https://sg.news.yahoo.com/singapore-armoured-vehicles-still-impounded-hong-kong-authorities-062118592.html
The length of impoundment will indicate how angry China is with SG for our role in supporting USA to contain China. China no longer believes in what we say but rather what we do. We can say pro-China remarks now but China won't trust SG anymore. We have to walk our talk now for China to believe in SG because China no longer treats SG as a Chinese nation. Without this chinese emotional tie, things will be tough moving forward.
Wednesday, January 4, 2017
South Korea ruling party is still adamant about THAAD installation.
https://sg.news.yahoo.com/korea-vows-us-missile-system-opposition-lawmakers-head-063749858.html
South Korea economy will continue to languish because of its obstinacy to side with USA. THAAD will NOT be able to defend against North Korea mobile rockets launchers which are low attitudes weapons. North Korea has more than 10,000 such rockets which the THAAD cannot defend against. Therefore, USA should stop lying about its ulterior motive of THAAD and treat everyone like idiots.
South Korea economy will continue to languish because of its obstinacy to side with USA. THAAD will NOT be able to defend against North Korea mobile rockets launchers which are low attitudes weapons. North Korea has more than 10,000 such rockets which the THAAD cannot defend against. Therefore, USA should stop lying about its ulterior motive of THAAD and treat everyone like idiots.
Tuesday, January 3, 2017
There is no turning back for Singapore anymore.
https://www.bloomberg.com/news/articles/2017-01-03/china-starts-freight-train-to-london-as-xi-promotes-trade-ties
China is using land freights to replace or reduce sea freights through Singapore. Even if we were to kowtow to China, it wouldn't change anything as China had invested a huge sum of money for the one-belt-one-road economic developments.
This year will be the harbinger for more bad economic growth for Singapore because China is trying to cripple our economy for our support with USA to contain China. This is the price we will be paying and our future generations will suffer because of our mistake.
China is using land freights to replace or reduce sea freights through Singapore. Even if we were to kowtow to China, it wouldn't change anything as China had invested a huge sum of money for the one-belt-one-road economic developments.
This year will be the harbinger for more bad economic growth for Singapore because China is trying to cripple our economy for our support with USA to contain China. This is the price we will be paying and our future generations will suffer because of our mistake.
Japan stock index (Nikkei 225) has more upsides! - Part 2
Current futures = 19080 (last closing)
Expected futures = 19600
Date from 2 Jan 17 to 10 Mar 17 = 67 days
Upside deviation for Dec 2016= 1.45%
Downside deviation for Dec 2016 = -1.32%
Risk-free rate = 2.45% as of 30 December 16
As Nikkei has risen more than 1000 points from our buy call, it has shown that Nikkei has digested all the exigent circumstances like Brexit and Trump victory. Therefore, the past data will no longer have any bearing on the future and we’ll only use December 2016 for our data analysis.
After inputing all the above parameters, binomial probability for upside is 63.9% and downside is 36.1%. Therefore, if the fundamental factors like yen weaknesses and interest rate rises do not change, Nikkei will continue to rise further.
Part 1.
http://sg-stock.blogspot.sg/2016/12/japan-stock-index-nikkei-225-has-more.html
China refuses to grant South Korea air rights.
http://www.businesstimes.com.sg/transport/south-korea-considers-%E2%80%9Cmeasures%E2%80%9D-as-china-blocks-charter-flights
This is expected when South Korea tried to install THAAD defence system. When you tried to hurt my country, I won't do business with you. This is a basic principle that is present everywhere.
Indonesia also does the same thing by blocking JP Morgan.
http://www.businesstimes.com.sg/government-economy/indonesia-ends-jpmorgan-partnerships-on-downgrade-okezone-says
This is expected when South Korea tried to install THAAD defence system. When you tried to hurt my country, I won't do business with you. This is a basic principle that is present everywhere.
Indonesia also does the same thing by blocking JP Morgan.
http://www.businesstimes.com.sg/government-economy/indonesia-ends-jpmorgan-partnerships-on-downgrade-okezone-says
Sunday, January 1, 2017
Saturday, December 31, 2016
USA has lost leadership and influence in Middle East.
https://www.yahoo.com/news/russia-announces-ceasefire-syria-midnight-125712235.html
Russia has brokered the ceasefire pact in Syria without USA involvement. This shows that Russia has managed to prove its true mettle and influence in Middle East.
Russia has brokered the ceasefire pact in Syria without USA involvement. This shows that Russia has managed to prove its true mettle and influence in Middle East.
US rig count - 658
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 658.
A year ago, 698 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rebounding in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 525 rigs sought oil and 132 explored for natural gas this week. One was listed as miscellaneous.
