Batten down the hatches

[stop it]

Talking to yourself is embarassing.  You are even more stupid than a year ago.

You were not amusing then, you are not amusing now.  Go away.

[wazzziz]

I agree, way to go wazziz, real estate is the best career choice these days. if you want a leg up there is a seminar on how to make millions in condos. I will obtain the details. Even though i am already both a professional financial advisor and a real estate agents for my sins, I still think there is more I can learn. the seminar is being given by one of the agents in the higher rungs of the business that moves amongst Singapores social elite. I  think he may also have shown a good friend of mine, a senior at a bank that my wife met, his condo!

Well its the way of the world...the higher up you go, the closer the network gets.  I am learning the way how this works.  The big names who do the seminars are doing seminars now because they have the time to hold them.  Oh they made their millions, why do you think they would want to give the inside secrets and tips away ?  Because they have made it big. It makes no odds to them to tell someone how to make millions. They own properties all over asia and know when to sell and when to buy.

I tend to stick to the property stuff nowadays.  I leave the financial stuff to my wife.  She is the financial whizz kid in our family.

[talking to yourself]

wazzzis stop it.

It's blatantly obvious you are replying to your own posts.
No one can even begin to be as hopeless as you are. It's not possible for you to be real.

Is it school holidays again or has Vulcan forgotten his login password today?

[oh no he's back]

I'm so pleased to hear you are finally finding success here in Singapore. You are now one of many who have come here empty and really made their mark.

I guess your required mark is pretty low, the useless bum even admits he hasn't achieved anything yet.

"......and hopefully will be playing my part out there soon."

The sarcasm was obviously lost 

Yes, sorry. He's been replying to himself as usual - masked the sarcasm as I thought it was that loser praising himself. 

[Exactly right]

When these guys talk and give presentations, you keep your eyes open, your brain in gear and your gob shut.  These guys know what they are tallking about. 

Get along to the seminars.  Look in the ST they are advertised there.

I'm really glad you are taking all those seminars advertised in the ST, but why stop there?

In my email, I receive on a daily basis advertising for p&nis enlargement, miracle diets and business offers from people in Africa who promise to wire $ 20 million into my account if wire them money first. I'm a "person in the know", and I can tell you that all of these work, honnest. You should try.

[Give him a break]

When these guys talk and give presentations, you keep your eyes open, your brain in gear and your gob shut.  These guys know what they are tallking about. 

Get along to the seminars.  Look in the ST they are advertised there.

I'm really glad you are taking all those seminars advertised in the ST, but why stop there?

In my email, I receive on a daily basis advertising for p&nis enlargement, miracle diets and business offers from people in Africa who promise to wire $ 20 million into my account if wire them money first. I'm a "person in the know", and I can tell you that all of these work, honnest. You should try.

Why don't you all lay off. He's just a young bloke trying to make his mark He is obviously trying to start out with nothing. You should admire his courage.

Happy to note that your girlfriend is now your wife Wazziz. Congratulations. Have you applied for PR yet ? Good luck with it.

[Adage]

It's like that old adage, when your barber's sweeper tells you to get into the stock market pronto, it's time to cash your chips and vamoose outta there.

So when housemen like wazzziz and his 7 dwarfs are advocating property as the biz to be in, then expect a major shake-out in the market.

[oh dear wazzer]

Your wife is a teller and you are investing in property when you have no money and no income.

Nice.

Only locals talk about "big names", "in the know" and "on the up".

So are you a tedious wind up?

[Vulcanl]

Wazziz,

I would be curious to know as well:  Have you obtained your PR yet?  

[Now you're thinking!]

The big names who do the seminars are doing seminars now because they have the time to hold them.  Oh they made their millions, why do you think they would want to give the inside secrets and tips away ? 

You're beginning to sound like a decent enough chap Wazziz, but read the above, come on!

Ask everyone on this forum whether anyone in their career fields, once having made it to the top, gives seminars to people in the evenings. Even teachers don't teach when they're at the top, and definitely not at weekends or in the evenings!

Furthermore, how many people give up their secrets once they've made their millions?!! OK, maybe if I hit a billion, I might relax. But for me, and the average person in the world:

$1 million: not enough, keep going
$10 million: not enough
$20 million: not bad, aim for $50m
$50 million: I'm on fire, let it ride!
$100 million: this is a lot of money
$200 million: OK, that'll do. Now let's give some evening seminars, advertised in the classifieds sections of free newspapers, oh and in those $10 haircut places too.

F@ck that mate, with some serious cash in the wallet I'd be living somewhere fun.

Don't put all your faith in those people Wazziz, the only reason they're giving seminars is that they need the cash or they're trying to sell you something.

[RT]

More bad news are coming out all over the globe on their economic
fronts today, bad and good news bouncing up and down since the beginning of
the year. Let's hope it will not be a dampener to the solid progress achieved
so far in our land of milk and honey. 

[RED ALERT]

Here we go.....it really is time to batten down the hatches.


Hard-nosed Fed sends global markets reeling

The global bond markets and the twin havens of the yen and Swiss franc have been flashing warning signs for weeks, tracking leading indicators as they topple like dominoes. They always sniff trouble first.

