New Economic Storm Coming...

• AndrewPKYap

  20 Sep 09, 05:12

   

  Joblessness Spikes to 11.1% in DC, Eases in Va., Md.

  Washington Post - Dion Haynes - ‎19 hours ago‎

  A jobs fair at FedEx Field in March. Data show Maryland and Virginia have more jobs per seeker than other states. (By Win Mcnamee -- Getty Images) By V. Dion Haynes The unemployment rate for the District rose dramatically to 11.1 percent in August, ...

  California Joblessness Reaches 70-Year High New York Times

  SD County jobless rate holds steady San Diego Union Tribune

  Lake County News - Forbes - Manteca Bulletin - Visalia Times-Delta

  all 1,430 news articles »

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  1. The US economy is driven by consumer spending (which will be badly affected by the high unemployment rate)

  2. The Asian economies grow from exporting to the US (sell to the US Consumers)

  3. The US Dollar is dropping (making imports more expensive and the exports of US produce cheaper)

  4. Can the consumers in the Asian economies pick up the slack (buy more) to offset the reduced spending by the US consumers?

  
  

  If you are an Asian like me, you would know intuitively that the Asians will save more in times like this than to spend more.

  
  

  Meaning the world is in for a painful correction. Meaning, watch out for the 

   

  New Economic Storm Coming..

   

• cyberr1981

  20 Sep 09, 09:33

  Originally posted by AndrewPKYap:

   

  1. The US economy is driven by consumer spending (which will be badly affected by the high unemployment rate)

  2. The Asian economies grow from exporting to the US (sell to the US Consumers)

  3. The US Dollar is dropping (making imports more expensive and the exports of US produce cheaper)

  4. Can the consumers in the Asian economies pick up the slack (buy more) to offset the reduced spending by the US consumers?

  
  

  If you are an Asian like me, you would know intuitively that the Asians will save more in times like this than to spend more.

  
  

  Meaning the world is in for a painful correction. Meaning, watch out for the 

   

  New Economic Storm Coming..

   

  Asians save?
  Look @ GSS, look @ Comex2009, look at whatever travel fairs 2009.....

  I DON'T THINK SO!!

  But with the USD continually to drop, gold will only rise further. Hope to see 1200usd gold within end of 2009!!

• eagle

  23 Sep 09, 10:02

  My Latest Technical Analysis:

  Feeling like the rally will last till >3000 and well into 2010? That all is well now, everything is alright now, and stocks will rally continuously?

  It could be likely that this last rally is for the 3rd quarter's window dressing. October would be an ugly month. The looks of it is scary.

  The signs: Multiple divergences, pennies play, signs of more and more pple playing and buying bravely, despondent bears...

   

• deepak.c

  23 Sep 09, 10:11

   

  Wonder how long will the US dollar last as a currency of trade.

   

   

• AndrewPKYap

  24 Sep 09, 04:18

   

   

  Oil tumbles below $69 per barrel; supplies jump

  Oil prices tumble below $69 after report reveals weak energy demand, glut of supply

  • By Mark Williams, AP Energy Writer
  • On Wednesday September 23, 2009, 3:11 pm EDT
  • 
    
  • Crude and gasoline prices fell sharply Wednesday on more evidence of a huge glut in supply, with the economy still damaged by the worst recession since the 1930s.
    

   

• AndrewPKYap

  24 Sep 09, 04:22

  Originally posted by cyberr1981:

  Asians save?
  Look @ GSS, look @ Comex2009, look at whatever travel fairs 2009.....

  I DON'T THINK SO!!

  But with the USD continually to drop, gold will only rise further. Hope to see 1200usd gold within end of 2009!!

   

  "Look @ GSS, look @ Comex2009, look at whatever travel fairs 2009....." ?

   

  Look at peanuts expenditure and ignore the mountain of savings in the CPF, for example? 

   

  

   

• AndrewPKYap

  24 Sep 09, 04:26

  Originally posted by eagle:

  My Latest Technical Analysis:

  Feeling like the rally will last till >3000 and well into 2010? That all is well now, everything is alright now, and stocks will rally continuously?

  It could be likely that this last rally is for the 3rd quarter's window dressing. October would be an ugly month. The looks of it is scary.

  The signs: Multiple divergences, pennies play, signs of more and more pple playing and buying bravely, despondent bears...