Texas gained three rigs, Oklahoma added two and New Mexico and North Dakota were up one each.
Kansas declined by one rig.
Alaska, Arkansas, California, Colorado, Louisiana, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
Friday, December 30, 2016
Singapore first casualty in the expected economic slump.
https://sg.finance.yahoo.com/news/singapore-inchcape-sack-120-workers-074155097.html
If you have read our previous postings, you will know that we're less sanguine about our economic growth because of China containment for Singapore economic growth which is leading to lesser sea freight demands and diminishing port volumes.
If you have read our previous postings, you will know that we're less sanguine about our economic growth because of China containment for Singapore economic growth which is leading to lesser sea freight demands and diminishing port volumes.
Thursday, December 29, 2016
USA is nothing but a troublemaker!
https://sg.news.yahoo.com/philippines-duterte-calls-u-envoys-spies-over-alleged-125215301.html
USA is a troublemaker wherever it is present. Just look at Syria, Iraq, Afganistan, Palestine, Turkey, South Korea, Philippines and South China Sea. No wonder it is losing support and getting alienated in Asia.
USA is a troublemaker wherever it is present. Just look at Syria, Iraq, Afganistan, Palestine, Turkey, South Korea, Philippines and South China Sea. No wonder it is losing support and getting alienated in Asia.
USA has been supporting and grooming terrorists in Middle East.
https://sg.news.yahoo.com/turkey-insists-us-provided-weapons-kurdish-militia-102217736.html
It's a known fact to political scientists that USA created terrorists in the Middle East. Therefore, it's not surprising that Turkey is accusing USA of supporting terrorists. USA abandoned the terrorists when it couldn't control them anymore, just like USA abandoned Israel in UN.
USA is known to be an unreliable partner and ally and we should stay away from USA.
It's a known fact to political scientists that USA created terrorists in the Middle East. Therefore, it's not surprising that Turkey is accusing USA of supporting terrorists. USA abandoned the terrorists when it couldn't control them anymore, just like USA abandoned Israel in UN.
USA is known to be an unreliable partner and ally and we should stay away from USA.
Wednesday, December 28, 2016
Israel is the aggressor against Palestine.
http://edition.cnn.com/2016/12/23/politics/israel-official-rips-obama-un-settlements/
South Korea takes on a different view of USA now!
https://sg.news.yahoo.com/south-korea-regulator-fines-qualcomm-854-million-violating-030451385--finance.html
After the impeachment of President Park, South Korea is getting anti-USA because USA messed up South Korea with THAAD defence system installation.
South Korea is getting tough with USA to appease its citizens and China. This is the reason for such a gargantuan fine.
After the impeachment of President Park, South Korea is getting anti-USA because USA messed up South Korea with THAAD defence system installation.
South Korea is getting tough with USA to appease its citizens and China. This is the reason for such a gargantuan fine.
Tuesday, December 27, 2016
The importance of China naval drill.
https://sg.news.yahoo.com/taiwan-says-chinese-carrier-heading-towards-hainan-024228649.html
China naval drill has 2 significant importance. First, it is sending a message to Taiwan that it can attack Taiwan from the East and West. Second, it is telling the USA implicitly that it is capable of breaching the first line of containment. It will be before long that China can also breach the 2nd line of containment at Guam.
China is currently developing another 3 aircraft carriers for South China Sea. By then, China can no longer be contained by USA in South China Sea.
China naval drill has 2 significant importance. First, it is sending a message to Taiwan that it can attack Taiwan from the East and West. Second, it is telling the USA implicitly that it is capable of breaching the first line of containment. It will be before long that China can also breach the 2nd line of containment at Guam.
China is currently developing another 3 aircraft carriers for South China Sea. By then, China can no longer be contained by USA in South China Sea.
Saturday, December 24, 2016
Baltic dry index - 961
Today, Friday, December 23 2016, the Baltic Dry Index climbed by 33 points, reaching 961 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 653
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 16 this week to 653.
A year ago, 700 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 523 rigs sought oil and 129 explored for natural gas this week. One was listed as miscellaneous.
Oklahoma gained six rigs, Texas gained four, Alaska increased by three and Colorado, Louisiana, New Mexico, North Dakota, Ohio, Pennsylvania and Wyoming each added one.
West Virginia declined by two and Arkansas lost one.
California, Kansas and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
Friday, December 23, 2016
The new economy and radical social structure in the year 20XX.
We are facing an industrial revolution whereby robotic and artificial intelligence (AI) technologies will overtake the world that will create an entirely different economy and new social structure that we have not envisaged in our existing society.
Many “dark factories” without human involvements will start popping up in the new economy under this industrial revolution to cater to market demands. These dark factories will operate under darkness because robotic devices and AI machines can produce goods and services 24 hours daily more efficiently and effectively than humans. Furthermore, driverless mobility units will be plying the road, sea and air to transport goods and humans at varying speeds in this new environment.
