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KAMAL0883
Supreme |
26-Aug-2015 17:22
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x 0
x 0 Alert Admin |
cash is king ...where you wanna park your cash ? in bank earn the peatnuts interest ? eventually dump into equity again
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WanSiTong
Supreme |
26-Aug-2015 17:13
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x 0
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China&rsquo s interest rate, RRR cuts unlikely to spur economic growth: DBS August 26, 2015 : 4:01 PM DBS Bank says China' s lower interest rate and reserve requirement ratio (RRR) are unlikely to spur slowing economic growth the world' s second-largest economy. China' s central bank announced on late Tuesday it cut interest rates by 25 bps to 4.60% and RRR by 50 bps to 18%, following the rout in its equity markets. DBS says the move to cut lending rates may not stimulate consumption - a component of gross domestic product (GDP) - at least in the context of Asian economies. " Now, you might get a bit of movement if you did that in the US or indeed, Australia. [But], at least not in Asia anyway," DBS ' chief investment officer Lim Say Boon writes in a note on Wednesday. He argues that lower interest rates are more likely to induce Chinese consumers to spend " a bit less" and save " a bit more" to compensate for lower savings rate. Meanwhile, increasing the amount of credit available via a RRR cut and making credit cheaper should lift investment growth over time, Lim feels. But this may not happen in China, given that investment - another component of GDP - is dominated by state and state-owned companies. He believes that the private sector would be more driven by cheaper and more available credit instead of the public sector. " So far, these cuts - which started late last year - have not done very much," notes Lim. Furthermore, he says net exports can not be stimulated by interest rates, which explains why China had deliberately devalued the renminbi. Lim says the market is expecting the government to increase fiscal spending, which he dubbed as the " big bazooka" . But he notes that China may be hesitant to undertake increased fiscal spending, given that it did not achieve the desired outcome the last time. |
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risktaker
Supreme |
26-Aug-2015 16:59
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
feeling uneasy in the market ....me neither short or long now.... just becareful... | ||
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risktaker
Supreme |
26-Aug-2015 16:49
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
short term liquidity (1- 6 days) for rolling loan position.....
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FATABA
Supreme |
26-Aug-2015 16:43
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WOW...interest rate cut / reduction in banks holding amt. and now this....the CHINESE govenment will realy pump up the eco and get its 7% Actually either 7 or 6 % growth is still very healthy grow ....which other large eco has this number or even above 5% ?
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Siwomp
Supreme |
26-Aug-2015 16:25
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x 0
x 0 Alert Admin |
abt USD20billion | ||
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limkt009
Master |
26-Aug-2015 16:20
Yells: "Watch your front, grab $$$$$$$$ at your own time" |
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Siwomp
Supreme |
26-Aug-2015 16:07
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x 0
x 0 Alert Admin |
Maybe Dow rally 500+pts tonight..... hehe | ||
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risktaker
Supreme |
26-Aug-2015 15:53
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
fake rebound everywhere....think cash is king.... no assets is safe. | ||
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dragonforce
Member |
26-Aug-2015 14:17
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x 0
x 0 Alert Admin |
Very hard to get rid of smell despite wearing new clothes |
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WanSiTong
Supreme |
26-Aug-2015 14:08
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China Focus China to restrict stock index futures trading to curb speculationAugust 26, 2015 : 12:08 PM China will restrict trading in stock index futures in a bid to curb speculation, according to an exchange statement, after the futures contracts slumped by their 10 per cent daily limit for two consecutive days. China Financial Futures Exchange announced a series of measures late on Tuesday, including raising margin requirements for index futures trading, restricting daily open positions and including transaction fees. The measures would take effect on Wednesday, it said. |
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WanSiTong
Supreme |
26-Aug-2015 12:08
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Highlight How the silver standard wrecked China' s economyAugust 26, 2015 : 12:01 PM China' s devaluation of the yuan last week surprised many market observers The yuan, which is pegged to the dollar, had been rising in tandem with the US currency -. In part because of expectations the Federal Reserve will increase interest rates soon With China' s economy slowing , currency markets were pressing for the yuan to depreciate, and the Chinese government, seeking to boost competitiveness in export markets, gave in to the pressure and moved the peg. This is not the first time the two countries' monetary policies have been closely intertwined. In the Great Depression, China found itself vulnerable to the price of silver, thanks to the misguided moves of US policy makers. . The Great Depression was a global crisis - almost Every significant economy was devastated, with one notable exception: China The reason was