Friday, October 07, 2022

WOTC - Property market in Singapore

 Wisdom of the Crowd: 50 % of the respondents said that the property market in Singapore will remain strong, due to demand from immigrants and limited supply. The other 50% said that it will fall in line with global markets.

Adolf Hitler was elected under a democratic system

 We are told that Adolf Hitler was an evil dictator that was responsible for the deaths of millions of people during the Second World War, and the killing of the Jews. He was elected under a democratic system and was popular with the people.

America has to rebuild its industrial base

 America faces a dilemma. They have to onshore some of the manufacturing jobs that were lost to low cost countries in past decades. Their industrial base has largely disappeared. They have to rely on the supply chain from overseas.

What is the solution?

Thursday, October 06, 2022

Wisdom of the Crowd - New Issues

1. Should people be allowed to display a placard to advocate change?
2. Should people be allowed to demonstrate peacefully?

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Borrowings by poor countries

Poor countries need to borrow money from rich countries to fund their infrastructure and economic development. They have to pay interest on the borrowings and return the capital at the end of the term.

WOTC - Why do Chinese Singaporeans support China?

 Wisdom of the Crowd: 81% of respondents said that Chinese Singaporeans support China because of two reasons.

Wednesday, October 05, 2022

WOTC - Support for Russia

 Wisdom of the Crowd: 81% of the respondents said that China will continue to support Russia, but China wishes to see a negotiated peace in Ukraine.

Tuesday, October 04, 2022

Wisdom of the Crowd - New Issues

1. Is Russia losing the war in Ukraine?
2. Will Russia use nuclear weapons in the war in Ukraine?

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WOTC - War in Ukraine

 Wisdom of the Crowd: 75 % of the respondents said that Russia is doing well and will win the war in Ukraine. (This was before the recent success of Ukraine in the war).

Sharp increase in utility bill

 I have been paying my utilities bill through GIRO for the past years. The average monthly bill was $400.

I was shocked to receive an email that the amount owing for Sep 2022 was over $2,000.

Monday, October 03, 2022

WOTC - Trust bank

 Wisdom of the Crowd: 55 % of respondents said that the Trust Bak set up by Fairprice will not be profitable as there are already too many digital and traditional banks in Singapore.

Sunday, October 02, 2022

A global recession, so what?

 Many people expect a global recession in 2023. It is not a bad situation. It may be good for the world. We only need a way to adjust to the new situation.

WOTC - Pedestrian crossing

 Wisdom of the Crowd: 76 % of the respondents said that pedestrians should be allowed to cross the road even when there is a red man at the pedestrian crossing, as the road may be free of traffic.

WOTC - Trust bank set up by Fairprice

 Wisdom of the Crowd: 68 % of the respondents said that they will not support Trust Bank because the prices in the Fairprice supermarkets are too high.

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