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A big one, from Bill Gates himself said. No depression, no major recession. "it looks like the economy may go down somewhat (not can or will go down), but only may go down somewhat, nothing like a big recession or a depression. He added.
teeth53 tot: He is in deed worry more or less that his business, along with big boys like Dell, HP and so will be useing less of his products as less ppl's got $$$ for his big tickets items.
teeth53 ( Date: 05-Oct-2008 08:20) Posted:
Living in denial, yet again and again...Just human...Ya
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Fallen on deaf ear....19-Mar-2008 Straits Times Index / STI to cross 3000 boosted by long-term investors (Cut n paste from SJ Forum).
Third Phase..Credit cruching , expecting to see a few more Sub-Prime woes victims. ( )..so far, more of this is coming....
I am very patience, awaiting for those news..... |
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Watch Oil movement, price fall by more then 2%, goes below US$92/- per barrel...
The truth is out there, yet to be seen...since a year has passed. Posted: 20-Jul-2008 21:14.
STI to cross 3000 boosted by long-term investors (Cut n paste from SJ Forum). 1st credit issue
, then credit squeeze
, next credit crunches
, what next ?
, credit melt.......
Cash is king....Hmm
Scary mind.
teeth53 tot: just sharing info.
http://www.time.com/time/business/article/0,8599,1846450,00.html
Anyone who dThe bursting of the debt-fueled property bubble and the crippling losses suffered by banks, together with the political dithering of recent days, have set in motion a chain reaction that, in the worst-case scenario, could lead to something like a 21st century version of the Depression — even if a bailout package does eventually get approved. . On an annualized basis, real retail sales and industrial production are both declining. Unemployment is already at its highest level in five years. The question is whether we're headed for a short, relatively mild recession like that of 2001 — or a latter-day version of what the world went through in the 1930s: Depression 2.0.
The U.S. —
not to mention Western Europe — is in the grip of a downward spiral that financial experts call deleveraging. Having accumulated debts beyond what's sustainable, households and financial institutions are being forced to reduce them. The pressure to do so results from a decline in the price of the assets they bought with the money they borrowed. It's a vicious feedback loop. When families and banks tip into bankruptcy, more assets get dumped on the market, driving prices down further and necessitating more deleveraging. This process now has so much momentum that even $700 billion in taxpayers' money may not suffice to stop it.
Anyone who doubts that the U.S. is heading for recession is living in denial
The Historical ParallelsWe tend to think of the Depression as having been triggered by the stock-market crash of 1929. The Wall Street crash is conventionally said to have begun on "Black Thursday" — Oct. 24, 1929, when the Dow Jones industrial average declined 2% — though in fact the market had been slipping since early September. On "Black Monday" (Oct. 28), it plunged 13%, the next day a further 12%. Over the next three years, the U.S. stock market declined a staggering 89%, reaching its nadir in July 1932. The index did not regain its 1929 peak until 1954.
It is going to prolong (woes that oredi last us a year liao) Here it did not pronounce what those many chiefs is going to do about it, instead it prop up it system for year to come, to protect it value that it all ailing, when US Amercia cough...many states cough too. Poorer nations suffer in silent
teeth53 ( Date: 04-Oct-2008 21:58) Posted:
In a FIX...US is facing deeper into prolong recession w/o fixing it own financial system by successfully passing a bailout plan value at US$700 Billion. There is still lingering doubt..No doubt about it, it take several years to restructure it very own financial system even if it wanted to do it faithfully as US Amercia is a very big ship, more bad news coming before it can make good it promises, so more good promises coming. Only way is sell into strength. keep more cash this year.
teeth tot: just sharing my own personnal opinion.
Special Report Energy Fix
Oil drifts down after House vote on Concerns about falling demand persist as investors mull bailout impact. |
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For all your oil news..happening in US...Special Report Energy Fix
http://money.cnn.com/news/specials/gasprices/index.html
teeth53 ( Date: 04-Oct-2008 21:58) Posted:
In a FIX...US is facing deeper into prolong recession w/o fixing it own financial system by successfully passing a bailout plan value at US$700 Billion. There is still lingering doubt..No doubt about it, it take several years to restructure it very own financial system even if it wanted to do it faithfully as US Amercia is a very big ship, more bad news coming before it can make good it promises, so more good promises coming. Only way is sell into strength. keep more cash this year.
teeth tot: just sharing my own personnal opinion.
Special Report Energy Fix
Oil drifts down after House vote on Concerns about falling demand persist as investors mull bailout impact. |
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In a FIX...US is facing deeper into prolong recession w/o fixing it own financial system by successfully passing a bailout plan value at US$700 Billion. There is still lingering doubt..
