to the chinese saying that "wealth cannot pass more than 3 generations". Time for Europe to cut back on their luxury lifestyle...

I feel that China's plan to support EU may actually help China in the long run. Because I believe that this kinda deal will involve a lot of hidden clauses. Look at the Spain & Argentina's national basketball team, they are wearing Li Ning. China may benefit in term of technology transfer and a bigger potential market for their goods.

But after all, I still hope that EU collapse. So I can buy cheap stocks! Hee hee

actually i see a lot of investors with cash and hoping for EU to collapse so that they could buy cheap stocks. if this is the case, i am wondering how can stocks become cheap in a situation where there are always ready buyers?....

(02-11-2011, 02:59 PM)wozhaodaole Wrote: actually i see a lot of investors with cash and hoping for EU to collapse so that they could buy cheap stocks. if this is the case, i am wondering how can stocks become cheap in a situation where there are always ready buyers?....

Good observation! In crisis, people will panic, so they will liquidate their assets or funds. Mutual funds will be forced to sell in large amount at whatever price they can fetch... that will trigger a sudden collapse in price... usually the demand is less than supply, so the price will be low for you and I to pick up... haha... sounds like scavenger?

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(02-11-2011, 02:48 PM)Temperament Wrote: This is definitely correct. our Yamen try to keep us from becoming "rich" too easily. Yamen has so many different forms of taxes and "control how you spend your money tatics" on big items like car and housing. Then importing more workers than "necessary" to make sure not only you have to work very hard but remain "poor". The question i always ask myself is who else besides the "Elites of Singapore" benefited? Maybe the 60% of the population did who voted for them?

Hey buddy, I can feel your frustration... I think the easier way for resolve this is to strengthen oneself and join the elites... then you wont have to fight against the current...

(02-11-2011, 03:04 PM)Thriftville Wrote:

(02-11-2011, 02:59 PM)wozhaodaole Wrote: actually i see a lot of investors with cash and hoping for EU to collapse so that they could buy cheap stocks. if this is the case, i am wondering how can stocks become cheap in a situation where there are always ready buyers?....

Good observation! In crisis, people will panic, so they will liquidate their assets or funds. Mutual funds will be forced to sell in large amount at whatever price they can fetch... that will trigger a sudden collapse in price... usually the demand is less than supply, so the price will be low for you and I to pick up... haha... sounds like scavenger?

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(02-11-2011, 02:48 PM)Temperament Wrote: This is definitely correct. our Yamen try to keep us from becoming "rich" too easily. Yamen has so many different forms of taxes and "control how you spend your money tatics" on big items like car and housing. Then importing more workers than "necessary" to make sure not only you have to work very hard but remain "poor". The question i always ask myself is who else besides the "Elites of Singapore" benefited? Maybe the 60% of the population did who voted for them?

Hey buddy, I can feel your frustration... I think the easier way for resolve this is to strengthen oneself and join the elites... then you wont have to fight against the current...

actually , im just wondering if we have just had the market bottom last month, seeing that they are so many buyers who are eagerly waiting to add to their stock positions. in other words, they are virtually hardly any sellers around. if they are no sellers, how can market go down?
..i myself am sitting on lots of cash. im already thinking i have just missed the boat.....haiz...

http://www.connect.facebook.com/photo.ph...e=1&ref=nf


Viewpoint: Greece's new route to suicide
http://www.bbc.co.uk/news/world-europe-15546063


Why Would China Want to Help Bail Out the Euro Zone?
http://www.time.com/time/world/article/0...62,00.html


Chanos on China Economy, Property, Europe Debt
http://www.bloomberg.com/video/79081596/


Thailand floods could create laptop shortage
http://money.cnn.com/2011/11/01/technolo...d=HP_River

Here we go again!

I remember during the 97 crisis, the South Koreans sold their gold to help their country - even though Koreans have protests in their blood due to years of colonisation by the Japs and Chinese. They know when to fight amongst themselves (the frequent violent protests at the car plants, for eg) and when to band together as one nation when the situation arises.

