Flying dragon captured on cam in China.

A flying dragon or a flying dinosaur?

OMG! Dubai's 84-storey building catches fire again!

http://edition.cnn.com/2017/08/03/middleeast/dubai-tower-fire/index.html

Fire-proof building materials are needed to prevent such fire!

AGC is taking action against Li Sheng Wu, Son of LHY.

https://sg.news.yahoo.com/agc-seeks-contempt-court-proceedings-li-shengwu-004530979.html

Sigh! LSW and his dad LHY will not want to live in SG anymore.  The only one left will be LWL, sister of PM Lee, in SG.  LHL is breaking up the Lee family.

Alan Greenspan warns about the bond bubble!

https://www.cnbc.com/2017/08/04/greenspan-bond-bubble-about-to-break-because-of-abnormally-low-interest-rates.html

Yes, interest rates cannot stay low perpetually and low-interest rates will affect the financial industry especially the banking sector.

The risk-free rate is at 2.26 now and if you factor in the 2% inflation, you are virtually making no income out of buying the 10-year treasury bond.  This lack of money-making opportunity forces investors to seek higher returns in riskier assets and causes bubbles in other assets.

The FED's intention is to increase interest rates gradually so that it will have ammunitions to handle the next recession.  However, when the bond yields start to rise rapidly, the risk-averse investors will flock to bonds and dump riskier assets that they bought previously.  This is why Alan Greenspan said that stock market would crash when the bond bubble burst.

This too-fast-too-furious event is not reflected in the mindsets of ordinary investors yet because VIX is showing great complacency among investors.

Baltic dry index - 1032

Today, Friday, August 04 2017, the Baltic Dry Index climbed by 9 points, reaching 1032 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.

=====================

Related stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 954

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased
by four this week to 954.

A year ago, just 464 rigs were active.

Houston oilfield services company Baker Hughes said Friday that 765 rigs sought oil and 189
explored for natural gas this week.

Among major oil- and gas-producing states, Texas gained four rigs and Alaska increased by one.

Louisiana declined by five rigs, Oklahoma decreased by two and New Mexico and North Dakota
were down by one apiece.

Arkansas, California, Colorado, 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 of 2016 at 404.

=====================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

China has given India the ultimatum to leave China's border.

http://www.hindustantimes.com/india-news/chinese-social-media-abuzz-with-statements-on-doklam-standoff-warning-india-to-pull-back/story-aMXRzigv5sTkykUVus2AkN.html

We did mention in our previous post that a border war was likely to break out in August if India didn't retreat from China's border.

http://sg-stock.blogspot.sg/2017/07/china-may-attack-india-in-august-if.html

India is asking for troubles.  Many Indians will die if India doesn't retreat.

Singapore stock calls for 4 August 2017

Watch out for DBS's 2nd half earnings report.

http://www.businesstimes.com.sg/companies-markets/dbs-sees-more-provisions-ahead-in-oil-and-gas-portfolio

DBS is obviously not providing enough provision for its exposure to the oil and gas industry.  This Indian CEO said the worst was over in Feb 2017.  If the worst was already over, why would there be a need for more provision than previous guidance?

http://sg-stock.blogspot.sg/2017/02/will-ezra-affect-dbs-like-swiber-did.html

We were skeptical about its under provision because DBS was not forthcoming with its exposure to Ezra.

Wow! China is exporting its electricity!

http://www.reuters.com/article/us-myanmar-china-energy-idUSKBN1AK011

Besides exporting its technologies, China is also exporting its electricity to ASEAN.  This will at least help some developing countries in meeting their energy needs before they can be self-sufficient by building more power stations.

Climate change will decimate India more than anything else.

http://www.aljazeera.com/news/2017/08/south-asia-hot-live-2100-170803041954544.html

India should get its priority right.  Climate change will decimate its country and economy more than anything else.  India, take my advice and stop invading your neighbours.

India will have a big problem feeding its huge population because its land size is only 1/3 of China.  Crops can't grow on parched lands and many parts of India don't have access to potable water.  All these problems are of paramount importance to India right now.  Time is running out for India!

Are you pissed when your government treats you like this?

https://sg.news.yahoo.com/macpherson-rc-apologises-charging-new-citizens-less-community-event-010058507.html

Singapore bred citizens have to pay more than newly converted citizens!

What's next? Singapore bred citizens have to accept lower salaries than newly converted citizens?

Wow! Malaysia will have autonomous trains soon!

http://en.people.cn/business/n3/2017/0804/c90778-9250826.html

China is exporting its high technologies to other countries now.  Malaysia will have autonomous trains soon and also learn the technology from China.

This is one of the benefits of being China-friendly.  Malaysia will overtake Singapore in the future because of China.

SIA is facing headwinds now!

http://www.todayonline.com/business/sia-introduces-voluntary-no-pay-leave-cabin-crew

Look like economic downturn is coming soon!

SIA is asking its staffs to take no-pay leaves due to an oversupply of manpower.  Why?  This means that SIA is not getting enough passengers on board its planes which don't require a lot of working staffs. Why are there fewer passengers?  Is SIA losing passengers to other airliners or economic downturn is causing passengers to travel lesser?  Maybe businesses are turning to web conferences for business meetings and negotiations.

This is something to ponder about seriously.

Who is the richest man in the world? Nope, it's not Bill Gates.

https://www.cnbc.com/2017/07/31/financier-bill-browder-says-vladimir-putin-is-worth-200-billion.html

The richest man in the world is Putin (Russia President).  He is estimated to be worth USD$200B.

Wow!

Iceberg's full report on Noble Group!

https://iceberg-research.com/2017/08/03/noble-group-is-sinking-this-saga-reveals-the-complete-failure-of-the-regulators-in-singapore/

We are also worried about the sustainability of Noble because of its negative cash flow after selling its golden goose assets.  Like we said before, Noble's white knight can pull out after getting privy information and fully understand the situation better than ordinary retail investors.

Singapore stock calls for 3 August 2017

Our local residents committed abduction!

https://sg.news.yahoo.com/two-myanmar-men-trial-attempting-abduct-compatriot-pasir-ris-carpark-112316332.html

Singapore PRs are considered locals by our government.

Indeed, Singaporeans commit more crimes than foreigners as stated by our PM.

China has the best AI now!

http://en.people.cn/n3/2017/0802/c90000-9250209.html

China AI tops Stanford's reading comprehension ranking.

It's an amazing accomplishment because it shows rapid evolution in China's technology.

Real ghosts caught on CCTV!

Enjoy!