Don't really have to know why it dropped. If you know the Aus currency's fluctuation trend over the years, you can make a bundle.

You may have to buy and hold for a few years.

in my simpler terms, currency are affected by various factors.

1. interest rate.-- central bank in australia has been cutting interest rate

2. fall in commodity price. it was a impact on the AUD currency.

3. risk aversion.-- ppl fund manager tend to move their currency to safer currency such as USD and Japanese yen. are you surprise why USD? coz some ppl fund manager would rather buy eg. US treasury bonds, bills even though the yield are zero. the mentality is.. it is better not to gain than to lose.

the third pt could be wat TS trying to say ah, i think.

 

can you drive your pt short and sharp?

what is your pt after showing so many clipping and chart?

what is the consequences?

 

The loser has to fall
It's simple and it's plain
Why should we complain?

your pt is?

 

S'pore is in recession
Fri, Oct 10, 2008
AFP

SINGAPORE - Singapore's trade-sensitive economy has declined for a second straight quarter, the government said Friday, meaning the city-state has entered a recession for the first time in six years.

On a seasonally adjusted quarter-on-quarter annualised basis, real GDP declined by 6.3 percent in the third quarter after contracting 5.7 percent in the previous quarter, estimates from the Ministry of Trade and Industry said.

 

Is Singapore the first Asian country in recession?

yeah, if we exclude new zealand.

damn.. the ruling party must be angry we couldnt get first this time. first in recession in asia, i mean.

well do we have to say more than the cheapo citizens dishing out by govt ministries. loyalty of migrants?

fatigue? i bet most singaporeans that migrate oversea must be very tired also. tired of what? keep guessing.

 

SINGAPORE: Nine months ago, Singapore's No 1 female shuttler Li Li sent shockwaves through the local badminton fraternity when she quit the sport, citing fatigue.

The 2002 Commonwealth Games gold medallist (women’s singles) was a member of Project 0812, a S$7-million government initiative to help athletes achieve medal success at the 2008 Beijing Olympic Games and/or the 2012 London Games.

Since Li Li quit earlier this year, Singapore’s female shuttlers have failed to perform on the international stage.

At the Beijing Games in August, Xing Aiying crashed out of the women’s singles after losing 2-0 to Belarus’ Olga Konon in the round of 64, while Jiang Yanmei and Li Yujia were beaten 2-0 by Korea’s Lee Hyo Jung and Lee Kyung Won in their women’s doubles quarter-final.

Now, the women’s squad have taken another hit.

TODAY understands that shuttlers Zhang Beiwen and Gu Juan left the Singapore Badminton Association (SBA) in April and July, respectively.

The two players, who are both 18 years old, were part of the 10-member youth team — consisting of five boys and five girls — who beat Malaysia to win an historic bronze for Singapore at the 2007 World Junior Championships in New Zealand last October.

Gu was also a member of the silver-medal winning women’s team at last December’s SEA Games in Korat, Thailand.

Where to from here?

According to sources, Gu has returned to China to further her studies, while Zhang’s whereabouts remain unknown.

Graduates of the Foreign Sports Talent Scheme, the two players had received their citizenship in May last year, but quit the sport after disagreements with the women’s singles chief coach, Wang Junjie.

“The athletes felt the coach was only concentrating on Li Li and Aiying, and felt neglected,” an SBA source told Today.

The women’s team will defend their silver medal at the 2009 SEA Games in Laos next year, and reaching the SBA’s target of a finals spot in the 2012 Uber Cup could prove a challenge for the shuttlers.

“I think there will be a vacuum in the succession of players,” added the source.

“They will not be doing as well as the 2007 SEA Games... and unless SBA are able to bring in champions, there is no way they can succeed in both the women’s team and individual events.”

SBA president and Minister of State for Trade and Industry Lee Yi Shyan neither confirmed nor denied the departure of Gu and Zhang when contacted yesterday.

“It suffices to say that SBA attaches great importance to players’ training and development, and building up a pipeline for succession,” said Lee.

“Whenever we are able to recruit strong players to the national team, our team get strengthened. Whenever we lose them or are not able to groom the younger ones in time to take over, our team would not be at the peak.

“Our immediate objective is to prepare for the 2012 Olympics, while taking seriously the SEA Games next year and other key tournaments between now and then to mature our team.”

Despite media reports that Li Li, 25, could return to the SBA at the end of the year, the association could not confirm the news when contacted, stating that it was not SBA’s policy to discuss individual players’ training and selection. - TODAY/sh

see doctor free. medicine must buy at pharmacy.

at least we know the reason why we die.

 

in singapore if no money see doctor, die without knowing why.

 

Even in world recession, because australian homes and cars are cheap and education is free, i believe many can weather the storm. They also have lots of natural resources to fall back on.

Spore leh?  many still slogging to pay the loans for the ever price increasing flats and cars and education. tougher to weather the storm, imho.

partially i agree.

car is cheap.

Home is not cheap. average perth houses are ar AUD400k. unless you have straight cash, you had to take loan at over 8%.

 

education not free. still have to pay. although not as much as singapore.

 

on the otherhand i wouldnt say australia are good.

as the TS has said before, crime rate are pretty awful, racism in certain states are rampant, inflation in the past few years are terrible, where prices such as food and housing are kinda out of control.

 

i would rather focus on our own singapore economy, USA, EU, china, Japan than to worry about aussie issues coz they are still relatively small player in international standard.

 

orhh.. now i understand. but Australia economy is not as fragile as we thought it is. the australia govt are not poor. they have kinda reasonable reserves that is why we can see there ant any currency speculators this time round compare to asian crisis where govt reserves are generally low. the recent drop in aussie currency could be partially due to the recent rate cut and dropping of commodity prices strucking them at the sametime.

