Comments on: S$400b in Singapore market cap wiped out in 2008 http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/ Singapore's #1 Socio-Political Site Fri, 25 May 2012 04:31:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: George http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-106714 George Fri, 25 Sep 2009 17:05:29 +0000 http://theonlinecitizen.com/?p=4620#comment-106714 Any loses as long it is confined to paper lost , then no real harm is done. This financial tunamis was global and many investors in UK , USA and around the world lost large sum of money. It was a rare event. It is no consolation to Singaporean or anybody for that matter.Hopefully, country around the world had learned an expensive lesson. USA is proposing new regulation to manage banks hoping to prevent such disaster happening again. There is no garantee that such event would never happen again. Markets have a life of its own. Within one year three banks went to the wall. Starting with Icelandic bank, UK Northern Rock and finally US Leyman Brother. The signs were there but the regulators did not pick it up or if they did, they did not appreciate the gravity of the situation. The rest is history. Any loses as long it is confined to paper lost , then no real harm is done. This financial tunamis was global and many investors in UK , USA and around the world lost large sum of money. It was a rare event. It is no consolation to Singaporean or anybody for that matter.Hopefully, country around the world had learned an expensive lesson. USA is proposing new regulation to manage banks hoping to prevent such disaster happening again. There is no garantee that such event would never happen again. Markets have a life of its own. Within one year three banks went to the wall. Starting with Icelandic bank, UK Northern Rock and finally US Leyman Brother. The signs were there but the regulators did not pick it up or if they did, they did not appreciate the gravity of the situation. The rest is history.

]]> By: angry_one http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-44491 angry_one Fri, 09 Jan 2009 09:49:46 +0000 http://theonlinecitizen.com/?p=4620#comment-44491 From a very abstract point of view, the present financial model is silly and broken. All the 'billions' lost during this crisis doesn't exist! The value of a company's stock is based solely on the public's confidence of its value, and not its real backed-up capital. So all these 'losses' are more like restorations to their real value, and a reality check on them. From a very abstract point of view, the present financial model is silly and broken. All the ‘billions’ lost during this crisis doesn’t exist! The value of a company’s stock is based solely on the public’s confidence of its value, and not its real backed-up capital. So all these ‘losses’ are more like restorations to their real value, and a reality check on them.

]]> By: moshedyan http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43826 moshedyan Tue, 06 Jan 2009 13:36:16 +0000 http://theonlinecitizen.com/?p=4620#comment-43826 why needs a news report? just asked the landlords they will tell you of tenants sad stories from lehman bros to the chua sisters by the end of the day the landlords would had said now do i tell MY sad stories to the bank dbs included.................................. why needs a news report?
just asked the landlords
they will tell you
of tenants sad stories
from lehman bros to the chua sisters
by the end of the day
the landlords would had said
now do i tell
MY sad stories to the bank
dbs included…………………………….

]]> By: ling dong looonged http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43559 ling dong looonged Mon, 05 Jan 2009 09:53:08 +0000 http://theonlinecitizen.com/?p=4620#comment-43559 the problem is many if not all people rely on the MSM newspapers for info. no time, whatever reasons. their impression of the real world is very much influenced by the impression derived from reading the msm. so, i mean, if SMEs retrench or sack 10 hear and there or 100 here and there , i am not sure if all these are being reported? of course, only if they know there is retrenching going on. the problem is
many if not all people rely on the MSM newspapers for info.
no time, whatever reasons.
their impression of the real world is very much influenced by the impression derived from reading the msm.
so, i mean, if SMEs retrench or sack 10 hear and there or 100 here and there , i am not sure if all these are being reported? of course, only if they know there is retrenching going on.

]]> By: loop http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43455 loop Mon, 05 Jan 2009 02:46:23 +0000 http://theonlinecitizen.com/?p=4620#comment-43455 No company in Spore has gone bankrupt yet so this is still ok? Or some SME has already closed down but nobody knows? No company in Spore has gone bankrupt yet so this is still ok? Or some SME has already closed down but nobody knows?