Healthcare and medical services will be performed by AI robotic devices which are completely different from tele-operated robotic devices that still require medical staffs’ involvements. AI medical devices are able to analyze millions of medical cases prior to the actual operations to provide the best course of medical actions available that a surgeon cannot fulfill and will be more professional than any medical doctor.
All these radical technological changes will engender new societal developments that governments have to manage and handle especially for mismatch of labour requirements.
The “new residents” will only be academically trained but without actual working experiences in this new society. These new residents will no longer be able to earn incomes but will receive state allowances for subsistence. The determinants for individual allowances for subsistence will become a challenging task that needs to be circumvented in this new world. Inadvertently, new social activities, norms and cultures will ensue from this upcoming industrial revolution.
This industrial revolution may sound foreboding to you as a human but this is something unavoidable. The faster we adopt and embrace this revolution, the better we will be compared to secular countries that are resistant to changes.
Humans are resistant to changes but if we don’t have the courage for change, we will not progress and evolve.
This is my awakening Christmas gift for mankind. Merry Christmas to all!
Thursday, December 22, 2016
Wednesday, December 21, 2016
Taiwan has lost 1 country recognising its sovereignty.
https://sg.finance.yahoo.com/news/china-cheers-taiwan-splits-one-014633527.html
China is making sure that there will be lesser countries establishing diplomatic ties with Taiwan because of its pro-independence stance.
China is making sure that there will be lesser countries establishing diplomatic ties with Taiwan because of its pro-independence stance.
Tuesday, December 20, 2016
Putin is making a fool out of Abe but Abe doesn't know it.
http://edition.cnn.com/2016/12/15/asia/putin-abe-japan-arrival/
The japanese government has been whitewashing its WW2 history till now and very few people know the true account of these kuril islands anymore.
These kuril islands belonged to Russia and Russia let Japan have them in exchange for non-invasion from the Japanese during WW2. However, Japan attacked Russia after taking the kuril islands. Therefore, Russia took back the kuril islands after the end of WW2 because Japan didn't honour the agreement.
Abe still harbours the wishful thinking that Russia will return the kuril islands but Putin won't return them back to Japan as Japan reneged its promise in WW2. Putin is just playing Abe for this episode.
The japanese government has been whitewashing its WW2 history till now and very few people know the true account of these kuril islands anymore.
These kuril islands belonged to Russia and Russia let Japan have them in exchange for non-invasion from the Japanese during WW2. However, Japan attacked Russia after taking the kuril islands. Therefore, Russia took back the kuril islands after the end of WW2 because Japan didn't honour the agreement.
Abe still harbours the wishful thinking that Russia will return the kuril islands but Putin won't return them back to Japan as Japan reneged its promise in WW2. Putin is just playing Abe for this episode.
Stock market risks have increased! Profit-take to preserve cash!
With the killing of russian diplomat in Turkey and the terrorist attack in berlin (germany), stock market risks have increased with the upcoming official inauguration of the new US president. ISIS has declared that it would launch an attack soon.
Monday, December 19, 2016
Foxconn is declaring war against Samsung!
http://www.reuters.com/article/us-sharp-hon-hai-samsung-elec-idUSKBN14414K
Terry Gou, founder of Hon Hai, owner of Foxconn is adamant in decimating Samsung because of past acrimonious disputes. Let's see how this fight will pan out.
Terry Gou, founder of Hon Hai, owner of Foxconn is adamant in decimating Samsung because of past acrimonious disputes. Let's see how this fight will pan out.
Philippines is getting tough with USA!
https://sg.news.yahoo.com/us-told-want-vfa-pay-000000509.html
Philippines is getting tough with USA and trying to get back the USD$30m which was spent on a spurious court (PCA) under the instruction of USA. USA refused to reimburse Philippines for its own political agenda.
Philippines is getting tough with USA and trying to get back the USD$30m which was spent on a spurious court (PCA) under the instruction of USA. USA refused to reimburse Philippines for its own political agenda.
Sunday, December 18, 2016
Saturday, December 17, 2016
Baltic dry index - 946
Today, Friday, December 16 2016, the Baltic Dry Index decreased by 20 points, reaching 946 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 637
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 13 this week to 637.
A year ago, 709 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 510 rigs sought oil and 126 explored for natural gas this week. One was listed as miscellaneous.
Texas gained 14 rigs, New Mexico gained two and Colorado added one.
Oklahoma and Wyoming each declined by two, and North Dakota lost one.
