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GIC and Temasek
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iPunter
Supreme |
12-Jun-2010 20:21
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I firmly believe that there are inumerable undisputed market-savvy talents out there who can do an excellent job in protecting our valuable assets... The only requirement is that the old must make way for the new to show their talents... |
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teeth53
Supreme |
12-Jun-2010 19:56
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2010/06/11/news/economy/david_rosenberg_markets.fortune/index.htm David Rosenberg, chief economist and strategist at Canadian wealth management firm Gluskin Sheff, is an unapologetic bear. He's no perma-bear -- the man was a bullish for most of the 1990s -- but his reading of today's data leaves him no choice but to continue sounding the alarm in the face of those who would have us believe the worst is past. FORTUNE -- Economists, as you have likely heard, are enjoying a bit of a renaissance these days. With a startling new piece of economic news emerging on a near daily basis -- Greece is going under! No, it's Spain! China is in the midst of a housing bubble! China is our savior! -- there's been a surge in demand for those who would purport to tell us what it all means. Here why oldman is out of touch with realities trenchs !!. The markets move in primary trends. Just as in life and with the seasons there are cycles when it comes to investing. It has always been such. From 1948 to 1956, there was a secular bull market. From 1956 to 1982, a secular bear market. Then, and this is what most people remember today, from 1982 to 2000, we had a wonderful secular bull market. You can go back further if you like. The equity market peaked in inflation-adjusted terms in 2000. We had a roughly eighteen-year bull market. And today, we are 60% of the way through a secular bear market. In a secular bull market, corrections are buying opportunities for long-term investors. It's quite clear after the fact that 1987 was one of the best buying opportunities of the last century. Who knew there were thirteen more years to go in the bull run? People who paid attention to history, that's who. The difference in a secular bear market is that rallies are to be rented and not owned. It doesn't mean you can't have them. We have had rallies of 100% since this one began. But you also have wrenching volatility. One final point: In a secular bull market, the equity market does not go to a new low in a recession. In a secular bear market, it does. If you pay attention to the historical record, you can see we're still in the jaws of a secular bear market in equities. Trade accordingly. Is about what he said, This is all part and parcel of the post-bubble credit collapse. The Fed has been aggressively expanding its balance sheet, in the process boosting the monetary base. Ordinarily this would be inflationary, but because banks are not relending that money, it has not been. In fact, overall credit is declining. If and when we embark on the next credit creation cycle -- which is probably many years away -- this monetary inflation will probably result in real inflation. But not until money moves off of bank balance sheets and into the real economy. Here is what We need most. A fresh new "A team" from finance Ministry team to take over from those very oldman kakis and not those in-coporated yes man, with so called armed with so many cert, diploma, degree, master and even Professor titles. |
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teeth53
Supreme |
12-Jun-2010 19:27
Yells: "don't learn through life, learn to grow with life " |
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"Yue Luo Yue Hu Too" GIC has lost it sense of direction. Fengshui can't help. About BP. In good time did not sell, now in bad time. How to sell ?. Time has change and oldman cannot keep up with time. Out of touch with realities, needed to give up his role and time for him to retire. The new team should come from Finance ministry team. Who within six mths came out with job credit scheme, just in time for Singapore parliament session to tackle recession.
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E-war
Veteran |
12-Jun-2010 02:49
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BP that one I'm not gg to blame GIC since couldn't have known. but loss again. where's the old man's fengshui when u need most. | |||||||
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teeth53
Supreme |
11-Jun-2010 21:24
Yells: "don't learn through life, learn to grow with life " |
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Indeed. Prudential has saved themself. Resulted in majorities of share holders pumping up the share price and even happier, respite losting many hundred million of dollars.
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teeth53
Supreme |
11-Jun-2010 21:02
Yells: "don't learn through life, learn to grow with life " |
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富不過三代 (wealth won't last three for (3) generations) and we are closer to the target. Hope not. Wish we don't end up pay more by direct and or indirect taxes. This one following still valid. (US - Lehman, very shocking. Euro PIIGS - not shocking liao.)