simple In 1929, the US and every other major nation pegged their currencies to gold As the economic historian Barry Eichengreen... has described, adherence to this standard punished countries by imposing " golden fetters" that led to crippling deflation. The fixed exchange rates of the gold standard helped transmit the monetary shocks around the world. China, alone among the world' s major economies, operated under a silver standard in which the currency was pegged to a specific weight of that metal. This had the effect of allowing its currency to depreciate, and largely shielded it from the worst effects of the Great Depression. The economic historian Ramon Myers concluded that " China simply did not experience any national economic depression as the world depression deepened." As the Depression worsened in the early 1930s, the world' s biggest economies came off the gold standard, allowing them to expand their money supplies and stimulate demand. As plenty of scholars have observed, countries that did so recovered more quickly. The US took the plunge in 1933, during the first year of Franklin Roosevelt' s presidency. That was the first blow to the Chinese economy, ruining the competitive advantage it possessed when all other countries remained on the gold standard. As its currency began to appreciate, making its goods more expensive in world markets, its balance of payments turned negative, and imports exceeded exports. The worst was yet to come. In the US, Senator Key Pittman of Nevada was hatching a plan that would prove the undoing of China. Pittman, the chairman of the Foreign Relations Committee, professed to be concerned that China was stuck with a silver currency that had limited purchasing power in global markets. If Pittman could drive up the price of silver, he proclaimed, China would see its purchasing power increase, enabling it to purchase more goods from the US. Both countries would benefit. It was not a coincidence that Nevada' s economy was highly dependent on silver mining. Nor was the fact that Pittman had significant investments in the dormant mines around his state' s famous Comstock Lode. But however dubious Pittman' s motives may have been, he possessed (forgive the expression) sterling political skills, and he soon marshalled these on behalf of his beloved silver interests, joining forces with legislators from other mining states to push through a comprehensive programme to drive up the price of silver. Pittman convinced Congress to pass a bill that obligated the Treasury Department to purchase domestic or foreign silver until the metal constituted a full quarter of the US monetary supply or when the price hit US $ 1.29 ($ 1.82). The Treasury Department raised legitimate concerns that the " artificially swollen price" of silver would drain the reserves of countries such as China. Pittman brushed these worries aside. . Once the law was enacted, Treasury began purchasing silver at the price of US $ 1.29, netting silver producers a tidy 64.5 cents profit after mint charges This amounted to a sizable subsidy to silver mining interests: The global price for silver was then a mere 35 cents an ounce. The price soon rose, almost doubling within the year. The citizens of Nevada were pleased. In China, however, the dramatic spike in silver prices turned the monetary system upside down. Although economists disagree about the magnitude of the blow to China, most subscribe to Milton Friedman' s account, which shows that the economy effectively imploded in 1934. The spike in silver prices triggered major deflation. Exports plunged still further, and Arthur Young, who served as a financial adviser to China from 1927 to 1941, later noted that it passed from " moderate prosperity to deep depression." Meanwhile, the Chinese government' s efforts to stem the flow of silver overseas failed: In 1935, 173 million ounces left the country. In November of that year, the Chinese government threw in the towel, nationalized what silver was left, and put the country on a paper currency standard. Two years later, the Japanese invaded, forcing Chiang Kai-shek' s Nationalist government to undertake a huge armament campaign paid for with paper money. Without silver reserves, inflation soon spiraled out of control. Between 1937 and 1945, prices rose more than 150% a year. This was a disaster for Chiang Kai-shek and a boon for Mao Tse-Tung' s Communists. As the credibility of the Nationalist government collapsed along with its currency, Mao swept to power. This was definitely not the outcome that Senator Pittman imagined when he first proposed to pump up the price of silver. So a word of caution to today' s monetary policy makers: even seemingly modest modifications can have profound, unforeseen consequences. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. |
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WanSiTong
Supreme |
26-Aug-2015 12:05
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Noon Market STI dips 0.77% to 2,863.98 at middayAugust 26, 2015 : 12:02 PM The Singapore market is trading lower at midday as investors show little interest in the attempt by China' s central bank to cut interest rates and boost growth. By 11.56am, the Straits Times Index was down 0.44% to 2,873.72. Market breadth was negative. Excluding warrants, decliners outnumber gainers 118 to 246. A total of 1.28 billion shares worth $ 688.7 million changed hands, giving an average price of about 51 cents per share for the entire market. Among the blue chips which advanced, CapitaLand is up 0.7% at $ 2.81 while City Developments is up 2% at $ 8.72. SGX is up 0.6% to $ 7.31 while SIA is up 1.5% to $ 9.88. Losers include DBS which is down 1% at $ 17.73, Genting Singapore which is down 2.6% at 74.5 cents, Noble Group which is down 2.2% at 45.5 cents and Wilmar which is down 1.4% at $ 2.74. In the broader market, New Silkroutes Group, Ezra Holdings, Silverlake