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Posted without comments. From today’s BT “GIC recognises big loss in US property project”The Government of Singapore Investment Corp (GIC) has written down most of its US$675 million investment in a giant New York apartment complex that was bought at the height of the property boom in the United States but which has since suffered ...
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First, the end of the world as we know it. Now, Yuan devaluation and China’s coming trade deficits! (you heard right: China trade DEFICITS). Has SocGen suddenly gone into bear raid mode, and are preparing to take on Goldman Sachs et al?Here’s what Albert Edwards of SocGen had to say about why China will devalue ...
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Isn’t China ‘our’ friend? ‘Our’ economic miracle? ‘Our’ photo opportunity to band together as comrades to show US and the West the proverbial Chink middle finger?Then why did MM Lee, in a move guaranteed to help every Chinese flame forum achieve nuclear critical mass, make the following statement during the US-Asean Business …
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No one following the blatherings of our insipid little blog of the last couple of years will be the least bit surprised by the latest statement from an ex-IRS Repo man, who states what every private banking RM has known … Continue reading →
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Portugal is so 24 November 2010. If you want to predict where the EU and Euro will end up, all you have to do is watch the biggest domino amongst the PIIGS: Spain. Here’s Gonzalo Lira with his take on … Continue reading →
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An old hack who has perhaps seen too much, drunk too much, and felt too much, John Pilger, in his latest post, states very clearly what many people who pay their taxes dutifully are beginning to realize: that no matter … Continue reading →
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In case you’ve bought into the hopium dispensed daily by the American leaders (and its paid-for-TV-brochure s), here’s a nice little blog for balance, which aims to put into pictures what can’t be described in words (I’ve always found that the … Continue reading →
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The Thai Baht/SET bailout continues apace. In order to save Thailand from breaking up, the Abhisit administration has now decided to clean the streets of the nonsense-spouting rural vermin that have infested the pristine, economic-value-gener ating streets around Nana Plaza. Keep your camera phones handy for scenes of slaughter – women, children and foreigners included …
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We’re now hearing the ongoing BP-sponsored catastrophe (yes, it’s a catastrophe that belongs to BP, no matter how hard BP lawyers and spin doctors may say otherwise) is lurching from fiasco (asking coastal businesses not to sue so as not affect a capped compensation) to fiasco (considering plugging up the hole with a garbage shot ...
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Nothing inherently political or economical about this article from the Independent, yet inextricably linked to the control systems in our world today. You can consider this either as a useful article that delivers illumination, or a Monday funny, or a highly offensive post that deserves to be reported to the Straits Times forum immediately. From ...
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Ambrose Evans-Pritchard of the Telegraph seems to think so. According to him, the Chinese politburo – like the Iranian Ayatollahs, the inbreds from North Korea, the Okinawans, and more recently, the Mexican drug lords – are acting on the basic assumption that Obama’s spine is as stiff as mee kia that’s been dipped in boiling ...
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Citizens around the world barely trust their respective governments to keep roads free of litter, public toilets clean, petty crime from happening, streetlamps working, and gum from clogging up escalators. And I’m pretty sure that this is true of China, just as much as it would be anywhere else – from 1st world to 3rd ...
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Ah, the smell of newly minted flyers in the air. Nothing quite like it to start Monday morning off, downed with a generous helping of coffee and pepto. Never mind that:- The STI has gone up by 100.6% (in cheque writing terms: One Hundred Point Six Percent) since it’s low in March- Singapore is entirely ...
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Since there's been so much fuss the #OWS movement in various cities across the US, we thought it might be timely to remind our readers about whether we ought to be filling our kids' heads with aspirational stories of how bankers helped cure cancer, or saved babies from burning buildings (in the hopes that our kids will become IBs and be our meal ticket for the rest of our …
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It’s hard not to admire the effectiveness of the management at Sino Techfibre in dealing with “regulatory 221; reporting requirements by SGX. Nothing beats the cleansing power of a good old fashioned office fire: best of all, it’s covered by insurance … Continue reading →
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Another news article from the category of “You can’t make this shit up”. According to government-approved sources in China, sell recommendations can now be considered an act of financial terrorism that has the potential to disrupt the fabric of society … Continue reading →
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More bling to Singapore. JP Morgan announces that it’s opening a gold vault in Singapore’s Freeport area, in order to provide well-heeled Goldfinger clients with the ability to diversify their gold holdings away from the sweaty hands of the US … Continue reading →
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