It's also not surprising that the Japs and Germans, having been defeated during WWII, both rose from the ashes to be economic powerhouses in one generation. It's in the genes and collective memory of a nation.

Investors waiting in the sidelines to pickup bargains (which would include me as I am 50% in cash) are assuming (and hoping) that the world economy will bounce back - just like in 2009. But at the back of my mind, I am wondering what if the next meltdown is more like in the 1930s? Not 2 to 3 years of recession; but decades like in Japan?

Thank goodness I am getting out of Greece in 2 months' time. Now Greek protests against immigrants in Athens already propping up... Keeping my fingers crossed that Greece don't self-destruct in the next 2 months...

(02-11-2011, 03:04 PM)Thriftville Wrote:

(02-11-2011, 02:59 PM)wozhaodaole Wrote: actually i see a lot of investors with cash and hoping for EU to collapse so that they could buy cheap stocks. if this is the case, i am wondering how can stocks become cheap in a situation where there are always ready buyers?....

Good observation! In crisis, people will panic, so they will liquidate their assets or funds. Mutual funds will be forced to sell in large amount at whatever price they can fetch... that will trigger a sudden collapse in price... usually the demand is less than supply, so the price will be low for you and I to pick up... haha... sounds like scavenger?

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(02-11-2011, 02:48 PM)Temperament Wrote: This is definitely correct. our Yamen try to keep us from becoming "rich" too easily. Yamen has so many different forms of taxes and "control how you spend your money tatics" on big items like car and housing. Then importing more workers than "necessary" to make sure not only you have to work very hard but remain "poor". The question i always ask myself is who else besides the "Elites of Singapore" benefited? Maybe the 60% of the population did who voted for them?

Hey buddy, I can feel your frustration... I think the easier way for resolve this is to strengthen oneself and join the elites... then you wont have to fight against the current...

Really? Can you really join the ELITES
The real ELITES of Singapore are all chosen from among the Yamen's top scholars,top army's generals, of course there are exception like 'kaki lang"- the very young & greenhorn recent lady candidate who ride on the coattail of group election system, recently. They say she will be earning up to a $million easily after just 5 year term as an MP.
Will you consider a doctor practising in the HDB's heartland an Elite too?
I don't think so if you ask him. Taking him as a base of comparison i think many professionals don't consider themselves as belonging to the Elitist's class. Middle or upper middle class maybe?

(02-11-2011, 02:59 PM)wozhaodaole Wrote: actually i see a lot of investors with cash and hoping for EU to collapse so that they could buy cheap stocks. if this is the case, i am wondering how can stocks become cheap in a situation where there are always ready buyers?....

They are cash rich but how do you know they are ready buyers? Do all of them know when value emerge from the meltdown and start to wack hard into shares? When DBS was trading at below 8 during the last recession i bought some. My colleague say she will wait for $4. In the end, she didnt buy any. All my money went into shares during the last recession. I bet those so call cash rich investor were still holding on to a big bulk of cash waiting for STI to hit below 1000 which unfortunate for them, it didnt happen.

I have the same observation.. a lot of people who hold cash to wait for a crash somehow seems to be forever waiting. I've also known of people who sat out of the Financial Crisis just waiting for some crisis target. even if it reached their target, they could just lower the target and continue waiting.

Then there are those like Roubini who seems to only see one crisis after another

(02-11-2011, 08:58 PM)Bibi Wrote:

(02-11-2011, 02:59 PM)wozhaodaole Wrote: actually i see a lot of investors with cash and hoping for EU to collapse so that they could buy cheap stocks. if this is the case, i am wondering how can stocks become cheap in a situation where there are always ready buyers?....

They are cash rich but how do you know they are ready buyers? Do all of them know when value emerge from the meltdown and start to wack hard into shares? When DBS was trading at below 8 during the last recession i bought some. My colleague say she will wait for $4. In the end, she didnt buy any. All my money went into shares during the last recession. I bet those so call cash rich investor were still holding on to a big bulk of cash waiting for STI to hit below 1000 which unfortunate for them, it didnt happen.