 

Australia govt still has bullets such as interest rate cut.

this is just the second rate cut in last few years and at current rate there are more room to cut unless the USA at 1.5%. australia will not have property bust like in USA, because  many ppl are still in rental and have cash to enter the property market once it start to come down and interest rate lower. with the exception of Perth.

 

If you say australia economy is narrower than singapore, maybe less diversify do have its advantages afterall as we are second in asia to slip into technical recession but they had not.

 

therefore i dont think we can judge a country economy solely on the currency performance. in fact it could be a blessing in disguise as it can help to booast exports and attract tourist at a time, when tourist revenue are expected to fall worldwide.

 

 

i think HK has a social welfare system if i am not wrong.

can someone verify it?

 

You guys keep saying money is being stolen from you, i don't dispute that fact, but instead of sitting around and whining on sgforums do something about it, but i'm afraid most of you don't have the balls to. Its as simple as voting the opposition. Go ahead, i'd really like to see what will happen to Singapore when Dr Chee takes over. Stop whining, who gives a shit whether the government is stealing your money or not as long as they're doing a good job. Oh and if you've been to hong kong, you'll know that the  living conditions there are no where near as good as Singapore. the streets are narrow and choked with cars thanks too the lack of ERP. And the air there is smoky. Do you really wanna compare? don't just look at the rich peoples houses, don't forget, many chinese millionaires and movie stars stay there. If you're poor, and you live in Hong Kong, good luck to you cause over there, the government does'nt give a shit about the people

you got HK for holiday or work?

i spent sometime in HK for work. the roads are narrow because HK is mountainous region and it is densely population as compare to singapore dispite singapore being smaller.

 

the roads are narrow and maybe sometime choke with cars not because there are no ERP.it is because, it is peak hours, car is cheap, no COE. and generally there isnt much car park space around.

 

 

The air is smoky depends on wind direction. is the wind blowing from shenzhen, dongguan, then air is smoky and bad. if not, it is generally good. Isnt it the same when the wind start blowing the forest fire smoke from indonesian and can we blame singapore govt?

 

what i can agree is that the public housing condition is generally worse off then singapore. Dont forget the rental housing in singapore has already start to overtake HK generally.

 

 

i just hope the ministers has the dignity to accept pay cuts during the recessions years after claiming credit and pay increment during good years.

 

they have dignity?

If they are in my fourth reich, i make surethey are sent to gas chambers!

 

I also understand the predicament of workers or so called the wage earners, most Singaporeans perhaps 80 percents are wage earners, they tight down at the expense of wages and govt policies. One can never be over committed as a wage earners, however economy lies in the purchasing power of wage earner, if bosses lower their salary, they spend less leading to economy meltdown.

 

Less Salary=Less buying=less demand=less supply=poor business=economy meltdown.

bosses that not care about it economy meltdown. it is tharma job lah.hopefully he can seek divine thru karmasutra.

they just concern how to lower their cost thru, pressuring govt to lower CPF contribution, lower salary cost by employing more FW or pay cuts.

If you want to know what singapore IR will be like. Come Macau.

U can stay in Wynns and venetian. there are lotsa philipinos and chinese nationals working in macau, resturants, hotels, casino.

 

 

most of them are indeed pretty, young and energetic than the locals.

haizz....

if i dont remember wrongly,

in the house of representative.

it is most republicans that oppose the 700billion rescue bill, while democrats mostly vote in favour.

 

all i can say, singapore is not a typical model a democratic society/country. singaporeans itself it also not a typical democratic ppl. most ppl seem to ve living in a my national socialist society.

 

heil hitler!!

 

 

next season F1 will be worse!when the full impact of F1 will start to hit.

singapore is going to lose hundred of millions for next season. when the turn up rate drop, tourist revene down, but hundred of million still need to be spend!

 

I think it time to join national socialist. Coz capitalism just grew corruption and greed!!

 

 

Hike Fuhrer,

 

How can they ask you to be an Usher, it is a total disgrace to our Fourth Reich. We must stand up to our National Socialist Party!!! Revolt!! revolt!! revolt!!

i type wrongly, my relative working in LTA was ask to help in the F1 usher. Not me.

 

Four Reich reputation still intact!!

Heil Hitler!!

 

singapore has indeed been in a technical recession the second in asia after new zealand.

aint LKY and Tharma reasurres us that we are in a good shape? in such a good shape that we are second in asia to be in recession?

 

anyway, watch for next support for STI at 1800. if that cant hold, good luck!.

 

if you think property prices are still going to hold, think again.the property bust will come to singapore sooner than expected. with job losses from banking sector, manufacturing sector, services industry on the rise, thus freezing bonus, increment and salary cut. it wont be long before and exodus of downgraders from Mid tier private  property down back to HDB.

 

hold on to your HDB apartments. so far this is the best bet to hold on.

 

Heil Hitler!!

 

it was so serious that average icelandic ppl has a debt of over USD130,000 to bail out the country financial system.

 

it was the hightest leverage in EU if my source is correct.

i mean explain your pt so that most ppl can understand. conclusion of your pt is?

 

can you explain your pt so that most ppl can explain.

your pt is?

i had been saying since beginning of the season.

Keep mouth shut and your footwork do the talking. he has been saying how he wish to help spurs into the top 4. and beating arsenal in table standing..

 

dreammmm..

 

iceland is the latest casulty of financial meltdown.

 

somehow i am surprise we aint heard anything from Eastern europe yet banks.

 

 

my relative who is working in LTA was ask to help me to become road usher during F1. that how cheapo the the govt has treated its own civil servants.

usher should be done by TP, or members from the organiser who reaps in millions of advertising revenue but asking civil servants to do it FOC.

 

man... F1 can be better use on me.. Fuhrer Nos 1.

 

Heil Mein Fuhrer!!