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teeth53
Supreme |
11-Jun-2010 20:51
Yells: "don't learn through life, learn to grow with life " |
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This save another round for undertaker - GIC for wanted badly to undetake this right, for which AIG had confirmed US$30 B is too low. Hope U all know what I mean. For it mean GIC must even sell much more expensive. AIG is planning to IPO off AIA in asian bourses, for now hopefully with this 2nd chance, they really must do alot more home work to make back some lost billions. GISick oldman, time has change, a change of guards will help, especially from the finance ministry team who is indeed came out with job credit scheme within a short term. and not this current team who is managing all oversea portfolios alooloo ( Date: 11-Jun-2010 14:58) Posted:
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teeth53
Supreme |
11-Jun-2010 20:26
Yells: "don't learn through life, learn to grow with life " |
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Like that - Die liao lahh.........Temasick, S$58 billion as good as gone case liao. GIsick - very sickman liao, with our late Dr Goh is gone, just wondering who is next to manage ?. 5:37am: With 8 deepwater production systems in the Gulf of Mexico, the company leads the race to develop oil wells at depths of more than 10,000 feet. More
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alooloo
Veteran |
11-Jun-2010 14:58
Yells: "I am not young enough to know everything. " |
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富不過三代 (wealth won't last 3 gen) think Singapore is well on track to comply to this...
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teeth53
Supreme |
11-Jun-2010 14:52
Yells: "don't learn through life, learn to grow with life " |
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Just for info sharing. OIL giant BP's ongoing share price slide is knocking Singapore's publicly-traded investments. The Government of Singapore Investment Corporation's (GIC) shareholding in the company could have lost US$540 million (S$760 million) in value since May 1 as a result of the fallout from the Gulf of Mexico oil spillage. This figure is based on Bloomberg data which shows that, as of May 1, GIC had 200.4 million shares in the British company worth around US$1.68 billion. It also assumes GIC has not bought or sold any more BP shares from that date until now. |
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teeth53
Supreme |
07-Jun-2010 18:06
Yells: "don't learn through life, learn to grow with life " |
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http://sg.news.yahoo.com/ap/20100607/tbs-world-markets-f8250da.html Selling spread in Asia on fears that Europe's debt problems could spread after Hungarian officials said last week the nation was at risk of a Greek-style fiscal crisis. Problem seems like a cancerous thing _ it's spreading from smaller country to smaller country, will spread to a big country like France or Germany ?, although that's unlikely," Asian mkts were also knocked down by disappointing U.S. jobs data. The U.S. govt's May jobs report showed (Fri) U.S. economy created 432,000 jobs last mth, far fewer than expected 513,000. Most jobs were temporary hiring by the govt for the U.S. census. Resulted underlined, US economic recovery is not yet picking up the momentum that investors have been looking for. The Dow Jones industrial average plunged Friday 3.2 percent to 9,931.97. teeth53 thot - It will be in the interest for GIC and Temasick to IPO off AIA in Asian bourses and will be the biggest for SGX listed, even bigger then Singtel. then again big SWF funded will need to combine with others big fish as well to make it very successful. So ipo prices may not be that cheap nor too expensive. One thing for sure is their managers book making effort to attract key SWF to attract, a good response will define the defination to be very successful launch. |
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E-war
Veteran |
05-Jun-2010 08:14
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ok, now for AIA then. haha... | |||||||
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teeth53
Supreme |
03-Jun-2010 22:24
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot: This 2nd chance for GIC & Temasick to assist AIG IPO-ing it for SGX / HK bourses. http://sg.news.yahoo.com/afp/20100602/tbs-britain-us-hongkong-insurance-takeov-2486404.html Prudential said. The collapsed deal cost Prudential some 450 million pounds (540 million euros, 660 million dollars), including a break-fee of more than 152 million pounds. "He nearly bought an expensive grenade. It did not go off -- but he has been singed with over 450 million pounds of costs," Urquhart-Stewart told AFP. |
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teeth53
Supreme |
30-May-2010 10:28
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot - that spell shit for undertaker -GIC is really sick oldman. with this confirmation from the dept of US Treasury. AIG won't lower US$35.5 billion price tag for AIA» AIA: US$30 billion too low |
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teeth53
Supreme |
29-May-2010 17:47
Yells: "don't learn through life, learn to grow with life " |
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If needed alot more money after loossing so much, now need bond sales, this idea for losses incur by the old guards and their kakis and will we be supplmenting and see increasing in tax ? & plus GST 7% to offset those losses (directly and indirectly), finally they will be marketing off to public some of the more profitable companies. Just like Prudential PLC try to buy AIA from it parent AIG and landed more then they can chew. GIC now wanted badly to under write this right issue when others may not want. Just sharing my thot |
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E-war
Veteran |
29-May-2010 13:56
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It's basically to keep everything in the family. Heard that plum positions in other gov institutions also go to the extended family, to people who r not really unusually talented or something.