Alaska, Arkansas, California, Kansas, Louisiana, Ohio, Pennsylvania, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
China has been selling US bonds!
https://sg.finance.yahoo.com/news/japan-tops-china-largest-holder-210357229.html
In order to cut its foreign reserves losses, China has been selling its US bonds. However, this is more than meets eye. China is trying to shift its backbone support of renminbi to a basket of currencies instead of relying on USD only. In other words, China doesn't want the strength of RMB to be based on USD only. Furthermore, selling US bonds will thwart the rises in interest rates and impede RMB depreciation which is a win-win strategy for China.
In order to cut its foreign reserves losses, China has been selling its US bonds. However, this is more than meets eye. China is trying to shift its backbone support of renminbi to a basket of currencies instead of relying on USD only. In other words, China doesn't want the strength of RMB to be based on USD only. Furthermore, selling US bonds will thwart the rises in interest rates and impede RMB depreciation which is a win-win strategy for China.
Friday, December 16, 2016
Do not eat Japanese food in Taiwan!
http://news.easybranches.com/muji-carrefour-recall-products-from-radiation-affected-japan-regions/
Nuke foods have infiltrated Taiwan by unscrupulous Japanese and Taiwanese. Do not eat Japanese food in taiwan!
Nuke foods have infiltrated Taiwan by unscrupulous Japanese and Taiwanese. Do not eat Japanese food in taiwan!
Have you seen lightning strikes from ground up?
Thursday, December 15, 2016
China is trading with Europe by railways!
China started to export coffee to Europe by railway in 2015.
http://www.chinadaily.com.cn/m/yunnan/puer/2015-07/03/content_21175803.htm
Myanmar port is connected to Yunan and China can use Myanmar port to import and export without going through SG.
China has started to import fresh produces from Europe by railway in 2016.
http://www.chinadaily.com.cn/business/2016-12/12/content_27640943.htm
China has used the one-belt-one-road developments to reduce sea freights and also bypass SG for its own strategic interest and is successfully in doing it. SG can longer earn anything between China and Europe anymore.
http://www.chinadaily.com.cn/m/yunnan/puer/2015-07/03/content_21175803.htm
Myanmar port is connected to Yunan and China can use Myanmar port to import and export without going through SG.
China has started to import fresh produces from Europe by railway in 2016.
http://www.chinadaily.com.cn/business/2016-12/12/content_27640943.htm
China has used the one-belt-one-road developments to reduce sea freights and also bypass SG for its own strategic interest and is successfully in doing it. SG can longer earn anything between China and Europe anymore.
Trade war has started!
http://www.channelnewsasia.com/news/business/international/china-to-fine-us-automaker-china-daily/3367204.html
USA, EU and Japan don't want to grant market economy status to China in WTO and USA doesn't want to stick to the one china policy. All these antagonise China and China is retaliating with a trade war against USA for now starting with GM as its first target.
USA, EU and Japan don't want to grant market economy status to China in WTO and USA doesn't want to stick to the one china policy. All these antagonise China and China is retaliating with a trade war against USA for now starting with GM as its first target.
THAAD won't be installed in SK!
https://sg.news.yahoo.com/south-korea-former-opposition-leader-moon-says-run-064359656.html
As predicted in our previous post, SK will not install THAAD to antagonise China.
As predicted in our previous post, SK will not install THAAD to antagonise China.
Fed hiked interest rate. So what happens next?
FED benchmark interest rate has been increased to 0.5 to 0.75% and is projected to go up 3 times each year till 2019.
3 interest rates in 2017, 2018 & 2019 by dot plots
0.5 to 0.75 in dec 2016 (risk-free rate hovers 2.5 to 2.6%)
1.25 to 1.5 in 2017
2 to 2.25 in 2018
2.75 to 3 in 2019
risk-free rate will be at least 5.25% in 2019
Fed median interest rate projections:
As expected, fed hiked by 0.25% in De 2016 but made a slightly hawkish statement about further interest rate hikes.
If FED really hikes 3x interest rates each year, we'll be having high interest rates in the future as predicted in our previous post.
Wednesday, December 14, 2016
Japanese nuke food!
Japanese nuke food contains caesium 137 and 134 because of the nuclear reactor meltdown.
137 has a half-life of about 30 years and 134 is about 2 years.
https://en.wikipedia.org/wiki/Caesium-137
https://en.wikipedia.org/wiki/Isotopes_of_caesium#Caesium-134
Basically, this means that 137 will decay by half in 30 years and 134 in 2 years. Therefore, 137 takes 60 years to completely disappear and 134 takes 4 years. The shorter the half-life, the less harmful it is to your body and environment.
These radiations will permeate your body and destroy your DNA structures. This is how harmful nuke food is to your body.
