The US interest rate hike in December 2017 is a fait accompli.

FED Chair Janet Yellen said recently that she and her colleagues had misjudged and adopted the wrong monetary policies based on the FED preferred inflation target of 2%. Therefore, she would continue to gradually increase the interest rates in the future to rectify the mishandling of the economy and disregard the unachievable 2% inflation rate.

Now, we have another Fed governor supporting her.

http://www.marketwatch.com/story/feds-rosengren-backs-regular-and-gradual-interest-rate-hikes-2017-09-27?siteid=yhoof2&yptr=yahoo

Trump US$5t tax plan won't get passed.

Why the US$5T tax plan won't get passed?  The Senate budget committee has a policy not to increase the national debt by US$1.5T in the next decade.  Therefore, the US$5T is way above this incremental limit.  Trump has to cut his tax plan by US$3.5T and he doesn't know how to cut it.

https://www.thestar.com/news/world/2017/09/27/trump-republicans-propose-5-trillion-tax-plan-cuts-to-individual-and-corporate-rates.html

Middle East will get messier now because the Turds voted for independence.

http://www.bbc.com/news/world-middle-east-41419633

Turds, supported by the USA, carried out a referendum and voted for independence.  This referendum has definitely angered Turkey and Iran.  Both have moved their military forces to the border and also conducted joint-military exercise.

The USA has lost control of the Turds as the Turds have defied the USA.  This is the same situation with the terrorists.  The terrorists were also groomed by the USA in the past and the USA lost control of the terrorists in the end.

http://www.presstv.ir/Detail/2017/09/25/536458/Iraq-Turkey-army-military-drills-referendum-independence-KRG-Kurdish-region

Singapore stock calls for 27 September 2017

Singapore stock calls for 26 September 2017

Apple suppliers' stocks are falling by at least 10%.

https://www.bloomberg.com/news/articles/2017-09-25/iphone-disappointment-hammers-suppliers-fuels-taiwan-outflows

We did warn about such stock impacts on Apple's suppliers and manufacturers.

http://sg-stock.blogspot.sg/2017/09/iphone-8-sales-launch-is-disappointing.html

There was a report on Apple demanding its suppliers to scale back on Apple's supplies in view of the lacklustre sales.

http://bgr.com/2017/09/25/iphone-x-release-date-supply/

Apple shares also have fallen from its peak.

https://www.cnbc.com/2017/09/25/apples-iphone-x-pulls-shares-down-with-low-supply.html

China can build one floor of a building in 3 days!

Amazing building speed!

Japan will dissolve its parliament on Thursday for election.

https://www.reuters.com/article/us-japan-election/japans-abe-announces-snap-election-amid-worries-over-north-korea-crisis-idUSKCN1C0001

Japan will be having its election on 22 October 2017.

Japan stock market will be range bound for now as nobody is 100% confident that Abe will win in this upcoming election.  It may turn out like the Trump presidential election win and the Brexit event.

We can only hope that NK will not test its H-Bomb in the Pacific Ocean as stated by Kim.

Singapore stock calls for 25 September 2017

USA is trying to topple Venezuela government.

The USA is a real troublemaker in the world.  It has been trying to topple the Cambodian government but is not successful so far and is targeting Venezuela now.

http://www.independent.co.uk/news/world/americas/cia-venezuela-crisis-government-mike-pompeo-helping-install-new-remarks-a7859771.html

One of the successful regime changes implemented by the USA was Ukraine because it spent USD$5B and 10 years in Ukraine.  The USA was so proud about it and announced its involvement in public.

https://www.globalresearch.ca/washington-was-behind-ukraine-coup-obama-admits-that-us-brokered-a-deal-in-support-of-regime-change/5429142

PM Lee praised China HSR during his China visit in September 2017.

Just look at the stability of China HSR.

No wonder our PM Lee loves China HSR.

Sino-Singapore relationship is getting cosy!

http://en.people.cn/n3/2017/0924/c90000-9273013.html

Finally! We are getting cosy with China, beginning with the new round of military exercises.

SG has realized the threats from the BRI and decided to get cosy with China.  SG has no choice because TPP is no longer available and our government has to participate in RCEP and BRI.

I hope that China will give the face and political credit to SG by participating in the KL-SG HSR under Singapore invitation.

Baltic dry index - 1502

Today, Friday, September 22 2017, the Baltic Dry Index climbed by 32 points, reaching 1502 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 - 935

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by one this week to 935.