No doubt about it, it take several years to restructure it very own financial system even if it wanted to do it faithfully as US Amercia is a very big ship, more bad news coming before it can make good it promises, so more good promises coming. Only way is sell into strength. keep more cash this year.
teeth tot: just sharing my own personnal opinion.
Special Report Energy Fix
Oil drifts down after House vote on Concerns about falling demand persist as investors mull bailout impact.
In all good faith...Director, Corporate Communations. Energy Market Authority (EMA) did explains it spike on fuel oil, natural gas & it electricaity charges. Sat, Oct 4, 2008 ST paper (forum-page-A36)
Me think (alternate view) end of the day it will be alot more money to shares holder value and it Directors and also more then enuff to cover staffs salary and operating cost.....Ya. So a very negative reflection, it will effectively increases imposed on majority on higher cost of living standard for this 4th Q, and a very well regulated none option choice that everyone got to pay for it.
I believe some may not afford to pay more for those poorer citizens when those bills reach them this 4th Q (Oct - Dec 2008).
However spreading out those bills to all it citizen. Is this the only option ?, is there a better way to market increases every quarter, to soften the impact of "tariff hike goes against common sense" on the revision in the electricity tariff, a more common sense idea approach to sell it tariff increases (none option) to all general public and it citizens need to be more elaborated...Just borrowing a recently happened incident (an idea) why M'sia suddenly increases it oil pump prices by more then 40% that caused stress and un-happiness among it. Agree nation cannot subsidies...
No element of surprises, Please, in good faith. Hope there's will, there is a better way for all of us..
With Best Regards
teeth53 ( Date: 03-Oct-2008 18:09) Posted:
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Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. Personnally do not understand this whole concept of tapping more money from us to cover their (more) profit and also leveling into a very, very wrong idea, wrong timing and wrong move.
teeth53 ( Date: 30-Sep-2008 20:05) Posted:
| Our electricity bill is not coming down, but going up by 21% ++ for this Q. Oct-Dec 2008. Bad news....Ya. Working on US155 per barrel. Make no sense, will be hitting alot more into poor ppl's pocket while giving us back some $$$ called WIS. Mostly into CPF a/c |
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i believe the oil price will head south.... but not to that level of $50 or $40.... i sure those oil producers will not let them drop too much..... making 2 to 3 times the profits with the same thing ..why not...
the prediction of stocks and oil prices is no longer accurate in this unprecedented world...in this kinda of situation...just when u think it will go up...it goes down...vice versa
If my memory serves me right, around year 2004, I received a report from a analyst forecasting oil price would reach US$40. It was a totally wrong call. Now this same famous analyst is forecasting oil price to fall to US$50 by next year. Demand for oil may drop but till now there has not been a real alternative fuel yet that has gone out in a big way.
Another word. He win some, he can also lost some, just like us. He is into $ Billion while us, is into $ ten or hundred of Thousand. (
WATCH oil movement...Y i indicated, co's US is moving closer to deeper recession which can cause oil to move downward as demand drop, so generally stock prices can fall as well...volatile in nature for certain counters).
teeth53 ( Date: 03-Oct-2008 18:28) Posted:
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Tee tot: Bailout plan, successful or not. US is moving / edging more toward deeping recession (WATCH oil movement). Move on Goldman Sachs...right move (5Bil), move on GE (3Bil)...don't seem right...as Buffett support fails to lift GE
Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. (WATCH oil movement)
Since the credit crisis started, Buffett has made a $5 billion investment in Goldman Sachs (GS, Fortune 500) and a $3 billion investment in General Electric (GE, Fortune 500).
teeth53 ( Date: 03-Oct-2008 18:11) Posted:
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Another tax payers $$$ goes into making more profit for Sing Power.....and year end declare very good profit with very good dividend to....Who?.YA..Share holders and Director.
teeth53 ( Date: 03-Oct-2008 18:09) Posted:
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Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. Personnally do not understand this whole concept of tapping more money from us to cover their (more) profit and also leveling into a very, very wrong idea, wrong timing and wrong move.
teeth53 ( Date: 30-Sep-2008 20:05) Posted:
| Our electricity bill is not coming down, but going up by 21% ++ for this Q. Oct-Dec 2008. Bad news....Ya. Working on US155 per barrel. Make no sense, will be hitting alot more into poor ppl's pocket while giving us back some $$$ called WIS. Mostly into CPF a/c |
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Meanwhile he's making bold dream...Which is which?. <$50/- , under $68/-, under $75/- or <$90/-
http://money.cnn.com/2008/10/01/news/economy/rainwater_okeefe.fortune/index.htm
NEW YORK (Fortune) -- Back in May, when oil was at $129 per barrel and rising, billionaire investor Richard Rainwater did something as prescient as it was shocking: He sold off all the energy stocks he owned.