137 has a half-life of about 30 years and 134 is about 2 years.
https://en.wikipedia.org/wiki/Caesium-137
https://en.wikipedia.org/wiki/Isotopes_of_caesium#Caesium-134
Basically, this means that 137 will decay by half in 30 years and 134 in 2 years. Therefore, 137 takes 60 years to completely disappear and 134 takes 4 years. The shorter the half-life, the less harmful it is to your body and environment.
These radiations will permeate your body and destroy your DNA structures. This is how harmful nuke food is to your body.
Singaporeans are apathetic about our political situation.
Yes, we will be building the HSR with Malaysia. However, we are only aware of the total distance and total cost of connecting from KL to SG. What we do not know is how many KMs is under SG liability and how much we are paying for the distance under our liability. Our citizens do not bother to know and do not ask our government about this.
Geographically and ideally, we should be only paying for a small portion for this KL-SG HSR because each country should be responsible for its HSR construction in its terrority. Hopefully our government will let us know more about this HSR construction instead of just quoting the total distance and total cost. The latest information is SG will only be responsible for 15km on our land and KL is responsible for 335km on its land. What is the cost for this 15km on our land compared to 335km on Malaysia's land?
Geographically and ideally, we should be only paying for a small portion for this KL-SG HSR because each country should be responsible for its HSR construction in its terrority. Hopefully our government will let us know more about this HSR construction instead of just quoting the total distance and total cost. The latest information is SG will only be responsible for 15km on our land and KL is responsible for 335km on its land. What is the cost for this 15km on our land compared to 335km on Malaysia's land?
World trade war will begin soon if WTO doesn't grant China market economy status.
When WTO signed on the dotted line to grant China market economy status automatically without any string attached after 15 years upon joining WTO, WTO must honour its contract or else it will become untrustworthy internationally. Who else will trust EU, USA and Japan in the future?
Tuesday, December 13, 2016
Monday, December 12, 2016
The world will be in chaos if Trump doesn't stick to one china policy!
http://news.asiaone.com/news/asia/chinese-media-hit-out-trump-over-one-china-comments
World economies will crash because China will become anti-USA if Trump forsakes the one china policy. China will go against USA economically and politically in retaliation.
World economies will crash because China will become anti-USA if Trump forsakes the one china policy. China will go against USA economically and politically in retaliation.
Food alert in Taiwan!
http://news.asiaone.com/news/asia/nuke-food-already-taiwan
Nude....Opps....I mean NUKE food is in Taiwan now! Japan is lying to its citizens and foreigners about its food and it is false labelling its food production origins. This is what Japan government is like.....whitewashing its war history and false labelling its food.
Nude....Opps....I mean NUKE food is in Taiwan now! Japan is lying to its citizens and foreigners about its food and it is false labelling its food production origins. This is what Japan government is like.....whitewashing its war history and false labelling its food.
Sunday, December 11, 2016
This is definitely not an asteroid breaking up into smaller pieces in the sky!
Saturday, December 10, 2016
Samsung S6 caught fire on china flight.
http://www.straitstimes.com/asia/east-asia/samsung-s6-phone-emits-smoke-on-china-airlines-flight
Be careful when you use Samsung and Apple. Both brands are like miniature explosive devices now.
Be careful when you use Samsung and Apple. Both brands are like miniature explosive devices now.
Vietnam is doing construction on South China Sea reef but no country is condemning it!
https://sg.news.yahoo.com/satellite-images-appear-show-vietnam-dredging-disputed-reef-044309502.html
If we are supportive of a rule-based system, we must condemn any country that seeks to increase tension in South China Sea. Why are we only condemning China but condoning other countries to do constructions on the reef or isle?
This only shows that we are only targeting China. No wonder China is unhappy!
If we are supportive of a rule-based system, we must condemn any country that seeks to increase tension in South China Sea. Why are we only condemning China but condoning other countries to do constructions on the reef or isle?
This only shows that we are only targeting China. No wonder China is unhappy!
Baltic dry index - 1090
Today, Friday, December 09 2016, the Baltic Dry Index decreased by 32 points, reaching 1090 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 624
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 27 this week to 624.
A year ago, 709 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 498 rigs sought oil and 125 explored for natural gas this week. One was listed as miscellaneous.
Texas gained 17 rigs, Colorado increased by six, Wyoming gained three, Pennsylvania increased by two and Arkansas, Kansas, New Mexico and North Dakota each gained one.
Alaska, Louisiana and Oklahoma each declined by one.
California, Ohio, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
Market mover for next week - FED Meeting!
A quarter point hike in interest rate is expected for next week FED meeting. Conversely, if there is a surprising move like a 50bp hike or a statement to denote a hawkish stance instead of a gradual rise in interest rates in 2017, stock markets will react negatively.
