The IMF and World Bank meeting is finally over. Whew.
Every Singaporean going to Suntec area now can finally fart publicly in peace without alarming the ever present police into drawing out their guns or putting on their gas masks.
The roads can finally be torn up again to build the Circle Line, of which its expeditious completion is very important to Singapore's economy. Transport companies will then finally have one more reason to hike up the fares. Consumers will thus increase their expenditure and at the same time have something to 'feedback' about.
Through this, as far as my deep knowledge of economics is concern, something called the multiplier effect will cause money to start raining from the sky and everybody will become rich! Social observers will also at last concede Singaporeans are not a group of meek and repressed sheep, but hey surprise surprise, can baaa nosily to the shepherd at times too!
In addition, I heard the shop owners in the vicinity are whooping and dancing happily around the Suntec Fountain of Fortune in tutu at the return of the hoards of shoppers.
For me, well, I no longer have to hear the insufferable 'beep!' every time I pass the metal detector at work and go through the 'alright-drop-your-pants-and-hands-on-the-wall-opps-sorry-it's-just-your-belt-buckle' routine. Some days, I had even considered wearing just a pair of swimming trunks to work to avoid this hassle.
Not that I will actually do it you know.
Anyway, simply by working in the meeting vicinity had earned me a doctorate in economics within a matter of days. I can tell you, for one, US economy are slowing down, which means the greenback's value may drop. For two, Iran is threatening to sell its dollar reserves in retaliation to US's policies against it. If it is acted out, that means the greenback value will drop. Thirdly, China and India is against US's suggestion to hasten their currency liberalisation. This doesn't necessarily mean greenback value will drop, but it does mean the Americans have been kicked ass again.
So my conclusion? It's better to invest in luohan fishes than in the greenback at this moment. At least the louhan might just 'present' four lucky numbers for you to strike 4D.
Listening and reading the news and economics newsletters (Yes, I do read those. Just before I use them as coasters), it worries me about what this World Bank and IMF meeting have achieved.
To date, the only resounding triumph is the passing of the IMF voting reform. Even at that, they haven't even figure out how to actually carry it through. The other noticeable burp is the revival of the Doha talks, or rather how important it is to revive the Doha talks even though it has been trash canned for the past five years.
Somehow, what went on in this meeting reminds me of the video in my previous entry. Maybe the delegates did produce something productive not reported. Or maybe they were just playing with paper aeroplanes and having beer parties inside the meeting rooms.
I just hope some tangible and positive actions will be done, effecting in similar outcomes.
Every Singaporean going to Suntec area now can finally fart publicly in peace without alarming the ever present police into drawing out their guns or putting on their gas masks.
The roads can finally be torn up again to build the Circle Line, of which its expeditious completion is very important to Singapore's economy. Transport companies will then finally have one more reason to hike up the fares. Consumers will thus increase their expenditure and at the same time have something to 'feedback' about.
Through this, as far as my deep knowledge of economics is concern, something called the multiplier effect will cause money to start raining from the sky and everybody will become rich! Social observers will also at last concede Singaporeans are not a group of meek and repressed sheep, but hey surprise surprise, can baaa nosily to the shepherd at times too!
In addition, I heard the shop owners in the vicinity are whooping and dancing happily around the Suntec Fountain of Fortune in tutu at the return of the hoards of shoppers.
For me, well, I no longer have to hear the insufferable 'beep!' every time I pass the metal detector at work and go through the 'alright-drop-your-pants-and-hands-on-the-wall-opps-sorry-it's-just-your-belt-buckle' routine. Some days, I had even considered wearing just a pair of swimming trunks to work to avoid this hassle.
Not that I will actually do it you know.
Anyway, simply by working in the meeting vicinity had earned me a doctorate in economics within a matter of days. I can tell you, for one, US economy are slowing down, which means the greenback's value may drop. For two, Iran is threatening to sell its dollar reserves in retaliation to US's policies against it. If it is acted out, that means the greenback value will drop. Thirdly, China and India is against US's suggestion to hasten their currency liberalisation. This doesn't necessarily mean greenback value will drop, but it does mean the Americans have been kicked ass again.
So my conclusion? It's better to invest in luohan fishes than in the greenback at this moment. At least the louhan might just 'present' four lucky numbers for you to strike 4D.
Listening and reading the news and economics newsletters (Yes, I do read those. Just before I use them as coasters), it worries me about what this World Bank and IMF meeting have achieved.
To date, the only resounding triumph is the passing of the IMF voting reform. Even at that, they haven't even figure out how to actually carry it through. The other noticeable burp is the revival of the Doha talks, or rather how important it is to revive the Doha talks even though it has been trash canned for the past five years.
Somehow, what went on in this meeting reminds me of the video in my previous entry. Maybe the delegates did produce something productive not reported. Or maybe they were just playing with paper aeroplanes and having beer parties inside the meeting rooms.
I just hope some tangible and positive actions will be done, effecting in similar outcomes.
posted by Cylee at
11:56 pm I