That's still up from the 511 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 744 rigs sought oil and 190 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Louisiana gained three rigs.

Alaska, New Mexico, and Texas each gained one rig. North Dakota and Oklahoma lost three rigs each, and Colorado lost two rigs.

California, Ohio, Pennsylvania, Utah, West Virginia, and Wyoming were 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.

How does a China warehouse sort its packages?

What can I say? Simply amazing!

Travel alert to Bali.

http://news.sky.com/story/bali-volcano-alert-sees-thousands-evacuated-from-homes-11047375

Bali volcano has shown signs of erupting soon.  Therefore, it's best to avoid going to Bali now as the volcano is expected to erupt within 10 days.

Singapore stock calls for 22 September 2017

Why is China so blase about Singapore invitation to participate in the KL-SG HSR tender?

Singapore first invited China to participate in our KL-HSR tender in June 2017 by our FM Vivian but China ignored our invitation.

http://sg-stock.blogspot.sg/2017/06/singapore-had-repented-and-invited.html

Then, our PM Lee invited China again in September 2017 during his China visit.  However, China has not responded to our invitation again.

http://www.chinadaily.com.cn/world/2017-09/20/content_32229112.htm

Why?

Well, China is considering whether to give face or political credit to SG for allowing China to participate in the KL-HSR.  Why am I saying this?  This is because China is a strategic thinker and has a strategic tactic to undertake the KL-SG HSR without going through SG.  Therefore, it will only take part in the project under Singapore invitation out of good faith or when it wants to give political credit to SG.

If you understand the BRI, you will know that China gives preferential treatment to Laos which is an inland country without any port.  China is helping Laos by turning it into a land transhipment hub where goods and people are transported to its neighbouring countries by railways and HSRs.  Therefore, Laos will adopt China HSR system in reciprocation.

http://shanghaiist.com/2017/07/12/thailand-china-railway-approved.php

http://sg-stock.blogspot.sg/2017/09/china-won-hsr-construction-deal-in.html

What about the BKK-KL HSR?

Thailand had given the internal HSR (BKK-Chiang Mai) to Japan because Japan gave a lot of concessions to Thailand.  Meanwhile, the cross-border HSRs from BKK to China and Laos were given to China.  Thailand has to maintain 2 different HSR systems now instead of one.

http://www.channelnewsasia.com/news/asiapacific/rail-diplomacy-puts-grand-plans-for-thailand-s-railway-on-track-8591784

Malaysia had indicated its preference for China HSR system for the cross-border BKK-KL HSR.  Will Thailand adopt a 3rd HSR system for this BKK-KL HSR? I don't think so because it is expensive and difficult to maintain 3 different HSR systems.  Therefore, Thai is likely to adopt the China HSR system as requested by Malaysia.

http://www.todayonline.com/world/asia/thailand-malaysia-begin-talks-hsr-linking-bangkok-and-kuala-lumpur-thai-minister

When the BKK-KL HSR system is adopting the China HSR system, Malaysia will also want to adopt the same system for the KL-SG HSR because it's easier and cheaper to maintain 1 HSR system instead of 2.  Therefore, it is likely that Malaysia will impose the China HSR system on KL-SG HSR unless SG gives a lot of concessions to Malaysia to adopt a different HSR system.  SG is at the losing end because it is at the end of the HSR and is only responsible for the 15km HSR system on its own land.

Malaysia can insist on building the HSR from KL to JB using the China HSR system and leave SG out of it under the worst case scenario because SG cannot have a say on Malaysia land.  Malaysia will just let SG decide on its own HSR because Malaysia also cannot have a say on Singapore land.

This is the reason for China to be blase about our invitation as China has a strategic tactic to undertake the KL-SG project without going through SG.  SG is only responsible for 15km of the HSR on its own land and is making a lot of noise about the HSR but Malaysia is so quiet about the HSR when it is undertaking 335km of the HSR.  Let's see whether China will give face to SG and participate in the HSR project under our invitation out of good faith.

Iphone 8 sales launch is disappointing.

http://www.asiaone.com/digital/apples-iphone-8-sees-muted-launch-asia

This will definitely hit Apple's suppliers and manufacturers.  Watch out the stock performances of those companies involved in the Apple's chain.

OMG! HP is retrenching again.

https://sg.finance.yahoo.com/news/hewlett-packard-enterprise-reportedly-cutting-234601321.html

Many countries are reporting good economic growth but companies are retrenching......Why? Why? Why?

This shows that we're not having real economic growth at all.