Please watch out for FED outcome and align your investment decision to the result.
Please watch out for FED outcome and align your investment decision to the result.
It's official! SK president Park has been impeached.
http://time.com/4596318/south-korea-president-impeachment-park-geun-hye-corruption-choi-soon-sil-protests/
President Park has lost her presidential power. She cannot implement and execute anything in South Korea now.
We had predicted this outcome in our previous post.
President Park has lost her presidential power. She cannot implement and execute anything in South Korea now.
We had predicted this outcome in our previous post.
China is supposed to gain market economy status after 15 years upon joining WTO.
http://english.cri.cn/12394/2016/12/09/3521s946895.htm
WTO members signed the covenant to grant China market economy status automatically after 15 years upon joining WTO. If WTO members don't grant China the market economy status, they're showing the world their non-credibility and despicability because they don't honour the contract they sign.
Japan has shown that it is non-credible and despicable because it won't honour the contract it signs. Let's see who are non-trustworthy in WTO.
WTO members signed the covenant to grant China market economy status automatically after 15 years upon joining WTO. If WTO members don't grant China the market economy status, they're showing the world their non-credibility and despicability because they don't honour the contract they sign.
Japan has shown that it is non-credible and despicable because it won't honour the contract it signs. Let's see who are non-trustworthy in WTO.
Friday, December 9, 2016
How will Singapore economy perform in 2017?
http://www.businesstimes.com.sg/government-economy/nomura-sounds-bearish-call-on-spore-economy-cuts-2017-gdp-growth-forecast
Nomura predicted that SG's economy will grow by 0.7% in 2017 which is far below the 1-3% predicted by our government.
However, Deutsche predicts that SG will grow by 2.3% in 2017.
http://business.asiaone.com/news/singapore-economy-could-expand-23-2017-deutsche-bank
Who is correct?
I think Deutsche is too optimistic on SG without an in-depth understanding of the surrounding economic situations. Pakistan port has started operations and will reduce port cargoes to SG which has never existed before. Furthermore, interest rates will be higher in 2017 and this will increase business costs. Last but not least, asian currencies depreciation will create inflations in Asia.
I just can't see how SG will perform so well in 2017 with 2.3% growth when there's so many negative factors.
Nomura predicted that SG's economy will grow by 0.7% in 2017 which is far below the 1-3% predicted by our government.
However, Deutsche predicts that SG will grow by 2.3% in 2017.
http://business.asiaone.com/news/singapore-economy-could-expand-23-2017-deutsche-bank
Who is correct?
I think Deutsche is too optimistic on SG without an in-depth understanding of the surrounding economic situations. Pakistan port has started operations and will reduce port cargoes to SG which has never existed before. Furthermore, interest rates will be higher in 2017 and this will increase business costs. Last but not least, asian currencies depreciation will create inflations in Asia.
I just can't see how SG will perform so well in 2017 with 2.3% growth when there's so many negative factors.
China foreign reserves have dropped to USD3.05T!
http://www.businessinsider.sg/chinese-foreign-reserves-slide-as-yuan-falls-2016-12/?r=US&IR=T
When China foreign reserves are falling, RMB will fall too. Nothing surprising. Just read our previous posting and you will understand the rationale.
When China foreign reserves are falling, RMB will fall too. Nothing surprising. Just read our previous posting and you will understand the rationale.
DBS is selling customer data in Hong Kong!
https://www.bloomberg.com/news/articles/2016-12-09/hkma-expresses-concern-after-report-of-dbs-arrests-in-hong-kong?cmpid=yhoo.headline&yptr=yahoo
OMG! After our tanks seizure, DBS HK has contravened HK's laws!
OMG! After our tanks seizure, DBS HK has contravened HK's laws!
Do you know how to count triangles?
Only those with IQ more than 120 can find 18 triangles.
Thursday, December 8, 2016
EU has started to cut back on its QE!
http://www.businesstimes.com.sg/government-economy/ecb-unexpectedly-cuts-asset-buys-to-60b-euros-per-month-from-april
How will this affect economies?
Well, there will be lesser cheap monies in the market now and interest rates will slowly inch up in EU. Nonetheless, QE has proven to be not working in the real economies except for stock markets. Therefore, the impact of lesser QE will only affect the stock markets more than the main streets.
How will this affect economies?
Well, there will be lesser cheap monies in the market now and interest rates will slowly inch up in EU. Nonetheless, QE has proven to be not working in the real economies except for stock markets. Therefore, the impact of lesser QE will only affect the stock markets more than the main streets.
New documentary - The coming war on China
https://newint.org/features/2016/12/01/the-coming-war-on-china/
This documentary shows that USA is the aggressor because it wants to retain its hegemony in the world.
