Tan Kin Lian's Blog: Challenges facing Singapore

Saturday, October 01, 2011

Challenges facing Singapore

Here is an excellent article by Lucky Tan who writes about the problems that will be faced by Singapore in the near future, as we have many of the characteristics of America that has caused huge challenges to their government. I agree with his views as stated in this article.

4 comments:

yujuan said...: Anyone ever consider the amount of money our GLCs are pouring into China? Into Jian Hang (China Construction Bank) and the real estate. If China's bubble is pricked, Singapore's bubble would burst along with the billions our Govt poured into this communist country. Then the banking scenario of the RBS of UK would happen, the Chinese nationalizing the failing banks, with their portfolio of over valued property loans.
Dun you think our PAP Govt is placing too much optimistic exuberance on China? Are we being lulled into complacency, there is such a thing called let the big unsustainable bubble burst first, before we could rise above the ashes to make another bubble.
Only the real smart alect would say " now is the ripe time to go in for the kill."
Is Singapore the smart aleck, or the sucker. The answer lies in our 2 SWFs' performance of the past 3 years.
There was a movie about something catastrophic going to happen to this world in 2012, pray that is only a figment of imagination of movie makers out to make money only.
Or just take that the comments made here are only the senile ramblings of a senior citizen having nothing better to do.; October 01, 2011 4:02 PM
yujuan said...: There is an interesting article on the Iskandar Corridor of Johore by an outsider in the papers today.
The bystander always sees the picture clearer than the one inside the circle.
For investors, both big and small to ponder.
Like the part, quote

" if you build it, they may come - but whether they stay and grow is another matter." In the heat of exuberance, Malaysia may be embarking on the wrong course in Iskandar. Nevertheless, it's attractive to retire there, but if world economy goes bust, you could get a much better deal over here.
Better to wait till next year or two.; October 01, 2011 6:09 PM
Anonymous said...: Dear Mr.Tan,
I have read many articles by you, Lucky and yawning bread on the global economy and these articles are generally well written but pointed to the doom days scenario coming soon.

I have on my part generally liquidated 90% of my investment and stay liquid in S$ earning the 1% interest as I am not sure what else is safe in this environment having lost a great amount of cash in the structured products and equity. I can not afford to lose anymore as I have "retired" being an overaged PMET. I still have kids in the University and school.

Can you write an article on how retirees like me who need to preserve his savings on where to deploy the cash? The assets allocation plan with cashflow planning and assets preservation?

Such an article will help many.; October 02, 2011 4:26 PM
Anonymous said...: Dear Kin Lian,
On the local stock market, it has not declined much (down 14.5% from 52 weeks high)relative to other markets like Europe France (19.2%), Hong Kong (21%)while others are in the 10% range.

What is your view on the local market index trend in view of the negative sentiments? Personally, I think the index is heading to 2000 by December and may be 1500 by June next year if the global economy indeed heading south. What is your view? It generally takes a year to reach the bottom from past experience.; October 02, 2011 4:33 PM