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Why Singapore govt dig into our reserve
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nickyng
Supreme |
19-Jan-2009 12:35
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dig into reserve ??? hmm...tricky qn...is it due to Merilyn + UBS + Australia edu co. bankruptcy + CITIBANK = US$25b paperloss or eventual "realised" loss the reason ??? oops....ok to be fair in comparision.... we sold 3x Power Generation house = 2 + 3 + 2 = US$8b so Net loss = US$25b - US$8b = US$17b !!! <-- is this the reason ?!??! :P will pls someone correct me if i am wrong ??? :) |
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DnApeh
Master |
19-Jan-2009 10:02
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big E comimg? | ||
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dcang84
Veteran |
19-Jan-2009 09:45
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Thee is a limit to deficit spending and I reckon there is no silver bullet for the economic malaise. I think the budget will aim at creating and preserving jobs, help defray business cost and in short cushion the impact of the economic fallout. Perhaps they should look at how Ireland is handling the crisis. | ||
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AK_Francis
Supreme |
19-Jan-2009 09:43
Yells: "Happy go lucky, cheers." |
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Been seeing increasing old people on wheel chairs at AK areas. Reduce maid revvy, increases medical subsidies for the poor and reduces HDB rental rate, one room flat, for d lonely n needy. |
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tinpeng
Member |
19-Jan-2009 09:13
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Hi... I agree with you. When times are bad, increase in govt spending is necessary to promote economic growth... Hence a budget deficit is necessary. But Singapore Govt could have no choice. If unemployment is too high, there will be social unrest and can lead to an increase in crime rates... coz the basic needs of an individual are not met.... And when u so much social unrest... foreign investors will pull out... making the situation worse.. Hence i feel it is important for the singapore govt to create and save as many jobs as possible..
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nextdoor
Senior |
18-Jan-2009 23:34
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I want to add, if our govt is digging into our reserve, it MUST be something very bad coming our way! When retrenchement kicks in, HDB prices starts\ to fall, unemployment start to rise, Sing dollar starts to fall...and so on...many will be affected..for a long time! | ||
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nextdoor
Senior |
18-Jan-2009 23:19
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Because they are seeing what we don't? Any insight? This is real... 
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