Kevin Warsh is slated to replace Janet Yellen as FED Chair.

https://www.cnbc.com/2017/10/02/fed-chair-favorite-warsh-believes-central-bank-is-slave-of-the-sp.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104746283&yptr=yahoo

This man is more hawkish than Janet Yellen and he will want to end the QE much faster than Yellen as he sees that FED is being held hostage by the stock market.

USA gunman fired a machine gun at the crowd below the Mandalay Hotel.

https://www.nytimes.com/2017/10/02/us/las-vegas-shooting.html

This is definitely an act of terrorism.  The white man was shooting from the 32nd floor of Mandalay Hotel.  He mounted his machine gun in the hotel room and fired at the crowd below.  Up till date, about 59 died in this shooting craze.

Spain police attacked referendum voters!

Not only did the Spain police attack the referendum voters, they also attacked the officials and firemen.  This won't end well as this violence against its own citizens would only reinforce their resolve to gain independence.

Apple is reporting bad sales for Iphone 8 and 8 plus in China, HK and India.

http://indianexpress.com/article/technology/iphone-8/lack-of-innovation-high-prices-discouraging-people-from-buying-iphones-4870685/

https://www.cnet.com/news/china-no-crowds-apple-stores-iphone-8-launch/

Some analysts attribute the poor sales to the upcoming Iphone X sales launch.  If the Iphone X sales launch is also bad, Apple and its suppliers' stock prices will fall again.

Singapore stock calls for 2 October 2017

The Chinese who hated China would always emigrate to the USA.

https://www.nytimes.com/2017/10/01/business/facebook-china-guo-wengui.html?mcubz=3

This is the same with Amos Yee who hates Singapore.  All these people will take up the USA citizenships and badmouth their own countries of origin when they're no longer in their birthplaces.

Therefore, not all Chinese Americans are pro-China and most of them are not China spies.

Spain is breaking up.

http://www.marketwatch.com/story/catalonia-leader-with-90-approval-we-have-the-right-to-be-independent-2017-10-01?siteid=yhoof2&yptr=yahoo

This comes after Iraq break-up.  This Spain break-up doesn't bode well for Europe because Spain is not doing well now and will become weaker.  Catalonia constitutes 10% of Spain's population but 20% of Spain's economy.  Spain will drag Europe down.

Bad Iphone sales launch in China.

Iphone sales launch in China Hangzhou has no queue.  People used to queue overnight in China for Iphone launch but the recent Iphone 8 had only 2 people in the queue.  The security guards were more than customers.

Our Iphones poll.

This poll shows that most of our readers are not interested in Iphones.  Heehee!

The same F1 event but different views and outcomes.

http://www.todayonline.com/singapore/singapore-f1-deal-extended-another-four-years

Singapore has extended F1 for another 4 years.  Singapore government sees an economic value in the F1 event because it has a multiplier effect on SG such as boosting the hotel, retail and F&B businesses.

http://www.thestar.com.my/business/business-news/2017/09/30/malaysia-does-not-want-to-host-formula-one-even-if-it-was-given-free/

However, Malaysia doesn't want to host F1 despite having a proper race track.  Malaysian government sees no entertainment value in the F1 event because there is no consumer gratification in sitting down to watch the F1 and also a huge cost involved in organising it.

Who is right? and What is right? Economic vs Entertainment value!

China's manufacturing and services are growing well.

http://abcnews.go.com/International/wireStory/official-survey-china-factory-activity-rises-year-high-50193525

China official PMI rose to 52.4 in September compared to 51.7 in August.  50 is the dividing line between growth and contraction.

However, the private Caixin PMI slipped to 51 from 51.6 but it was still showing growth albeit diminishing growth.

The non-manufacturing or services index rose to 55.4 in September from 53.4 in August.

These indexes show that China economic growth is stable and growing gradually.

South Korea bans initial coin offering (ICO) after China.

https://finance.yahoo.com/news/south-korea-bans-forms-initial-025033448.html

SK has joined China in banning ICOs.

Bitcoin or virtual currency is a flawed concept.

http://sg-stock.blogspot.sg/2017/08/death-knell-for-virtual-currency-is.html

When this virtual currency scam is over, many people will be burnt heavily. Sigh!

Baltic dry index - 1356

Today, Friday, September 29 2017, the Baltic Dry Index decreased by 35 points, reaching 1356 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.

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Related stocks: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 940

The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 940.

That's up from the 522 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 750 rigs sought oil and 189 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Utah gained four rigs and Louisiana increased by two. New Mexico and North Dakota each gained one.

Oklahoma lost three rigs and Texas shed two.

Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, 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.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

North Korea radar is no longer working due to shortage of electricity.

http://english.yonhapnews.co.kr/news/2017/09/26/0200000000AEN20170926005251315.html

NK had no military action against US bomber flight recently.

The lack of energy is really thwarting NK's defence system.  Therefore, the USA doesn't need to use F35 against NK as the situation in NK is getting dire without oil imports.

Singapore stock calls for 29 September 2017

Another bad news for Iphone 8.

https://finance.yahoo.com/news/two-iphone-8-battery-incidents-already-reported-don-162021486.html

Iphone 8 battery is defective and will swell up to crack the Iphone.

Buyers beware!

India is heading towards a hard landing.

https://sg.finance.yahoo.com/news/indias-flagging-economy-draws-dire-022358211.html

The belligerent India is heading towards a hard landing.  Instead of focusing on developing its economy, India prefers to fight with its neighbours and waste unnecessary military spending on buying military weapons.

We did give a precursory warning on India recently.

http://sg-stock.blogspot.sg/2017/09/india-economic-growth-is-declining.html

Venezuela president is urging its military to get ready for USA invasion!

https://www.rt.com/news/404791-maduro-tanks-threats-us/

The USA is creating troubles again!  This time is with Venezuela.

We did post about this in our previous posting.

http://sg-stock.blogspot.sg/2017/09/usa-is-trying-to-topple-venezuela.html

China drones are combat ready!

Just look at the precision of the weapons!  All hit targets!