next crisis around the corner
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On Interest Rates, the Bank of England Just Can't Win
No matter what it does, the Bank of England's Monetary Policy Committee will not be able to find a way out of the dilemma it has found itself in when it meets Thursday.If it raises rates, it chokes the economy. If it doesn't raise, inflation gets out of control. Any decision has the potential to turn into a bad one, according to analysts and economists.
for details log in to CNBC.com
This show what kind of situation we are in. either way, we die.
Singapore way of fighting inflation is to let singapore dollar rise. putting economy on the risk to losing its competitiveness especially export base industries.
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I think 2 things to watch out for
1) the coming oil price hike. Oil price will go up, up and up, resulting in hyperinflation - Jim Rogers
2) Sooner or later, China has to change course else the US will slap tariff on its goods. This will expose China economic weakness. China has never been open with its economic data, prefer to unveil its data behind secrecy. Prolong massaging of data will accumulate more danger and risk.
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When you come late for the buffet and all the foods are gone who can you blame.....
I fully agreed with Reyes that crisis not over yet. We need ONE perfect STORM.
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us still got lots of oil reserve, more than the arabs - onli waiting
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Originally posted by charlize:
Don't worry.
Just go ahead and buy that hdb flat for half a million dollars.
Your job is secure and you will get annual increments of 10% for the rest of your working life.
You can look forward to retiring at 55 and taking all your cpf too.
Really.
i thought some area already see 900K
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Originally posted by FBFIce:
us still got lots of oil reserve, more than the arabs - onli waiting
ya, waiting for the oil to go super high in prices, that time sure can make tons of money. -
the reason why US imports oil even thoug hit has more oil than the whole Middle East put together is becoz of the Federal Reserve.................
they make more money when they print more money.................
but if the money stay in US then there'll be hyperinflation.....................so they move USD out of US via oil imports.................
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No crisis in next 3 years because governments learn now that they can solve economic problems by printing paper money.
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The US may has more oil reserve than Arabia but the cost of extracting from US sand-oil is more expensive.
What Jim Rogers meant is that the discovery of new oil reservoir is coming to the end. In recent memory, there has not been any major break thru in such discovery.
In the consumption of oil, the world has to "run in order to keep still" at the rate the world is gobbling it.Jim Rogers based on these reasonings for saying that oil price is going to hike.
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The US may has more oil reserve than Arabia but the cost of extracting from US sand-oil is more expensive.
What Jim Rogers meant is that the discovery of new oil reservoir is coming to the end. In recent memory, there has not been any major break thru in such discovery.
In the consumption of oil, the world has to "run in order to keep still" at the rate the world is gobbling it.Jim Rogers based on these reasonings for saying that oil price is going to hike.
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Originally posted by 4sg:
The US may has more oil reserve than Arabia but the cost of extracting from US sand-oil is more expensive.
What Jim Rogers meant is that the discovery of new oil reservoir is coming to the end. In recent memory, there has not been any major break thru in such discovery.
In the consumption of oil, the world has to "run in order to keep still" at the rate the world is gobbling it.Jim Rogers based on these reasonings for saying that oil price is going to hike.
I am a fan of Jim Rogers. what he said is very true.
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at $100 B/L, high production cost in the us still lucrative
even nothsea is making money
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Originally posted by 4sg:
The US may has more oil reserve than Arabia but the cost of extracting from US sand-oil is more expensive.
What Jim Rogers meant is that the discovery of new oil reservoir is coming to the end. In recent memory, there has not been any major break thru in such discovery.
In the consumption of oil, the world has to "run in order to keep still" at the rate the world is gobbling it.Jim Rogers based on these reasonings for saying that oil price is going to hike.
oil in Canada is in the sand......................not USA.......................
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Originally posted by Rooney9:
I am a fan of Jim Rogers. what he said is very true.
he's not Buck Rogers...................
Jim also kelong one..................telling people to invest in areas where he's already invested in so can pump up the price.......................making use of his fame.
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They say once in every 10 years,there are bound to have crisis of some sort,dont know true or not.
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Originally posted by Asromanista2001:
oil in Canada is in the sand......................not USA.......................
ok nth america that is....
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Originally posted by Rooney9:
I am a fan of Jim Rogers. what he said is very true.
but he is something of an odd ball to me
all his eggs in China basket.
He is dichotomically opposite of the futurist George Friedman
George Friedman bulls on future US based on geopolitic, regionalism of China.
Jim Rogers bulls future China based on social-industrialisation, decline of US.
I wonder who will be right......
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2012/2013?
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March has not end and we are starting to see all hell break loose around the world!
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I am worry that due to the world crisis, companies beginning to close shop and ship out of spore, thus creating more unemployment.
Especially Hkg, Aust or India, companies have been toying whether need to ship over to that country to tap on their big market. Just like india...such a vast market. Or hkg, waiting for china to open up more.
Not saying I very bad, I do hope that india, aust, hkg, china will collapse so that foreign companiese wiill stay put in spore. Local staffs will have jobs. Everybody happy.
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Likeyou....................
when US and Europe collapse..................only a matter of time...............
the rest of the world will also go into depression...................
no country will escape.
the final collapse will come when most major countries default on their increasing debts.................
just part of the plan...................
1st, banks and insurance companies in trouble so govts bail them out................
when govts in trouble....................who's gonna bail them out ?
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Not sure I agree. PRC is almost in full employment, the food prices is cheer by the farmer because every cents selling the crop now goes into the their pockets. The have no material desires for luxury living.
US will borrow but the ppl weath has reach a level they can easily pay for food. Maybe housing is still a problem.
Asia is singing the right tune with many countries reaching full employment.
ME may have biggers dissatisfied ppl and revolt but they have a govern with oil money to resolve it.
Afican already at the bottom and wars, nothings can be worse but should go up.
So where problems will come from?
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crisi will come when you least expected....all those that you already known are not considered crisi they are simply consolidated crisi fudge together .....
We are now in uncharted environment....
with Japan one of the high power consumption countries..... Quake and Tsunami and now Nuke Plant.....fugde with Arab unrest....., Europe debt renewal to continue, and US still struggle for job growth....we are boiling this soup................what's next?