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.
Saturday, December 10, 2016
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.
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