https://finance.yahoo.com/news/embattled-trader-noble-group-pays-40-million-bond-052002693--finance.html?_fsig=_SX2GCnSxkXKplqyrZ2A5w--
When a company is raising funds by selling its assets just for the purpose of debt repayments, we know this company is no longer viable because its business model is not generating positive cash flow to sustain its own operational and financial needs.
Cash flow is the most important thing in a sustainable business!
Tuesday, August 1, 2017
The impact of USD falling is already being felt in the oil market.
https://sg-stock.blogspot.sg/2017/07/do-you-notice-that-usd-has-been-falling.html
We can see the correlation between these 2 charts (USD vs Oil price). USD and Oil price have an inverse relationship.
Death knell for virtual currency is bellowing!
https://www.reuters.com/article/us-bitcoin-split-idUSKBN1AG2MF
We will never support virtual currency because it is a flawed concept. Many people just don't understand the concept of money and think that money can be created through technology. Money was not created in the past through technology and it also couldn't be created through technology in the future.
The so-called bitcoin split will cause huge damage to virtual currency because anybody can just do a blockchain split to create free money. Bitcoin miners don't want any blockchain split because it will undermine bitcoins. Bitcoin developers want to create free money out of nothing but don't allow others to use the open source technology to do bitcoin splits to get free money.
Today, we'll have bitcoin and bitcoin cash. In the near future, we'll have bitcoin dollar, bitcoin note, etc. As these developments progress, people will lose confidence in virtual currencies because there are no regulations for these splitting developments. To prevent the loss of confidence, people will start to demand for regulations to protect their investments. Therefore, we'll be back to square one where the same group of people doesn't want regulations in the first place.
We will never support virtual currency because it is a flawed concept. Many people just don't understand the concept of money and think that money can be created through technology. Money was not created in the past through technology and it also couldn't be created through technology in the future.
The so-called bitcoin split will cause huge damage to virtual currency because anybody can just do a blockchain split to create free money. Bitcoin miners don't want any blockchain split because it will undermine bitcoins. Bitcoin developers want to create free money out of nothing but don't allow others to use the open source technology to do bitcoin splits to get free money.
Today, we'll have bitcoin and bitcoin cash. In the near future, we'll have bitcoin dollar, bitcoin note, etc. As these developments progress, people will lose confidence in virtual currencies because there are no regulations for these splitting developments. To prevent the loss of confidence, people will start to demand for regulations to protect their investments. Therefore, we'll be back to square one where the same group of people doesn't want regulations in the first place.
2 armed robberies in Singapore in 2 days recently!
https://sg.news.yahoo.com/armed-robbery-reported-ubi-ave-1-singapore-police-force-042229175.html
https://sg.news.yahoo.com/man-arrested-armed-robbery-upper-bukit-timah-road-petrol-station-report-112543223.html
What is happening to Singapore?
We've a Canadian robbing our standard chartered bank. Now, we've 2 armed robberies yesterday and today!
Singapore is no longer as safe as thought. Singapore has to deal with terrorism and armed robberies now.
https://sg.news.yahoo.com/man-arrested-armed-robbery-upper-bukit-timah-road-petrol-station-report-112543223.html
What is happening to Singapore?
We've a Canadian robbing our standard chartered bank. Now, we've 2 armed robberies yesterday and today!
Singapore is no longer as safe as thought. Singapore has to deal with terrorism and armed robberies now.
Monday, July 31, 2017
Indecent act in public - SMRT.
Please do not do this in our MRT!
Taiwan is flooding again!
This "ponding" is what our minister would describe the situation.
Sunday, July 30, 2017
China may attack India in August if India doesn't withdraw its troops.
Time is running out for China and India!
Why?
This is because the temperature will turn cold in September and it is not conducive to fight in such a cold climate at high altitude. Therefore, China will want to resolve this border skirmish in August because it is a disadvantage to start a war in September.
India must retreat in August or face a losing war. India cannot occupy its neighbour's territory and demand for a diplomatic discussion to resolve the issue or request both sides to retreat. Where does India want China's troops to retreat to when China's troops are already in China's territory?
This is precisely why China refused to have a diplomatic talk with India because of India's incursion. India had miscalculated and misjudged this incursion. India will pay a super high price for such an incursion before China's 19th party congress. Don't think that China won't start a war before 19th party congress!
Why?
This is because the temperature will turn cold in September and it is not conducive to fight in such a cold climate at high altitude. Therefore, China will want to resolve this border skirmish in August because it is a disadvantage to start a war in September.