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teeth53
Supreme |
28-May-2010 19:18
Yells: "don't learn through life, learn to grow with life " |
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And think of it. With so many good, bad and ugly companies, all listed in SGX/STI, should be the right man for the right job. What can SGX do after leaving those messes for the bigger stage ?. SIA and Singtel new guard has taken over from old guard is even better, eg - Singtel CEO, She is doing a fine job after taken over from Mr Lee SY, so is Mr Peter Seah DBS Grp Holding Chief, Capital land Grp is in good hand. Unlike Keepel Corp. Actually. We has another Mr Goh, but that will had to depend on d oldman, his son and maybe his daughter-in-law, for he mentioned "U are not my no-one", to prop up a few "Yue Luo Yue Hu Too". We has to live with it this generation. |
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teeth53
Supreme |
28-May-2010 18:24
Yells: "don't learn through life, learn to grow with life " |
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and this......teeth53 thot - Where will they Prudential, will to get their hands on those money to pay ?. Was thinking it has to help themself or trying to save themself ??. meanwhile Just wondering GIC is GISick or not ? and or Temasek is Temasick is invlove or not ??. I am pretty sure they do, then is shit liao. another short term for long term story. And this...... Hope. U know what i mean for reading here. the same flock and she (PM wife), he is as Adviser and President of Temasick holding. She flocking to Temasick, so is he, seeking pot of gold. Posted 20 Feb, 2010-teeth53: Was thinking about Temasick Holding offering bonds and this Trouble here is...YES..the rest cannot say NO and if...A big if we depend just on one man, then we are dead liao...luck is with us as we still has a as many top talented 1st class rated (some retrired, afew is gone) running outside of the inner circle...to prop up a few "Yue Luo Yue Hu Too" type and this.....He needed badly Dr GKW around, but alas....is belate only. All the following needed him badly...I can only see S'pore w/o him going slowly into a melting golden pot. 28-Apr-2010 21:05 The world financial community is watching our dear Singaporean SWF, is important to us, for we do not want to becoming a 2nd Greek heavyly in debt. |
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teeth53
Supreme |
28-May-2010 17:56
Yells: "don't learn through life, learn to grow with life " |
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http://www.channelnewsasia.com/stories/afp_world_business/view/1059517/1/.html Prudential in bid to cut price of AIA mega-deal from US$35.5B to US$30B Prudential seeks to lower cost of AIA teeth53 thot - those interested can buy at much lower price, who in this world has this kind of right mind to underwrite this losses for over the long term ?. Better recall back late Dr GKS. He can sure be under taker for this right issue with his skill and much flaw to look out...look like we got alot of money to loss. GIC is really a GIsick oldman liao with all top d yesman chea Sai (Shit). Singapore's GIC, Qatar to underwrite
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teeth53
Supreme |
28-May-2010 14:31
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot- Who in the right mind to buy. Err maybe GIsick and from Temasick will. Just wondering. A smaller fish has just gulp, a bigger fish, then is shit liao. http://www.channelnewsasia.com/stories/afp_world_business/view/1059517/1/.html British insurance giant Prudential is trying to negotiate down the 35.5-billion-dollar price of its planned takeover of Asian insurer AIA in a bid to win over investors, the Financial Times. It has asked investors opposed to the deal whether a reduced price tag would win their favour in an effort to avoid a "no" vote on the takeover, citing people familiar with the situation. It now hopes to cut cost to as low as 30 billion US dollars (24 billion euros, 21 billion pounds), according to the FT. The monster buyout of the AIA from American International Group (AIG) has been criticised by some institutional investors who are warning they will try to block it Prudential needs 75% approval from its shareholders at - June 7 meeting to proceed with the deal. The AIG board and the United States government have not decided whether to accept a lower price or scrap the deal and go back to an initial plan of listing AIA in Hong Kong, said the FT, citing people close to the situation. "There is less than a 50/50 chance that the deal with Pru gets done," said a person familiar with..... Prudential in bid to cut price of AIA mega-deal (teeth53 thot - going back on it words) |
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