Tuesday, September 30, 2008
LOL @ 2am US govt reject bailout.
meaning the US$700bn bailout plan has curretnly been scraped.
wat alot of ruckus.
sunday and monday they were all GOGOGO.
now they say NONONO.
ok alright wat are teh consequences...
first of all...
recession will come.
good or bad?
well recession on its own is defintely a bad thing.
but with this resulting recession, it 'll RESTART the US ecomony, by taking out the
ineffecient firms.. all those ppl who are non-productive.. inefficient.. and the like..
all will be wiped out from the market..
so when the recession ends,(predicting 2 yrs from now)
the US economy will be SUPER clean and efficient.
(also policies made during this period are crucial)
this new clean US economy will in turn bring about huge economic growth in the country
as well as its trade partners, us.
with this i predict unprecedented growth of the US and the world economy.
BUT all of this still need to depend on market forces..
how speculators will react and how much moeny will be pumped in.
yes the inefficeitn producers will be cleaned up, but if protectionism laws
step in.. than all this will be in vain.
so this is the bitter medicine.
which i feel will be much better.
yes hardship willl be all around. even though asian economies seem to be doing fine atm..
but rather than sweeping the problems under the carpet
i.e. the financial bailout plan...
this should result in a much better ending.
well all the best to all of us..
maybe we sld donate a kidney...
ya abuot that SG policy. nothing is fixed yet.
but we're looking at 10s of thuosands in order to REIMBURSE
the donor for his life time without an organ or two.
the key arguement made here is we are not BUYING or SELLING
we are REIMBURSING the donors.
so wats the diff? tts teh arguement.
its a thin red line btw the two. so will be tricky.
but we still got to wait and see how the policy is going to be like.
Electricity rates have gone up by 21++% as a result of
FORWARD FUEL OIL prices.
in the STRAITS TIMES on the 30th sept
i quote, " forward fuel oil prices for teh next three months is $155.14 per barrel, up 38 per cent from $112.35 per barrel for the current quater.
obviously someone didnt tell them that oil prices have fallen...
--with respect to the recent times-- DRASTICALLY
well yes it has to go up sooner or later,
going up all in 1 shot at 20 odd % is ridiculious and totally unlike the SG govt.
they often put in low stead increases.
but its bound to go up. they say they may review it downwards nxt yr in jan..
unlikely.. look at the taxi petrol levy/surcharges.
next time the cabbie driver asks for the extra 30c u tell him oil prices have fallen to
ZOMG BELOW $100
so tell him to star star hex hex off.
its seriously low now..
the futures are now at $98.22
whereas the WTI Cushing Spot is at $96.37
SERIOUSLY WTF. DAMN LOW(respective to recent times)
ya so that sucks...
now Transport fares..
again they are reviewing it upwards.
again they blame manpower costs and rising fuel costs.
SMRT is a PUBLIC TRANSPORT SYSTEM...
not a private company seeknig to earn profits.. thats what it shold be..
but nooooo its a PUB LTD. i.e. public limited company
fully listed on teh SGX
joke.
this was imminent.. what with MORE busses
apparently anyway.
everyday to school i take a bus.
its late or full.
so yeah. not convinced.
SMRT says it has more train services.
not convinced clearly they dont take trains in the monring.
have u seen the train at around 7.30 to jurong east from the NorthSouth line?
its mad.
i dont take it.. but i see also scared. its like those japanese mrts..
crushed..
on the bright side..
student and child fares will not increase.
whooopie! leaving sch in 2 months thus using the adult fare thus will be affected..
sucks.
my earlier post on how ferrari screwed up well Massa was very
erm nice?
he said no point scolding the pit crew who screwed up.
he encouraged the guy inorder to motivate him/them to do better.
swell guy. =/
love kills slowly 7:46 pm