]]> By: Parka http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43396 Parka Sun, 04 Jan 2009 13:24:19 +0000 http://theonlinecitizen.com/?p=4620#comment-43396 All these 400b is just hyped up money anyway. Hyped up meaning companies valued more than they are producing in cashflow. More disturbing is the actual destruction of wealth by Madoff and what I think to be 'illegal' packaging of financial products into home mortagages and other products (like Minibonds) All these 400b is just hyped up money anyway. Hyped up meaning companies valued more than they are producing in cashflow.

More disturbing is the actual destruction of wealth by Madoff and what I think to be ‘illegal’ packaging of financial products into home mortagages and other products (like Minibonds)

]]> By: ling chikato samarudi http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43351 ling chikato samarudi Sun, 04 Jan 2009 04:19:45 +0000 http://theonlinecitizen.com/?p=4620#comment-43351 hey fellows, i got 1 doubt leh : tw, hk and sg all have very different political systems. yet they were once called the asian tigers. why is it that different political systems produced similarly remarkable economic results? is it in the 80’s - 90’s USA and Europe poured money investing in Asia? hey fellows,
i got 1 doubt leh :
tw, hk and sg all have very different political systems. yet they were once called the asian tigers. why is it that different political systems produced similarly remarkable economic results? is it in the 80’s – 90’s USA and Europe poured money investing in Asia?

]]> By: Cm Liew http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43337 Cm Liew Sun, 04 Jan 2009 03:05:48 +0000 http://theonlinecitizen.com/?p=4620#comment-43337 Holly Shit ! Holly Shit !

]]> By: isa http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43269 isa Sat, 03 Jan 2009 09:42:08 +0000 http://theonlinecitizen.com/?p=4620#comment-43269 Andrew, It would be helpful if you could share your experience on the financial crisis and why you think it will get worse. I'm sure it will benefit the novice investors out there(including myself) who have not weather such financial storms. I am seeing lots of stocks below book value (even after normalising it back to 2003 level). Andrew,
It would be helpful if you could share your experience on the financial crisis and why you think it will get worse.
I’m sure it will benefit the novice investors out there(including myself) who have not weather such financial storms.

I am seeing lots of stocks below book value (even after normalising it back to 2003 level).

]]> By: 1st world Ferris Wheel http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43212 1st world Ferris Wheel Sat, 03 Jan 2009 03:02:26 +0000 http://theonlinecitizen.com/?p=4620#comment-43212 http://www.hurriyet.com.tr/english/finance/10689687.asp?scr=1 Was this news about Creative Technology retrenching 2700.00 workers ever reported in CNA or ST ? http://www.hurriyet.com.tr/english/finance/10689687.asp?scr=1

Was this news about Creative Technology retrenching 2700.00 workers ever reported in CNA or ST ?

]]> By: Ghim Moh resident http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43211 Ghim Moh resident Sat, 03 Jan 2009 03:01:15 +0000 http://theonlinecitizen.com/?p=4620#comment-43211 So far, I learnt it through Bloomberg news and this website. Only next year forecast was highlighted in Strait Times today. So far, I learnt it through Bloomberg news and this website. Only next year forecast was highlighted in Strait Times today.

]]> By: Jackson Tan http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43205 Jackson Tan Sat, 03 Jan 2009 02:04:32 +0000 http://theonlinecitizen.com/?p=4620#comment-43205 2008 witnessed a massive destruction of the Singapore economy. According to CNN, <a href="http://edition.cnn.com/2009/BUSINESS/01/02/singapore.economy/index.html" rel="nofollow">Singapore's GDP slumps 12.5 percent</a>. I'm no economist; I'm not sure how bad that is, but 12.5% sounds terrible (at least terrible enough to be featured as an article on CNN). I can't find similar news from our local news sources. This could mean two things: CNN is misreporting, or our local media are obeying their motto of "only listen to the good news". 2008 witnessed a massive destruction of the Singapore economy. According to CNN, Singapore’s GDP slumps 12.5 percent. I’m no economist; I’m not sure how bad that is, but 12.5% sounds terrible (at least terrible enough to be featured as an article on CNN).

I can’t find similar news from our local news sources. This could mean two things: CNN is misreporting, or our local media are obeying their motto of “only listen to the good news”.