Just look at the more than 400 military bases encircling China. How can China sit back and do nothing? China has the prerogative to protect itself and its citizens against USA.
This documentary shows that USA is the aggressor because it wants to retain its hegemony in the world.
Just look at the more than 400 military bases encircling China. How can China sit back and do nothing? China has the prerogative to protect itself and its citizens against USA.
Wednesday, December 7, 2016
Iphones are starting to explode now! Becareful!
http://www.dailymail.co.uk/sciencetech/article-4005082/Are-iPhones-exploding-Apple-users-China-complain-handsets-caught-fire.html
It looks like companies don't care about quality anymore!
It looks like companies don't care about quality anymore!
Tuesday, December 6, 2016
Monday, December 5, 2016
Singapore has bowed to China finally!
http://www.channelnewsasia.com/news/singapore/china-s-rise-cannot-be-contained-singapore-defence-minister/3340990.html
Will this appease China? I think this is just a strategic tactic to redeem our seized tanks in Hong Kong. China government has changed its mentality towards Singapore and only will believe in what we do rather than what we say. Singapore had been saying that we wanted to be a neutral party and not side with any party but Singapore sided with USA over South China Sea under a spurious court ruling. Singapore asked China to respect the PCA ruling but didn't request Taiwan to accept the ruling against its Taiping island (no longer an island under PCA ruling). Singapore also didn't ask Australia to respect the PCA ruling in which East Timor won against Australia recently.
All these have made China look at Singapore as a less credible and prejudice country because Singapore voiced out its opinions selectively. No matter what, this will be a good start and we have to slowly gain the trust of China all over again.
Will this appease China? I think this is just a strategic tactic to redeem our seized tanks in Hong Kong. China government has changed its mentality towards Singapore and only will believe in what we do rather than what we say. Singapore had been saying that we wanted to be a neutral party and not side with any party but Singapore sided with USA over South China Sea under a spurious court ruling. Singapore asked China to respect the PCA ruling but didn't request Taiwan to accept the ruling against its Taiping island (no longer an island under PCA ruling). Singapore also didn't ask Australia to respect the PCA ruling in which East Timor won against Australia recently.
All these have made China look at Singapore as a less credible and prejudice country because Singapore voiced out its opinions selectively. No matter what, this will be a good start and we have to slowly gain the trust of China all over again.
Sunday, December 4, 2016
Giant's causeway in northern Ireland which has a door closing mountain.
Saturday, December 3, 2016
Baltic dry index - 1198
Today, Friday, December 02 2016, the Baltic Dry Index climbed by 2 points, reaching 1198 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 597
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by four this week to 597.
A year ago, 737 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 477 rigs sought oil and 119 explored for natural gas this week. One was listed as miscellaneous.
Texas gained seven rigs, Wyoming increased by four and Oklahoma gained two.
Louisiana declined by four, Colorado and North Dakota each fell by two and Utah lost one.
Alaska, Arkansas, California, Kansas, New Mexico, Ohio, Pennsylvania and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
Japan stock index (Nikkei 225) has more upsides!
With the USD appreciation and upcoming interest rate rises, yen has been on a devaluation trajectory which will boost its exports. Therefore, Japan stock market will benefit from this export oomph.
Let's use binomial probability to calculate the likelihood of achieving the 19,000 level.
Current index futures= 18,320
Expected index futures = 19,000
Time from 2 Dec 2016 to 10 Mar 2017 (expiry date) = 98 Days
Upside deviation for the last 12 months = 7.16%
Downside deviation for the last 12 months = -7.92%
Risk-free rate = 2.45% as of 1 Dec 2016
After inputing the above parameters, the possibilities for upside is 56.9% and downside is 43.1%.
Therefore, it is likely for nikkei to rise 680 points by 10 March 2017 than to fall 680 points.
Let's use binomial probability to calculate the likelihood of achieving the 19,000 level.
Current index futures= 18,320
Expected index futures = 19,000
Time from 2 Dec 2016 to 10 Mar 2017 (expiry date) = 98 Days
Upside deviation for the last 12 months = 7.16%
Downside deviation for the last 12 months = -7.92%
Risk-free rate = 2.45% as of 1 Dec 2016
After inputing the above parameters, the possibilities for upside is 56.9% and downside is 43.1%.
Therefore, it is likely for nikkei to rise 680 points by 10 March 2017 than to fall 680 points.
Friday, December 2, 2016
Trump is changing USA "Asia pivot" strategy!
https://www.theguardian.com/us-news/2016/dec/01/james-mattis-secretary-of-defense-donald-trump
Trump has appointed a Middle East veteran as the new defense secretary which shows that Trump will be focusing on exterminating ISIS during his office term instead of fighting with China over South China Sea. The US pacific commander Harris will be shoved out of the door in Jan 2017 and tension in South China Sea will be greatly reduced.
