Anyone know?

Chinese, no matter where they are, have high savings rate.

Personally I think financial crisis is a result of people spending too much on credits.

Are you interested in getting shares in the local Stock Exchange?? Most bank stocks are down but they are stable establishments, unlikely to require bailouts of the sort seen in Europe and US these days.

There is no financial crisis but the country is the first in ASEAN to announce that it is in recession officially.

I am thinking of investing in Wall Street shares, but have no idea where to start with US$10,000 investment? I don't really follow investment scene in emerging markets, any one here does??

You must have strong stomach to want to invest money in the stock market, Wall Street or otherwise. For me, I go for the mattress instead.

I'm an option trader. I'd recommend staying out of the markets right now. In the short term it's all about watching LIBOR and TED spreads to see if banks are lending again. There's a possibility that America might default on it's debts. The guarantee intrabank lending thing Europe and the USA did is EXTREMELY risky. They essentially went all in using America as collateral.

Oh as for emerging markets, there's a chance that they will get crushed. Check this out http://www.nakedcapitalism.com/2008/10/rou...ignificant.html

I was asking because I'm thinking about leaving this country. There's nothing left but a nation of uneducated debtors. Turns out the last decade of growth was all built imaginary wealth creation. The American standard of living will, for the foreseeable future be downshifted.

Damn, mndeg, that's pretty drastic isn't it??? Leaving your country juz cuz the capitalist dream turned out to be pipe smokes???

Where do u think of going?

I am definitely watching the LIBOR rates, after reading Nouriel Roubini's blog, I am beginning to realise the innards of the western banking system is full of maggots all waiting to pour their guts out if transparency rules would force them to do so, but they aren't revealing their extensive gangrene because of these bailouts.

If America defaults on its loans, what does it mean??? You guys gonna have to start learning chinese or go to war again?? Who would step in to prop it up? When Argentina defaulted on loans, the IMF stepped in, but who's gonna do debt relief for America??

Btw, there's a huge fiscal stimulus plan ongoing in Singapore, the government is laying down more infrastructure for the island's metro system, they wanna build a metro station stop within 4 minutes walk from any point on the island. How's that for government spending?

I'm actually looking into to moving to Singapore. Not because I'm a spineless ship-jumper like deggy boy but I'd like to move to somewhere that's wealthy and warm, but isn't filled with Mexicans and Blacks.

The whole world is stepping in RIGHT NOW in an attempt to prevent an American default. Default can't actually happen, since the US can just print money, but the question is what the effect on the value of the dollar is. Nobody wants a precipitous drop in the dollar's value, which is what we're on course for at the moment.

The VIX is at an all-time high right now, and gold is moving at three times its normal range. That means there's a lot of uncertainty in the markets.

In my personal opinion, holding cash is not a good idea. It might be good for the next month or three, but eventually the inflationary effects from all these measures are going to hit and your USD$ is going to plummet in purchasing power.

(I'm an equities trader.)

thumbs up.

Exactly the sentiments shown by the 'bosses' in my work area. They pace up and down n keep talking to clients(to reassure them). Tradings in this firm has decreased. Its just market sentiments as of now. The Singapore govt just released statements to guarantee ALL bank deposits in Singapore up to 2010. Hopefully this will boost the confidence in traders and cheer up the market sentiments.



It is a good investment to prepare for peak-oil. Instead of concentrating development to commercial-dense area, housing estates would have access to more services and products which could help reduce usage of gasoline.
Also, it'll further promote Singapore as a 'shopping-haven'.

where there's no mexicanos and blacks??
dude you'll probably end up working with the bangladeshis on construction sites in Singapore, though .....



Thanx! So if my savings are in the USD, what should i do with them right now? diversify into which currencies??




I didn't think Singapore banks have risk of runs, but i guess this could happen anywhere these days..

Are u working in Singapore??



But all that underground infrastructure work will be a traffic nightmare for sure!!!
But it got us out of the last recession in 1997, hopefully it'll work this time just as well.

What's Malaysia's outlook compared with Singapore's in this financial crisis??

Exactly.

*edit: nvm, I'm not good at being the bad cop. Even if I do stand by what I said before the edit. :P

The currencies are all fluctuating because of this inflation/deflation business. I expect that in the long run, the dollar will drop while the countries with positive foreign reserves will have their currencies increase - Japan, Switzerland, etc, but right now they are getting hit due to the credit crunch (which is temporarily increasing the scarcity of the dollar.)

I personally am avoiding currencies in favor of commodities and foreign stocks. Stocxks in general are a fair hedge against inflation, since they earn income in present/future dollars rather than at a fixed dollar value. The reason I want to avoid American stocks is because of the terrible shape of our economy and infrastructure. American stocks will be slower to recover relative to those of stronger (balance-sheet-wise) nations.

Fair disclaimer, I am somewhat a disciple of Peter Schiff, the guy who wrote Crash Proof and Little Bull Moves in Bear Markets.

The Singapore government has guaranteed all bank deposits until 2010.... no ceiling being put, all your deposits are secured in all Singapore banks.... including I guess the Islamic Bank?

If I would like to find a safe currency to purchase, I may choose Renminbi as i think it'll have alot more upside than all other asian currencies ....

What do u guys think?

hi dear....not an expert in currency to be honest, but it would be good to analyse the historical prices before contemplating into it

as for equities....warren buffet wrote (published in ST last week Oct 12) that he is buying in US equities. I agree with him but you have to wait a bit or if you are lucky....you can gain in a short period

me...I am staying out and had been staying out since oct last year.....it was a blessing if not die man!!

so what are u puttin your money in nowadays, rico??

i read that the government's gonna help all these moms and pops who were misrepresented by their bankers into buying these Lehman Bros mini bonds.. wow...

I have no time to be glued to the computer monitor like I used to....these days my work primarily is on site

Spoke to my money changer friend, he says many of his customers are buying aussie dollars as it is same as sing dollar right now. Everyone got spooke by Australian govt surprise cut in interest rates by a whoopping 100 basis point which put the dollar into downward spiral but he believes that aussie dollar will rise again and putting your aussie dollar into foreign currency FD which gives you better rates is the way to go.

Look at USD.....it went down to nearly 1.30 to sing dollar and now its 1.50...I miss the boat although my brother says that USD should always go up during US election.

Anyway....I am on ALL CASH right now. Not putting in FD cuz I dont like my money to be tight to any restriction. Anyway local FD is peanuts and good for those people having cardio problem

As for those mini bonds and high notes....I dont blame the bank honestly.....every investment has calculated risk. Most of us always want to get rich quickly and always wants to master our investments. When I was a stockbroker, they always want to be better than us....even giving tips and all that. So these people are trap by their own doing. They should read the little little words in T&C before blaming everyone of misleading them

Govt giving the mushroom handout.....its mushroom politics lor