Now he's making another bold move: He's betting on oil again.
A few weeks ago, when the price of oil tested a low near $90 per barrel for the first time in many months, Rainwater decided that he had found the right reentry point. "I reinvested back in the oil business, and it's worked out really well for me," he told me the other day. "I bought Exxon (XOM, Fortune 500) stock under $75. I bought ConocoPhillips (COP, Fortune 500) under $68. I bought Pioneer Natural Resources (PXD) under $50. I bought BP (BP). I bought Statoil. I made a big bet on the sector. I bought a lot of stocks back."
teeth53 ( Date: 03-Oct-2008 18:28) Posted:
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Tee tot: Bailout plan, successful or not. US is moving / edging more toward deeping recession (WATCH oil movement). Move on Goldman Sachs...right move (5Bil), move on GE (3Bil)...don't seem right...as Buffett support fails to lift GE
Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. (WATCH oil movement)
Since the credit crisis started, Buffett has made a $5 billion investment in Goldman Sachs (GS, Fortune 500) and a $3 billion investment in General Electric (GE, Fortune 500).
teeth53 ( Date: 03-Oct-2008 18:11) Posted:
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Tee tot: Bailout plan, successful or not. US is moving / edging more toward deeping recession (WATCH oil movement). Move on Goldman Sachs...right move (5Bil), move on GE (3Bil)...don't seem right...as Buffett support fails to lift GE
Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. (WATCH oil movement)
Since the credit crisis started, Buffett has made a $5 billion investment in Goldman Sachs (GS, Fortune 500) and a $3 billion investment in General Electric (GE, Fortune 500).
teeth53 ( Date: 03-Oct-2008 18:11) Posted:
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http://money.cnn.com/2008/10/03/markets/oil_prices_ap.ap/index.htm?postversion=2008100305
Oil prices steady above $93/-. Crude prices stabilized around $93 a barrel, a day after tumbling nearly $5 amid jitters over the bailout and the economy.
Light, sweet crude for November delivery was down 35 cents to $93.62 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. Prices fell overnight $4.56 to settle at $93.97 a barrel, the lowest level since Sept. 16. Personnally do not understand this whole concept of tapping more money from us to cover their (more) profit and also leveling into a very, very wrong idea, wrong timing and wrong move.
teeth53 ( Date: 30-Sep-2008 20:05) Posted:
Our electricity bill is not coming down, but going up by 21% ++ for this Q. Oct-Dec 2008. Bad news....Ya. Working on US155 per barrel. Make no sense, will be hitting alot more into poor ppl's pocket while giving us back some $$$ called WIS. Mostly into CPF a/c.
teeth53 ( Date: 30-Sep-2008 20:00) Posted:
| Ya...Oil..hmm...this one, a good news
Light, sweet crude for November delivery was down 81 cents to $95.55 a barrel in electronic trading on the New York Mercantile Exchange by mid afternoon in Singapore.
Oil prices plunged $10.52 to settle at $96.36 a barrel Monday amid worries that the financial crisis would drag on global growth and demand for oil.
That was the second-largest drop in dollar terms and the biggest percentage-wise since 2001. In the last seven drays, crude has now fallen almost $25, or 20%. |
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What a slap on our PM face.Sin Power dun give face to Mr Lee sia, the day he give us $, Sing power increase our bills!
If US bailout plan had been approved, oil price would have shot up. But as the bailout plan failed, it dropped drastically
Our electricity bill is not coming down, but
going up by 21% ++ for this Q. Oct-Dec 2008. Bad news....Ya. Working on US155 per barrel. Make no sense, will be hitting alot more into poor ppl's pocket while giving us back some $$$ called WIS. Mostly into CPF a/c.
teeth53 ( Date: 30-Sep-2008 20:00) Posted:
| Ya...Oil..hmm...this one, a good news
Light, sweet crude for November delivery was down 81 cents to $95.55 a barrel in electronic trading on the New York Mercantile Exchange by mid afternoon in Singapore.
Oil prices plunged $10.52 to settle at $96.36 a barrel Monday amid worries that the financial crisis would drag on global growth and demand for oil.
That was the second-largest drop in dollar terms and the biggest percentage-wise since 2001. In the last seven drays, crude has now fallen almost $25, or 20%.
pikachu ( Date: 15-Sep-2008 11:18) Posted:
Oil at US$101 now.
I think it will come down below $100 very soon. There is global recession and demand for energy will fall.
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