This momentarily peace will be great news for Asean and China because Asean can focus on economic interests while China will have time to build up its air and naval forces with the deployments of 4th generation fighter planes J20 and local built aircraft carriers.
Trump has appointed a Middle East veteran as the new defense secretary which shows that Trump will be focusing on exterminating ISIS during his office term instead of fighting with China over South China Sea. The US pacific commander Harris will be shoved out of the door in Jan 2017 and tension in South China Sea will be greatly reduced.
This momentarily peace will be great news for Asean and China because Asean can focus on economic interests while China will have time to build up its air and naval forces with the deployments of 4th generation fighter planes J20 and local built aircraft carriers.
Singapore and Japan are still harping on TPP!
http://news.asiaone.com/news/world/singapore-and-japan-urge-ratification-tpp
If USA endorses TPP, it will be a tight slap to Trump as he has said that he'll terminate it once he takes office. Trump said that SG stole USA jobs and we're going to antagonize Trump further by harping on TPP. Trump had already given Japan a tight slap right in the face.....Trump has no qualms to do it to SG especially we are only a small red dot.
If USA endorses TPP, it will be a tight slap to Trump as he has said that he'll terminate it once he takes office. Trump said that SG stole USA jobs and we're going to antagonize Trump further by harping on TPP. Trump had already given Japan a tight slap right in the face.....Trump has no qualms to do it to SG especially we are only a small red dot.
UFO technology is simply amazing!
UFO can hover and disappear in a flash.
The same UFO technology was also captured on cam in China nanjing below.
The same UFO technology was also captured on cam in China nanjing below.
China is developing its own hyperloop train now!
http://en.people.cn/n3/2016/1129/c90000-9148515.html
Wow! When we detect more UFO sightings in China, we will see more technological advancements in China.
Wow! When we detect more UFO sightings in China, we will see more technological advancements in China.
RMB is having a shortage issue now!
RMB has stopped depreciating because of supply issue. China is issuing more funds into the monetary market to address the supply issue.
http://en.people.cn/n3/2016/1201/c90000-9149650.html?winzoom=1
Don't be mistaken that this is China trying to devalue RMB further after depreciating to around 6.95 yuan vs USD. If China doesn't inject funds now, RMB will skyrocket very fast and furious and will disrupt the monetary system and interest rates.
http://en.people.cn/n3/2016/1201/c90000-9149650.html?winzoom=1
Don't be mistaken that this is China trying to devalue RMB further after depreciating to around 6.95 yuan vs USD. If China doesn't inject funds now, RMB will skyrocket very fast and furious and will disrupt the monetary system and interest rates.
Thursday, December 1, 2016
Wednesday, November 30, 2016
Political language in Singapore!
Our government always insists that it is transparent and often uses the "A spade is a spade" terminology. Is our government walking the talk? Let's see a few examples below.
Flooding ------> Ponding
Bad sexual behaviour ------> Personal indiscretion
Not dangerous ------> Not safety critical
Seized in HK ------> Delayed in HK (our tanks were seized)
Please feel free to add on to the SG political language list so that we can all learn from this list.
Flooding ------> Ponding
Bad sexual behaviour ------> Personal indiscretion
Not dangerous ------> Not safety critical
Seized in HK ------> Delayed in HK (our tanks were seized)
Please feel free to add on to the SG political language list so that we can all learn from this list.
Red alert for Hong Kong air traffic control!
Hong Kong airport has just upgraded its air traffic control system which contains some dangerous bugs that can endanger the lives of passengers. The air control system can give off false signals to traffic controller and result in fatal mistakes. Beware!
The true agenda behind the seizure of SG tanks in Hong Kong.
The seizure of SG 9 tanks in HK is not entirely targeted at SG but Taiwan. Taiwan has been extremely anti-China after Tsai took office. China wants to isolate Taiwan by cutting off Taiwan military ties with other countries. Therefore, China is pressuring SG with diplomatic discussion over the handover of SG tanks in exchange for Taiwan isolation.
After the seizure, China air force flew around Taiwan to serve as a warning. http://www.bestchinanews.com/Military/4288.html
SG has been too complacent and insensitive towards China. After making anti-China remarks over South China Sea Issues, SG should be careful about provoking China further. When we have a good relationship with China, China can overlook a lot of things. However, when the relationship is rocky, China will scrutinise a lot of things too. There won’t be any preferential treatment from China when we don’t want China to look at SG as a Chinese nation. There is no such thing as having the best of both worlds as we live in a harsh reality. Let this be a small lesson learnt and hopefully our government will be more politically sensitive towards China.
Tuesday, November 29, 2016
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