Saturday, March 25, 2023

WOTC - Recent failures of banks

Wisdom of the Crowd: 69% of the respondents said that the recent failure of a few banks will cause a major problem as other banks in America and globally are likely to follow.

https://tklcloud.com/Crowd2/chart3.aspx?id=2850 

Wisdom of the Crowd - New Issues


1. Should a country increase its pension age in line with increase in life expectancy?
2. Is it fair for the government of France to increase the pension age from 62 to 64?
3. What is a better way to save for retirement?
4. Did Leong Mun Wai made allegations without checking the facts.
5. Did Leong Mun Wai act irresponsibly in Parliament?
6. Did minister Shanmugam acted fairly and objectively?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Tik Tok in America

 The US Congress is currently scrutinizing Tik Tok's operations to assess whether the app poses a security threat that warrants its prohibition in America. The concern is that the data collected by the app could be accessed and used by the communist regime of the People's Republic of China (PRC).

In response, Tik Tok has clarified that the information belonging to American users is stored in the US, beyond the PRC government's reach. Tik Tok is a commercial enterprise that provides a valuable service to its users.
Approximately 150 million people in the US, representing almost half of the population, use Tik Tok, with most of them belonging to Gen Z, although there are also older users and small business owners. These entrepreneurs have found Tik Tok to be an effective and affordable tool to promote their services to customers.
If Tik Tok were to be banned, the users would likely feel angry towards the government and their representatives. They argue that the purported security risks are unfounded, and that those responsible for the decision are disconnected from the reality of modern technology. Many of them do not use Tik Tok anyway.
Tan Kin Lian

WOTC - China's role in Ukraine

 Wisdom of the Crowd: 56% of the respondents said that China will fail in its effort to find a peace settlement in Ukraine because the western countries would not allow this outcome.


https://tklcloud.com/Crowd2/chart3.aspx?id=2851

Wisdom of the Crowd - New Issues


1. Should a country increase its pension age in line with increase in life expectancy?
2. Is it fair for the government of France to increase the pension age from 62 to 64?
3. What is a better way to save for retirement?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

















Thursday, March 23, 2023

A new currency for BRICS - Rix

 In this article, I suggest how the BRICS can introduce a new currency, called the Rix, to be an alternative to the USD for international trade and by used as a reserve currency by other countries.

I invite comments.
https://tklcloud.com/Feedback/feedback2.aspx?id=5682

Wednesday, March 22, 2023

Wisdom of the Crowd - New Issues


1. Which name do you prefer for the new currency introduced by BRICS nation
2. Should the BRICS country introduce a new currency as an alternative to the dollar?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Credit Suisse AT1 Perpetual

 An investor bought the AT1 perpetuals issued by Credit Suisse. It offered a coupon of 5%.

His broker told him that, following the forced sale of Credit Suisse to UBS, the Swiss regulator exercised the non viable clause and wrote off these AT1 perpetuals to zero. Currently the value of the AT1 perpetuals is zero and illiquid so cannot be sold.
Shareholders also could not vote on the merger with UBS. They saw the value plunge from $1.86 to $0.72 overnight. It is unprecedented and that’s why there is talks on legal action as stated in the article https://fisca.sg/ArticleDisplay.aspx?ID=1315

Tuesday, March 21, 2023

Expense ratios of sovereign wealth funds

I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia.

The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek.

http://tklcloud.com/Feedback/feedback2.aspx?id=5679

Wisdom of the Crowd - New Issues

 

1. Should Lee Hsien Yang be disqualified from contesting the presidential election.
2. Is there double standards in the authority treating the KOM and LHY issues?
3. Will Xi Jinping be able to help find a solution to the Ukraine war?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Interest rate hike in US

 Wisdom of the Crowd: 64% of the respondents said that the US Fed should continue its interest rate hike to bring down inflation.


https://tklcloud.com/Crowd2/chart3.aspx?id=2848

Monday, March 20, 2023

WOTC - President of Singapore, LHL

 Wisdom of the Crowd: 83% of respondents said they would not vote for Lee Hsien Loong as president of Singapore.


https://tklcloud.com/Crowd2/chart3.aspx?id=2846

WOTC - President of Singapore

 Wisdom of the Crowd: 94% of respondents said that they would not vote for Ho Ching as president of Singapore.


https://tklcloud.com/Crowd2/chart3.aspx?id=2845

WOTC - Silicon Valley Bank

 79% of the respondents expect the collapse of Silicon Valley Bank to spread to other banks and the wider economy.
https://tklcloud.com/Crowd2/chart3.aspx?id=2847

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