   

   

  You need to be fully aware of the negatives of using technical analysis. It is a triple edged sword.

   

   

   

• AndrewPKYap

  24 Sep 09, 04:36

  Originally posted by deepak.c:

   

  Wonder how long will the US dollar last as a currency of trade.

   

   

   

  A very long time more but maybe a reduced role, because most people are of the perception that the US is printing money.

   

  By Mark Williams, AP Energy Writer

  On Wednesday September 23, 2009, 3:11 pm EDT

  "Crude is priced in dollars so it becomes cheaper when the dollar falls. The dollar is at a nearly one-year low against the euro, and fell Wednesday after the Federal Reserve said it would keep interest rates at a record low -- near zero. Critics have complained that the Fed appears to be printing money to pay for the government's spending binge, and that hurts the dollar."

   

• AndrewPKYap

  24 Sep 09, 04:56

   

  

  Dow	9,748.55	-81.32	(-0.83%)
  S&P 500	1,060.87	-10.79	(-1.01%)
  Nasdaq	2,131.42	-14.88	(-0.69%)

   

  Ho Ho Ho...

   

• Georgetan884

  24 Sep 09, 05:13

  us held tons of gold bricks as their nation reserve

  don't know how many times more than china

  us also had huge pool of oil in alasak

  can print us notes (had something to do with IMF) but how to distribute

  so us citizen had to work to earn that money otherwise inflation problems occurred

   

• eagle

  24 Sep 09, 06:37

  Originally posted by AndrewPKYap:

   

  You need to be fully aware of the negatives of using technical analysis. It is a triple edged sword.

   

   

   

  No worries, I just earned near 1k from it again when starhill global broke up of ascending triangle with huge volume :)

  Elliott wave analysis of STI is also technical analysis, and this can be used in conjunction with socionomics.

  Play at a level I'm comfortable with can liao :)

• AndrewPKYap

  24 Sep 09, 22:01

  http://finance.yahoo.com/tech-ticker/article/342659/Bernanke-Is-Wrong!-The-Economy-Is-Getting-Worse-Not-Better-Schiff-Says;_ylt=Aok4b7efDq8EkQDzxHzkgou7YWsA;_ylu=X3oDMTE2ZTFuNHFoBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDYmVybmFua2Vpc3dy?tickers=^DJI,^GSPC,SPY,DIA,TBT,UDN,GLD&sec=topStories&pos=9&asset=&ccode=

• Arapahoe

  25 Sep 09, 01:44

  Originally posted by AndrewPKYap:

   

  You need to be fully aware of the negatives of using technical analysis. It is a triple edged sword.

   

   

   

  Yeah is like you can have the most sophiscated traffic light and camera to stop speeding. But if the drivers are not looking where they are going accident still happen. Thats what happen the 1st time round.... 

• AndrewPKYap

  2 Oct 09, 10:39

   

  STRAITS TIMES INDEX

  (SES: ^STI)

  Index Value:	2,612.14
  Trade Time:	10:37pm ET
  Change:	45.30 (1.70%)
  Prev Close:	2,657.44
  Open:	2,620.45
  Day's Range:	2,599.69 - 2,620.45

• AndrewPKYap

  2 Oct 09, 21:23

  -deleted-

   

• AndrewPKYap

  27 Nov 09, 08:13

  
  

  
  

  
  

  Dubai teeters under weight of debt

  Sydney Morning Herald - ‎33 minutes ago‎

  Bank shares take a tumble despite the emirate's efforts to minimise the impact of its request to delay repayment of billions of dollars. ...

  
  

  
  

   

• redDUST

  27 Nov 09, 09:46

  met a mate not long ago who came back from dubai a few months back. told me the city is only gleaming on the outside. mostly empty inside. the foreigners, including investors have left in droves, unfinished business left as it is. quite dire.

  the dubai folks may have the money to prop it up, but for how long, and to what extent?

• Atobe

  27 Nov 09, 10:13

  Originally posted by redDUST:

  met a mate not long ago who came back from dubai a few months back. told me the city is only gleaming on the outside. mostly empty inside. the foreigners, including investors have left in droves, unfinished business left as it is. quite dire.

  the dubai folks may have the money to prop it up, but for how long, and to what extent?