Axis, Noble Group, and China Fishery were among the most actively traded counters. Among the decliners, Silverlake Axis fell 29% to 45 cents after a trading halt on its shares was lifted. The software solutions provider says the allegations outlined by a 42-page short-seller report are " baseless and without merit" . Silverlake says it is seeking legal advice and will investigate the source of the report. Meanwhile, the group will engage Deloitte Singapore to undertake a review of the allegations concerning the related party transactions. Creative Technology fell 6% to 89.5 cents. The digital entertainment products company reported FY15 losses widened 53% to US $ 33.4 million ($ 47.1 million). Group revenue declined 14% to US $ 99.5 million, as sales in Asia Pacific, the Americas and Europe fell 13%, 3% and 22% respectively. Eu Yan Sang slipped 1% to 41 cents. The retailer of Traditional Chinese Medicine made a 4Q loss of $ 3.6 million. A year ago, it had reported earnings of $ 1.6 million. Revenue fell 15% to $ 72.3 million. For the full year, earnings fell 70% to $ 4.6 million from a year ago as revenue fell 4% to $ 350.4 million. Companies that went ex-dividend on Wednesday include CNMC Goldmine Holdings, Fragrance Group, Jardine Cycle & Carriage, and Libra Group. |
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WanSiTong
Supreme |
26-Aug-2015 11:59
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Highlight Oil near 6-1/2 year low as China economy fears persistAugust 26, 2015 : 11:51 AM Crude oil futures dipped on Wednesday on fears of a hard landing for China' s economy, despite central bank moves to bolster stumbling growth and concerns about a supply glut. US stock futures resumed their descent in early Asian trade and Asian shares were seen on the defensive on Wednesday as monetary easing by China' s central bank had limited success in cheering up nervous investors. Brent lost 10 cents to US $ 43.11 a barrel ($ 60.5) as at 0110 GMT after it settled up 52 cents at US $ 43.21 a barrel in the previous session. US October crude fell 20 cents to US $ 39.11 a barrel, after finishing the previous session US $ 1.07 higher at US $ 39.31. ANZ said in a note that China' s rate cuts had calmed commodity markets, but they remained cautious and gains would be limited. " The displacement of high cost supply from the United States is taking much longer than expected, and it' s likely to keep the market substantially oversupplied in the short term, " the bank said. US crude stocks fell by 7.3 million barrels in the week to Aug 21 to 449.3 million, compared with analysts' expectations for an increase of 1 million barrels as refinery runs increased, data from industry group the American Petroleum Institute showed on Tuesday. Official inventory data from the US Energy Information Administration is due on Wednesday. " While the rate of global oil stock build is still set to decline, stocks will build for longer than initially anticipated," BNP Paribas said late on Tuesday, " As such, any price improvement will most likely take place from a lower starting point and the pace of any price improvement is likely to be slower than previously assumed. " Reuters market analyst for commodities and energy technicals Wang Tao said US oil may retest a support at US $ 37.91 per barrel. Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the Opec member are lifted, Iran' s oil minister Bijan Zanganeh said on Tuesday. Nigeria plans to export a total of at least 2.04 million barrels per day (bpd) of crude oil in October, the highest level this year, according to provisional loading programmes. With oil falling further, support is growing among non-Gulf members for action and even some Gulf officials are concerned about the latest drop in prices. Policymakers in top OPEC producer Saudi Arabia have remained publicly silent. |
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Demostation
Supreme |
26-Aug-2015 11:15
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x 0
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Electioneering is costly and in the US it could cost upto billions of US dollars. In Singapore, they also need money but not as much. Maybe $10 million or so for PAP being richer and full control of everything that is money, but as for oppositions, as they are poorer may not have so many millions for use, so probably they will budget but still may cost a couple of million sing dollars. It is a waste fo resources to hold elections. Lol. |
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teeth53
Supreme |
26-Aug-2015 11:06
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
0911 hot date. "Bo chak" Sold out liao.
Ya, need alot. Think red fot STI INDEX. |
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KAMAL0883
Supreme |
26-Aug-2015 10:27
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x 0
x 0 Alert Admin |
be patient ....need a little of times to clean up rubbish ...
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Demostation
Supreme |
26-Aug-2015 10:23
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x 0
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Two hurs into Asian markets, most futures are up except HongKong slightly weak. Think HK yesterday was spiking, so maybe profit taking a little. Generally, STI should close firm or up today. |
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cowabunga
Veteran |
26-Aug-2015 10:19
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x 0
x 0 Alert Admin |
so many rate cuts also no use. |
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Demostation
Supreme |
26-Aug-2015 10:15
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x 0
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China property companies likely to benefit from China rate cuts. I am looking at Weiye, think time for buyers to step in. |
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