Saturday, October 25, 2008
Post no. 493
RECAP POST NO. 256.
Post no. 256
Dear all..
Im ready for year 2008!
In the financial world, as each year unfolds, a particular theme would emerge as the 'tagline' for the economy front.
In 2004/5, it was the jobless recovery.
In 2006, it was the high fuel prices.
In 2007, it the housing loan woes.
What would it be in 2008?
On the political front,
In 2003/4/5, it was the WAR against Terror.
In 2006, it was the stabilisation of Iraq after sporadic fighting erupts all over ground Zero. In fact, there were also the HAMAS conflicts.
In 2007, it was a combination of everything with no clear direction. Either that or just everyone is sick of the old story over and over again.
In Singapore, We have to grapple with issues like
2004, Save the Tsunami victims..
2005, NKF Saga.
2006, Youth Challenge Saga.
2007, Ren Ci Hospital Saga, increasing inflation..
As we move forward into the new year, I hope 2008 will be filled with lots of turmoils and upheaval... yes, you heard me right. Not in the disasters sense but in the 'lots of changes' sense.
Hold on to your seats.... this is going to be one hell of a year. =) Dont say i never warn you.
Regards
------------------------------------------------------------------------------------------------
Fast forward...
Oct 2008.
Market Turmoil!
STI at 1600!!!
Dont ignore the signs. Its a prelude of things to come. =)
On the bright side...
There is a silver lining to this. Was talking to this very rich friend of mine yesterday... lets call him DRACO to protect his real identity.
We have hatched a plan to buy some private property when the property market really turns sour.
Being the very wise me.. I was immediately able to have this vision of cheap private homes (thanks to individuals who over stretched themselves in good times)...
In fact, i see that happening in about 3 years. All was rosey and i was getting carried away imagining how much money i would make once i sell off this private property until he casually asked..
"So how much money do you have...."
Regards
Minibonds hater.
Post no. 256
Dear all..
Im ready for year 2008!
In the financial world, as each year unfolds, a particular theme would emerge as the 'tagline' for the economy front.
In 2004/5, it was the jobless recovery.
In 2006, it was the high fuel prices.
In 2007, it the housing loan woes.
What would it be in 2008?
On the political front,
In 2003/4/5, it was the WAR against Terror.
In 2006, it was the stabilisation of Iraq after sporadic fighting erupts all over ground Zero. In fact, there were also the HAMAS conflicts.
In 2007, it was a combination of everything with no clear direction. Either that or just everyone is sick of the old story over and over again.
In Singapore, We have to grapple with issues like
2004, Save the Tsunami victims..
2005, NKF Saga.
2006, Youth Challenge Saga.
2007, Ren Ci Hospital Saga, increasing inflation..
As we move forward into the new year, I hope 2008 will be filled with lots of turmoils and upheaval... yes, you heard me right. Not in the disasters sense but in the 'lots of changes' sense.
Hold on to your seats.... this is going to be one hell of a year. =) Dont say i never warn you.
Regards
------------------------------------------------------------------------------------------------
Fast forward...
Oct 2008.
Market Turmoil!
STI at 1600!!!
Dont ignore the signs. Its a prelude of things to come. =)
On the bright side...
There is a silver lining to this. Was talking to this very rich friend of mine yesterday... lets call him DRACO to protect his real identity.
We have hatched a plan to buy some private property when the property market really turns sour.
Being the very wise me.. I was immediately able to have this vision of cheap private homes (thanks to individuals who over stretched themselves in good times)...
In fact, i see that happening in about 3 years. All was rosey and i was getting carried away imagining how much money i would make once i sell off this private property until he casually asked..
"So how much money do you have...."
Regards
Minibonds hater.
# posted by 好人 @ 8:54 AM 