  
   

  As reported in the BBC, they have a loan of US$45 Billion that Dubai World has asked for a six months delay to repay the loan, and it is shaking the Financial World across the globe.

  This is bad news that come so soon after the US financial meltdown, which is just coming out of the bend.

   

   

  Dubai not too big to fail?

  Stephanie Flanders | 15:02 UK time, Thursday, 26 November 2009

  Comments (82)

  Dubai is not too big to fail. That seems to be the message of the surprise 6 month debt standstill at Dubai World, the most indebted offshoot of the UAE's most indebted emirate.

  International markets have been jarred by the news, perhaps as much by the timing as the decision itself (US investors, with markets closed for Thanksgiving, feel more vulnerable than most).

  But if you have a lot of money resting on Dubai coming through their dramatic boom and bust story intact, this is indeed a major shock.

  Put simply: everyone in the markets thought that, in the end, the federal government in Abu Dhabi would stand by all of Dubai's bad bets. Apparently, they won't.

  As with so much in Dubai, we don't yet know the whole picture. It's possible we never will. It's even possible that the government will panic at the market reaction to yesterday's announcement, and magically discover they can service Dubai World's $22bn debt mountain after all.

  But right now, the only conclusion to be reached is that Abu Dhabi is willing to let Dubai squirm.

  That is not how the script was intended to go. Dubai obtained $10bn from the UAE central bank in February as part of a $20bn sovereign bond programme - in effect, a federal bailout.

  When I was in Dubai two weeks ago, there was much speculation about when the next $10bn was going to arrive, but Sheikh Mohammed was personally assuring the world that everything was on track.

  Just two days ago, they announced they were halfway there, with $5bn raised from strategically situated Abu Dhabi banks.

  Even without the remaining $5bn, that should have been enough to continue to handle Dubai World's debts. The big bill that Dubai World had coming was the repayment of a $4bn Islamic bond for Nakheel, the worst afflicted part of the Dubai World empire. That may still be partly repaid - officials haven't confirmed one way or another.

  But the standstill decision leaves investors to ponder what they are not being told - why even $15bn wasn't enough to keep the company going, and why, when push came to shove, Abu Dhabi didn't stump up the cash.

  As we have learned many times over the past two years, where markets are concerned, too little knowledge is a dangerous thing.

   

   

   

   

   

• redDUST

  27 Nov 09, 12:36

  Originally posted by Atobe:

  
   

  As reported in the BBC, they have a loan of US$45 Billion that Dubai World has asked for a six months delay to repay the loan, and it is shaking the Financial World across the globe.

  This is bad news that come so soon after the US financial meltdown, which is just coming out of the bend.

   

   

   

   

  
  i have a regular driver who drives me to/from the airport for my overseas trip here. he migrated from somalia.

  in one of the conversations i had with him in the car 2 months back, he told me he has a cousin who's in dubai now, having work there for about 10 years. early last year, he was coaxed into buying a property prior to the financial woes. at that time, the property prices there then were going thru' the roof, and he pumped his life savings into the property.

  when the crash happened late last year, he was caught out completely. not only did the developer stopped work on the incomplete property, the value of the property dropped by 40% almost overnight.

  he tried to offload it mid this year but no one is even keen to take a look.

  and because he is a foreigner, he has little recourse as the laws there is vague and often favors local. foreigners get the short end of the straw there.

  his cousin is helpless even today.

    

• Atobe

  27 Nov 09, 13:00

  Originally posted by redDUST:

  
  i have a regular driver who drives me to/from the airport for my overseas trip here. he migrated from somalia.

  in one of the conversations i had with him in the car 2 months back, he told me he has a cousin who's in dubai now, having work there for about 10 years. early last year, he was coaxed into buying a property prior to the financial woes. at that time, the property prices there then were going thru' the roof, and he pumped his life savings into the property.

  when the crash happened late last year, he was caught out completely. not only did the developer stopped work on the incomplete property, the value of the property dropped by 40% almost overnight.

  he tried to offload it mid this year but no one is even keen to take a look.

  and because he is a foreigner, he has little recourse as the laws there is vague and often favors local. foreigners get the short end of the straw there.

  his cousin is helpless even today.

   

  Do you think that your Somali story will be the last to be told ?

  Just wait another a few months, and Singaporeans will begin to hear of the scary stories of our million-dollar salaried Talented Elites and their love affair with the investments in Dubai and the rest of the UAE region.

