tag:blogger.com,1999:blog-29051014.post3983398233971742066..comments2024-03-19T01:12:30.205+08:00Comments on nofearSingapore: Singapore's inflation rate- Worse to come?nofearSingaporehttp://www.blogger.com/profile/10292932144525733468noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-29051014.post-86309785898163177092008-02-01T23:46:00.000+08:002008-02-01T23:46:00.000+08:00Hi all,I think that the current exchange rate regi...Hi all,<BR/>I think that the current exchange rate regime of Singapore has showed a clear signal of weakness regarding the significant domestic inflationary pressures. In other words, the Peg to a basket of currencies has the significant weakness of still not being able to fully control interest rates. This leads us to question the efficiency of this regime that some economists recommand to otherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-44395672052829573472008-01-16T23:50:00.000+08:002008-01-16T23:50:00.000+08:00Hi anonThanks for sharing with us your situation.S...Hi anon<BR/>Thanks for sharing with us your situation.<BR/>S’pore’s economic development is uneven. There is a wide class divide and the rich are very comfortable ( although they also grumble) but the poor are in desperate straits. If they are poor and uneducated and not innovative, they are the worst off as they cannot compete with the foreign workers who willingly work for less ( when they nofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-67404420856817441042008-01-16T16:36:00.000+08:002008-01-16T16:36:00.000+08:00I am a PR living in Spore for almost 4 years. The ...I am a PR living in Spore for almost 4 years. The cost of living of spore is so high and the properties price especially the HDB flat is so expensive. Govt allows us to use CPF to pay loan. I don't think this is a good solution because we will eventually spend large amount of CPF to pay loan. What is left for us when we are old? The salary increment in spore is also so little (3-4% average) but Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-58558986472806243082008-01-12T22:44:00.000+08:002008-01-12T22:44:00.000+08:00Hi Dr Huang,Been pretty busy relocating and in a n...Hi Dr Huang,<BR/><BR/>Been pretty busy relocating and in a new place.<BR/>Very active and friendly locality.<BR/>Warm and sincere people. Hope to buy a home here and perhaps ship personal effects over from Sg.<BR/><BR/>Probably from feedback, cannot now retire in SG.<BR/><BR/>Can anyone verify the Sg GDP figures . The ones I got from the WHO figures are not too flattering. There seems to be a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-35328195230581962542008-01-12T08:17:00.000+08:002008-01-12T08:17:00.000+08:00Hi travailing doc,Thanks for dropping by.By all ec...Hi travailing doc,<BR/>Thanks for dropping by.<BR/>By all economic indicators, eg GDP/per capita income etc, we seem to be doing well.<BR/>Most foreign academics have nothing but praise for us but...<BR/>The rich-poor divide is ever increasing, and the poor and lowly-skilled find their wages pressed down by foreign workers who don't mind low wages as these still translate to good money in their nofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-42889028185754046852008-01-12T02:31:00.000+08:002008-01-12T02:31:00.000+08:00Hi Dr. Huang.Just came back home for a visit and a...Hi Dr. Huang.<BR/>Just came back home for a visit and am shocked by the rapid social changes in Sg. Prices of real estate has blown completely out of sight.<BR/>While friends and family are congratulating themselves that their assets are now worth millions and even patting me on the back that luckily I have not sold off my home and clinic and should now be beaming to the bank.<BR/><BR/>Just Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-37525785637140400812007-12-01T10:00:00.000+08:002007-12-01T10:00:00.000+08:00OK thank u for explaining. I've already depleted m...OK thank u for explaining. I've already depleted my cpf in the roof over my head.. The loan repaymt with the priv bank with its increasing interest is a looming large load each mth.. What's the little left in my spec acc & medisave..<BR/><BR/>I've means to bring in the bacon. Save it. But no that sure how n what to invest & grow them..<BR/><BR/>:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-1566724510055741222007-11-30T18:10:00.000+08:002007-11-30T18:10:00.000+08:00Hi anon 4.41:For the older folks who do not have a...Hi anon 4.41:<BR/>For the older folks who do not have a clue about investments and do not need the money urgently (eg give to some pretty China "friend"), it may be best option for them to leave it in the SA. The only risk ( which is not small), is the govt may prevent you from taking it out later). <BR/><BR/>I have no quarrels about annuities, but I am against forcing people to buy annuities nofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-36658989714930769822007-11-30T16:41:00.000+08:002007-11-30T16:41:00.000+08:00U mean save in our CPF, dr huang?Did U read the up...U mean save in our CPF, dr huang?<BR/><BR/>Did U read the uproar over cpf woes: delaying takeout age, annuity scheme etc..<BR/><BR/>Do we or do we not - put in our cpf? Sigh..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-91067991330963584152007-11-30T14:38:00.000+08:002007-11-30T14:38:00.000+08:00Hi anon 10.32:Save also cannot cos the interest ra...Hi anon 10.32:<BR/><BR/>Save also cannot cos the interest rate in the bank is lower than the inflation rate. So your $1 tomorrow lagi worth less than $1 ( time value of money).<BR/><BR/>Personally, I am on lookout for investments that have returns that is more than inflation rates. This of course depends on your risk profile ie your age and which part of life-cycle you are at etc.<BR/><BR/>If onenofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-90156947673909191222007-11-30T10:32:00.000+08:002007-11-30T10:32:00.000+08:00What then are the options for the man in the stree...What then are the options for the man in the street?<BR/><BR/>Do we curb our spending? Save like mad? Or..<BR/><BR/>Now cannot say "huat ahhh!" liao.. ;-(Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-57120015240524549872007-11-29T15:44:00.000+08:002007-11-29T15:44:00.000+08:00Hi anon 1.36:Most of older gen have no problem equ...Hi anon 1.36:<BR/>Most of older gen have no problem equating LKY with Sg's economic success. There is also something good about paying govt officials market rate...<BR/>But the disagreement is with the formula ( as you have said).<BR/>It cannot be correct that Sg's leaders should be the highest paid in the world.<BR/>I don't think many of the ministers do this for money but I think if we can get nofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-28789401249855059192007-11-29T13:36:00.000+08:002007-11-29T13:36:00.000+08:00If LKY want more $$, I'm sure Singaporeans have no...If LKY want more $$, I'm sure Singaporeans have no problem with that being one of the founding Father of Singapore.<BR/><BR/>But not the rest of the current Ministers who IMHO don't worth a million dollar. They lack passion to serve Singapore and only serve for the sake of more $$. <BR/><BR/>The pay formula for Minister and MP is flawed and will only encourage more greed in Singapore. Bad for Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-91031987141353887792007-11-29T11:57:00.000+08:002007-11-29T11:57:00.000+08:00Hi JamesIt is extremely tough to be poor or lower ...Hi James<BR/>It is extremely tough to be poor or lower middle class in S'pore.<BR/>The rich ( or highly skilled) gets richer cos there is demand for them all over the world, but the poor ( or poorly skilled) are in deep shit cos they always compete for jobs with foreignors who don't mind low pay due to favourable currency exchange rate. So the menial jobs/ lower status white colour jobs will nofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-13687016701946946532007-11-29T11:15:00.000+08:002007-11-29T11:15:00.000+08:00Dr Huang,reading yr article on inflation rate,i ha...Dr Huang,reading yr article on inflation rate,i have to agree with you strongly on what's going to happen in the next 6mths or so,the fact of the matter,what the govt will inform you is if we die,its not their concern,the govt only cares about filling their homogenous pay packets,if you look closely @ the ministerial pay package,its a whopping million dollar deal,which makes life easier for them,Anonymousnoreply@blogger.com