Wall Street and Western bourses have until now brushed aside worries that recovery in the US, Japan and southern Europe may be stalling – as have commodity markets – betting the lords of finance will come to the rescue with more liquidity if needed.

Equity investors learned this week that they had misjudged the risk of a relapse as fiscal stimulus wears off, and misread the willingness of the US Federal Reserve to respond. Wrongly viewing Ben Bernanke's Fed as a soft touch, they took a fresh blast of quantitative easing for granted before it was agreed.

What has emerged since the acrimonious Fed meeting on August 10 is that Bernanke was unable to marshal a consensus behind fresh QE. Seven members argued that Fed should not take such a drastic step until the economy was in serious trouble, according to Wall Street Journal Fed-watcher Jon Hilsenrath.

They settled on a compromise that the Fed should roll over holdings of bonds as they reach maturity to avoid passive tightening. But there was no deal on further action. Philadelphia's Charles Plosser grumbled that the Fed had sent "a garbled message".

More ominously, some Fed officials fear the central bank is already "pushing on a string" and does not have the means to revive the economy. Whether or not they are right, this comes as a psychological shock for investors schooled by the "Greenspan Put' into thinking that there is a deus ex machina in the wings.

Market tensions have been simmering for days. They erupted on Tuesday when Japan's yen smashed through resistance against all major currencies, reaching a 15-year peak against the US dollar. The Nikkei index buckled below 9,000 as yen strength pushed Japan's export industry deeper under water.

Yields on 10-year bonds fell to 0.92pc in Japan and record lows of 2.23pc in Germany and 2.88pc in the UK. They hit 2.47pc in the US, a Depression level. Irish spreads ballooned to the highest since the launch of EMU. Greek spreads neared 900 basis points, as if the EU's €110bn bail-out never happened.

This has been one of the most interesting days in finance ever," said Andrew Roberts, head of credit at RBS. "We are right at the tipping point. Yields are about to collapse even further, equities are about to turn over. The end game approaches, probably in next few weeks."

In the US, the 27pc collapse in existing homes sales in July leaves no doubt that America's property market cannot stand on its own feet without the prop of homebuyer tax credits. "Home sales are in free-fall. These are truly dismal numbers," said Teunis Brosens from ING.

The overhang of unsold homes has jumped from 8.9 months' supply to 12.5, higher than at any point during the Great Recession. Over 20pc of mortgage holders are already in negative equity and home default notices hit 325,000 in July.

The Richmond Fed's manufacturing index showed a plunge in August expectations on Tuesday, with shipments dropping to 7 from 40 two months earlier, and the backlog of orders dropping to -1 from 22. This follows the Philly Fed's crash last week to -7.

Stephen Lewis from Monument Securities said bond yields have dropped further than they did in the "flight to safety" extreme of late 2008, a sign that markets fear that underlying conditions are even worse today than they thought then. "Now they fear the global economy will remain in the mire for decades," he said.

For the Japanese this has become a nightmare. Their V-shaped rebound has been cut off short of its 2008 peak. Growth stalled to just 0.1pc in the second quarter. Unemployment has been rising for four months.

Yet it is their curse to have a currency that strengthens at the wrong time, pushing them deeper into deflation. The Japanese repatriate their foreign wealth in storms, driving up the yen. The dollar-yen rate hit ¥83.6 yesterday, prompting ever warnings from Toyko that intervention nears. Finance minister Yoshihiko Noda said the moves were "disorderly" and posed a threat to stability. "I am watching currencies with great interest," he said.

Goldman Sachs said the yen was now overvalued by 20pc, or two "standard deviations" out of kilter. It was even more over-valued against the dollar in the mid-1990s but that is scarcely relevant. Over 60pc of Japan's rebound in exports has been driven by Asia, and only 13pc by the US. What matters is the yen rate against China's yuan. That has reached a crucifying ¥12.4. The vice grips ever deeper.

[wazzziz]

According to many of the people we know, this region of asia should be fine.  What we have is a shortage of homes, not a lot of land and an increasing foreign migrant population, as well as the usual western expats/Foreign Talent etc. 

Since the IR has opened, its been a massive boost to the economy. You can see all around you just how great things are.  I dont see it dipping at all. Certainly none of the people we know have said this will happen.

[Vulcanl]

wazzziz,

I am really curious to know: how did you obtain your PR so quickly?

[Hahahazzziz]

Wazzziz.......The rich mainly from around the region, will continue to park
their monies in properties here as they perceived it as a safe
haven. This figure in the prosperity statistics. Very neat and
nice. The rich moves and deal within their own circles. Only
a small fraction of locals are in these circles .How this will impact
 our social fabric, it is being played out now.
The mass market has reached the saturation point and
inevitably will slow down this segment of the market.
Uncle Sam, PIIGS are still finding their way around.
The IRs visitors do not come here to buy properties. They
come to gamble and then go home. They don't buy properties
in Macau or around Genting do they?
How the above will affect us, you figure it out.

How and in what way the above are going to affect us,
you figure it out.