India must retreat in August or face a losing war. India cannot occupy its neighbour's territory and demand for a diplomatic discussion to resolve the issue or request both sides to retreat. Where does India want China's troops to retreat to when China's troops are already in China's territory?
This is precisely why China refused to have a diplomatic talk with India because of India's incursion. India had miscalculated and misjudged this incursion. India will pay a super high price for such an incursion before China's 19th party congress. Don't think that China won't start a war before 19th party congress!
Flooding in Germany and UK. Petrol and diesel cars will be ban by 2030.
This is what will happen when we've global warming.
Germany wants EU to ban petrol and diesel cars by 2030.
http://www.dailymail.co.uk/news/article-3834674/Germany-s-federal-council-Bundesrat-pushes-force-EU-BAN-petrol-diesel-vehicles-2030.html
The UK will ban petrol and diesel cars by 2040.
http://www.telegraph.co.uk/news/2017/07/25/new-diesel-petrol-cars-banned-uk-roads-2040-government-unveils/
The carbon emission will be greatly reduced in the future. If China and USA follow suit, crude oil prices will collapse as nobody will use crude oil in the future.
Saturday, July 29, 2017
Ghosts alighting from a ghost plane in Phuket airport every night.
You can see that there's ghosts rushing to the custom from the boarding bridge but without the plane beside it.
Astronaut captured UFO in her live telecast accidentally.
Japan defence minister resigned because she destroyed internal records for Japan-UN mission.
https://www.theguardian.com/world/2017/jul/27/tomomi-inada-japanese-defence-minister-resign-south-sudan
This is not surprising because Japanese government will destroy and whitewash anything that the government doesn't like.
Japanese government insisted in the UN mission continuation despite its own law didn't allow it and this led to her to destroy the internal record.
She was unlucky that someone found the internal record on a computer that she claimed was discarded.
This is not surprising because Japanese government will destroy and whitewash anything that the government doesn't like.
Japanese government insisted in the UN mission continuation despite its own law didn't allow it and this led to her to destroy the internal record.
She was unlucky that someone found the internal record on a computer that she claimed was discarded.
Baltic dry index - 933
Today, Friday, July 28 2017, the Baltic Dry Index decreased by 9 points, reaching 933 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 - 958
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 958.
A year ago, just 463 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 766 rigs sought oil and 192 explored for natural gas this week.
Among major oil- and gas-producing states, New Mexico gained four rigs, Oklahoma increased by three and Louisiana, Ohio, West Virginia and Wyoming each gained one.
Texas declined by one rig.
Alaska, Arkansas, California, Colorado, North Dakota, Pennsylvania and Utah 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
Friday, July 28, 2017
Russia is expelling a lot of USA embassy staffs in Russia.
https://sg.news.yahoo.com/russia-orders-us-cut-diplomatic-staff-says-seize-093237700.html
The fight is on. The USA imposed a new sanction against Russia and Russia expelled the USA embassy staffs.
Tit-For-Tat is nothing new but Russia is able to take on the USA because China is supporting Russia's economy by buying oil and gas in RMB.
The fight is on. The USA imposed a new sanction against Russia and Russia expelled the USA embassy staffs.
Tit-For-Tat is nothing new but Russia is able to take on the USA because China is supporting Russia's economy by buying oil and gas in RMB.
Russia will station in Syria permanently now.
https://sg.news.yahoo.com/putin-signs-syria-deal-cementing-russias-presence-half-113942368.html
The USA has no control over Syria now because Russia will be in Syria for a long time. It won't be easy to overthrow Assad now and the USA has to accept that Assad will be at the helm of Syria for a much longer time than expected.
The USA has no control over Syria now because Russia will be in Syria for a long time. It won't be easy to overthrow Assad now and the USA has to accept that Assad will be at the helm of Syria for a much longer time than expected.
SGX praised ex-ceo Magnus Bocker but omitted the petition against him.
http://www.businesstimes.com.sg/companies-markets/bocker-was-a-driving-force-for-change-sgx
https://www.ipetitions.com/petition/petition-to-remove-magnus-bocker-as-the-ceo-of-sgx
SGX should just keep its mouth shut. The truth was Magnus Bocker had a disgraceful departure from SGX but SGX still wanted to honour him. His passing on won't wipe out his disgraceful departure.
We can forgive but we cannot forget.
https://www.ipetitions.com/petition/petition-to-remove-magnus-bocker-as-the-ceo-of-sgx
SGX should just keep its mouth shut. The truth was Magnus Bocker had a disgraceful departure from SGX but SGX still wanted to honour him. His passing on won't wipe out his disgraceful departure.
We can forgive but we cannot forget.
A fruitless gold shop robbery in Malaysia! Robbers left in frustration!
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