]]> By: John Harding http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43194 John Harding Fri, 02 Jan 2009 20:01:56 +0000 http://theonlinecitizen.com/?p=4620#comment-43194 The fact that half the market cap of Singapore stock has been wiped out in 2008 seems lost on Singaporeans. To read the news, one would think that Singapore is still booming. This is a part of the economic "Repression," or denial by most of the media that we are in a Depression. What will Singapore do? Fire Singaporeans to keep the FT's alive, or risk firing FT's and losing them to other countries (not a bad idea). Singapore is in denial and overpopulated. Will there be Singapore boat people - it is possible. Luckily for them - other countries are nearby... The fact that half the market cap of Singapore stock has been wiped out in 2008 seems lost on Singaporeans. To read the news, one would think that Singapore is still booming. This is a part of the economic “Repression,” or denial by most of the media that we are in a Depression. What will Singapore do? Fire Singaporeans to keep the FT’s alive, or risk firing FT’s and losing them to other countries (not a bad idea). Singapore is in denial and overpopulated. Will there be Singapore boat people – it is possible. Luckily for them – other countries are nearby…

]]> By: tiredsingaporean http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43189 tiredsingaporean Fri, 02 Jan 2009 17:33:56 +0000 http://theonlinecitizen.com/?p=4620#comment-43189 Dear Singaporeans, be prepared for more price hikes in this year 2009. Dear Singaporeans, be prepared for more price hikes in this year 2009.

]]> By: Jeamesrico http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43152 Jeamesrico Fri, 02 Jan 2009 13:46:27 +0000 http://theonlinecitizen.com/?p=4620#comment-43152 I think the people will be more able to understand the message of the article if it describes to them how does the 40% drop in value AFFECTs THEM. we are singaporeans, please. I think the people will be more able to understand the message of the article
if it describes to them how does the 40% drop in value
AFFECTs THEM.

we are singaporeans, please.

]]> By: me http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43111 me Fri, 02 Jan 2009 08:58:45 +0000 http://theonlinecitizen.com/?p=4620#comment-43111 aiya, its like tides, ebb and flow. one day it will come back, and it will be gone again. aiya, its like tides, ebb and flow. one day it will come back, and it will be gone again.

]]> By: aiyoyo http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43101 aiyoyo Fri, 02 Jan 2009 07:59:24 +0000 http://theonlinecitizen.com/?p=4620#comment-43101 aiyoyo 400b wipe out, omg when come back these $$$? aiyoyo aiyoyo

400b wipe out, omg

when come back these $$$?

aiyoyo

]]> By: TJ Atherton http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43089 TJ Atherton Fri, 02 Jan 2009 06:12:33 +0000 http://theonlinecitizen.com/?p=4620#comment-43089 TW commentator said in today's program if TW develops a singapore near the south, that will rival sgp seriously. he then suggest building 2. malaysia JB has IDR. If that succeeds, I can retire in a bungalow with a view that may cost me millions in sgp , if not unable to get one like that. So, I am keeping my fingers crossed. btw, TW ferris wheel gave a superb show on the countdown to 2009. somehow, they manage to operate their ferris wheel without problems. TW commentator said in today’s program
if TW develops a singapore near the south,
that will rival sgp seriously.
he then suggest building 2.

malaysia JB has IDR.
If that succeeds, I can retire in a bungalow with a view that may cost me millions in sgp , if not unable to get one like that.
So, I am keeping my fingers crossed.

btw, TW ferris wheel gave a superb show on the countdown to 2009.
somehow, they manage to operate their ferris wheel without problems.

]]> By: Lan of the Lan http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43083 Lan of the Lan Fri, 02 Jan 2009 05:47:54 +0000 http://theonlinecitizen.com/?p=4620#comment-43083 get what the .... i mean? get what the …. i mean?

]]> By: Lan of the Lan http://theonlinecitizen.com/2009/01/s400b-in-singapore-market-cap-wiped-out-in-2008/comment-page-1/#comment-43082 Lan of the Lan Fri, 02 Jan 2009 05:47:10 +0000 http://theonlinecitizen.com/?p=4620#comment-43082 But if you stretch the chart over LONG TERM...... it may not so bad..... But if you stretch the chart over LONG TERM…… it may not so bad…..

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