  Hold tight to your pillows, it maybe another tens or hundreds of billions going up in smoke.

  There is going to be a big hole to fill, and the present round of increases in all kinds of charges for essential services may not fill that hole.

   

• redDUST

  27 Nov 09, 13:04

  Originally posted by Atobe:

   

  Do you think that your Somali story will be the last to be told ?

  Just wait another a few months, and Singaporeans will begin to hear of the scary stories of our million-dollar salaried Talented Elites and their love affair with the investments in Dubai and the rest of the UAE region.

  Hold tight to your pillows, it maybe another tens or hundreds of billions going up in smoke.

  There is going to be a big hole to fill, and the present round of increases in all kinds of charges for essential services may not fill that hole.

   

  i always wondered how much has singapore sink into dubai, literally?

• 4sg

  27 Nov 09, 13:27

  Dubai - castles built on a pile of sands     bbc

• Arapahoe

  27 Nov 09, 17:02

  Originally posted by eagle:

  My Latest Technical Analysis:

  Feeling like the rally will last till >3000 and well into 2010? That all is well now, everything is alright now, and stocks will rally continuously?

  It could be likely that this last rally is for the 3rd quarter's window dressing. October would be an ugly month. The looks of it is scary.

  The signs: Multiple divergences, pennies play, signs of more and more pple playing and buying bravely, despondent bears...

   

  Q1 of 2010 will be super bad more layoff.....so we might be experiencing double dip recession Q2 of 2010.

• Arapahoe

  27 Nov 09, 17:40

  Originally posted by redDUST:

  i always wondered how much has singapore sink into dubai, literally?

  
   Round 2 begins the morning after "Black Friday" Those guys in Wall street never saw it coming........No Mercy for those who just plunge in money into stock. They are going to get burn sooner than they thought.  They probably hope there was a morning after Pill......after one night stand...

  Let's see how our Power Lady Ah Ho find its way out.... 

  Looks like Euro would rise up to the occasion.....

• 4sg

  27 Nov 09, 18:02

  Our power Lady Ah Ho very smart. She tells you Xmas coming so hohoho. Put your money into the empty piggy bank!

  Published November 18, 2009

  Temasek in US$500m global bond issue

  By CONRAD TAN 

  TEMASEK Holdings is raising US$500 million by selling 30-year US dollar bonds to institutional investors worldwide - its second large bond issue in a month.

  The bonds will pay fixed interest of 5.375 per cent a year until they mature in 2039. They are rated triple-A - the highest grade possible - by credit-rating agencies Standard & Poor's and Moody's Investor Services.

  The bonds are priced to yield 1.15 percentage points more than 30-year US Treasury bonds and are being re-offered to investors at a slight discount to yield a return of 5.441 per cent a year, Temasek said in a statement.

  They are the longest-dated bonds issued by Temasek so far, and the third series under a US$5 billion medium-term note programme it started in 2005.

  Last month, Temasek sold US$1.5 billion of US dollar bonds paying fixed interest of 4.3 per cent a year and maturing in October 2019. In 2005, it sold US$1.75 billion of US dollar bonds paying fixed interest of 4.5 per cent a year and maturing in September 2015.

  Further issues are likely. Temasek chief executive Ho Ching said in May that it plans to issue bonds of varying maturities. The spread - or extra yield - on the bonds, compared with traditional benchmarks such as US Treasuries, will reflect investors' perception of Temasek's creditworthiness.

  This will serve as a public signal of Temasek's financial position and credit risks that will bind its strategic actions and commercial choices, Ms Ho said at the time. 'We hope to establish a series of different tenured bonds for a more robust and nuanced signal over the longer term,' she added.

  As with the earlier issues, the bonds will be listed on Singapore Exchange.
  Net proceeds from the sale of the bonds will be used by Temasek and its subsidiaries to fund their ordinary course of business, Temasek said. Deutsche Bank, Goldman Sachs and Morgan Stanley are managing the sale.

  All the bonds under the US$5 billion medium-term note programme are fully and unconditionally guaranteed by Temasek.

  The bonds will be issued by Temasek Financial (I), a wholly owned unit of Temasek that was set up in 2004 to issue notes under the bond programme.

  The offering is scheduled to close on Nov 23.