Sunday, December 11, 2016
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
"Singapore image in China is so rotten!" - China perspective
https://sg.news.yahoo.com/china-paper-says-singapore-troop-carriers-melted-down-033016097.html
The truth is finally out. We've stated numerous times in our previous postings that anti-Singapore sentiment had taken root in China. Like we said, China no longer believes in what we say but rather what we do now.
The truth is finally out. We've stated numerous times in our previous postings that anti-Singapore sentiment had taken root in China. Like we said, China no longer believes in what we say but rather what we do now.
President Park has finally given up on holding her office!
https://sg.finance.yahoo.com/news/korea-president-says-willing-leave-office-early-060438322.html
As predicted in our previous post, she would step down due to her scandal.
As predicted in our previous post, she would step down due to her scandal.
One of my favourite chinese dramas - Heaven's way! 天道！
This China drama is based on European essay called the last messiah.
https://en.wikipedia.org/wiki/The_Last_Messiah
https://philosophynow.org/issues/45/The_Last_Messiah
Please watch the 24 episodes if you have the time. It is a philosophical drama which depicts human conscience, conscious and behaviour. Reading the synopsis on The Last Messiah will help you to understand the drama better.
https://en.wikipedia.org/wiki/The_Last_Messiah
https://philosophynow.org/issues/45/The_Last_Messiah
Trump is right to insist on bilateral trade talks than multi-lateral TPP. Why?
TPP primary motive was to pursue USA political interest against China and to deter China economic growth. Without TPP, It will be tough to negotiate with USA during bilateral trade talk because USA is the largest economy in the world. Japan, the 3rd largest economy, will also face tremendous difficulty against USA. As TPP was a trade weapon to be used against China, USA gave a lot of concessions to Japan as a tradeoff for being anti-China. Japan has to open up its farm and agricultural industry for bilateral FTA which is detrimental to Japan PM’s party as his supporters are mostly farmers. Donald Trump will be focusing on USA economic benefits during bilateral trade talks. Therefore, it’s tough to negotiate with USA based on economic interests.
Monday, November 28, 2016
President park approval rating dropped to 4%
http://asia.nikkei.com/Politics-Economy/Policy-Politics/South-Korean-President-Park-s-approval-rating-dips-further-to-4
We stated in our previous post that she's likely to step down as President due to her scandal and it looked like this outcome would materialize soon as her approval rating had dropped to 4%.
Her scandal also revealed that her closest friend was behind the THAAD system installation deal in which she received a huge commission from Lockheed Martin for the transaction. This showed that THAAD system installation was not to defend South Korea but for corruption. President Park disregarded South Korea interests for her friend's interest. Therefore, she should step down.
We stated in our previous post that she's likely to step down as President due to her scandal and it looked like this outcome would materialize soon as her approval rating had dropped to 4%.
Her scandal also revealed that her closest friend was behind the THAAD system installation deal in which she received a huge commission from Lockheed Martin for the transaction. This showed that THAAD system installation was not to defend South Korea but for corruption. President Park disregarded South Korea interests for her friend's interest. Therefore, she should step down.
How China views Singapore nowadays?
http://en.people.cn/n3/2016/1128/c90000-9147777.html
Anti-Singapore sentiment has taken root in China and we've already stated this in our previous post. If we don't want China to view SG as a Chinese nation, we also cannot demand any preferential treatment from China. This is how reality works!
China no longer trusts SG now. China is taking the stance that it will believe in what it sees but not what it hears. SG can explain and clarify but if we don't synchronize our verbal and non-verbal communications, China will not trust us. In other words, we cannot say one thing but do another thing.
Anti-Singapore sentiment has taken root in China and we've already stated this in our previous post. If we don't want China to view SG as a Chinese nation, we also cannot demand any preferential treatment from China. This is how reality works!
China no longer trusts SG now. China is taking the stance that it will believe in what it sees but not what it hears. SG can explain and clarify but if we don't synchronize our verbal and non-verbal communications, China will not trust us. In other words, we cannot say one thing but do another thing.
Japan has suffered a bad karma for being USA staunch ally.
Japan has shot itself in its own foot by being USA staunch ally.
Firstly, Trump had slapped Japan PM right in the face by announcing the termination of TPP after he's in office even after Japan PM visited Trump.
Secondly, Russia will be deploying new missiles near Japan and there is nothing Japan can do about it. http://indianexpress.com/article/world/world-news/japan-protests-russia-missile-deployment-on-disputed-islands-4394955/
Thirdly, Vietnam is trying to appease China by terminating a Japanese nuclear project. http://www.bestchinanews.com/International/3183.html
Will Malaysia award the HSR project to Japan or China? Let's see.
Will SG face the same predicament too? Let's see.
Every country is trying to get distance itself from USA and get cozy with China. Just look at latin America countries! See what Peru and Chile are doing with China!
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