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beaverjuice

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http://news.asiaone.com/news/business/budget-2016-good-balance-dont-underestimate-impact-slowdown


STIMULUS

Given the economic slowdown, a stimulative fiscal policy stance is appropriate, and there is evidence of that. An increase in spending on construction/infrastructure, healthcare, etc, is welcome.

Improved safety net provisions for the low-income, elderly and disadvantaged children are useful. The tax rebate for SMEs and extension of wage support schemes will provide some benefit.

However, my sense is that the Finance Minister has underestimated the strength of the deflationary forces upon us from the global and regional outlook.

Global growth is likely to be around 3 per cent, and China's manufacturing slowdown (with the sector growing at around 2 per cent) is significant. Some greater fuel to kindle animal spirits would have been helpful, and reassessing property measures would be a low-risk way of achieving it.


Piyush Gupta is CEO of DBS Group Holdings.






my dear Piyush - reassessing property measures won't cut it,  Finance Minister needs to go the whole hog and introduce direct stimulatory measures.  I can suggest the following ways to do it:
    direct cash grants to buyers of resale flat - $200K for married couples, $100K for singles
    allow PRs to buy HDB resale flats again instead of waiting 5 years
    allow HDB owners to sell BTO < 5 years provided they buy condo for next home
    give cash grants for married couples with kids who are buying condo - $100K for 1 kid, $200K for 2 kids etc
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chiasmus

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Re: Budget 2016: Good balance, but don't underestimate impact of slowdown
« Reply #1 on: March 27, 2016, 06:49:51 pm »
That CEO will only make suggestions which will improve his business.  Your suggestions all give grants, then who still need bank loans?

Peasants like me only know got max $500 cash to take.  :-X
洪荒之力 >> ding ding dong dong pew pew pew pew

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beaverjuice

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Re: Budget 2016: Good balance, but don't underestimate impact of slowdown
« Reply #2 on: March 27, 2016, 06:53:57 pm »
That CEO will only make suggestions which will improve his business.  Your suggestions all give grants, then who still need bank loans?

Peasants like me only know got max $500 cash to take.  :-X

https://en.m.wikipedia.org/wiki/Helicopter_money

80% of singaporeans own HDB.  Giving cash grants will be the match that will start the inferno ....

Create millionaires out of all singaporeans  stimulate the economy ....

Same as dropping money out of helicopter in HDB estates
« Last Edit: March 27, 2016, 06:59:49 pm by beaverjuice »
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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chiasmus

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Re: Budget 2016: Good balance, but don't underestimate impact of slowdown
« Reply #3 on: March 27, 2016, 08:03:43 pm »
https://en.m.wikipedia.org/wiki/Helicopter_money

80% of singaporeans own HDB.  Giving cash grants will be the match that will start the inferno ....

Create millionaires out of all singaporeans  stimulate the economy ....

Same as dropping money out of helicopter in HDB estates
When that happens, coffeeshop kopi-o will be selling for $10 each.  Isn't this the same as banana money during WW2?
洪荒之力 >> ding ding dong dong pew pew pew pew


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beaverjuice

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Re: Budget 2016: Good balance, but don't underestimate impact of slowdown
« Reply #4 on: March 27, 2016, 08:32:04 pm »
When that happens, coffeeshop kopi-o will be selling for $10 each.  Isn't this the same as banana money during WW2?

A closer parallel would be half the world away in the weimar republic which preceded ww2
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migration

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Re: Budget 2016: Good balance, but don't underestimate impact of slowdown
« Reply #5 on: March 27, 2016, 10:59:08 pm »
Off track a bit... I think Sg economy is going down hill because the economy has been focusing on jobs that don't create goods or services that add value.

This is especially true in the property market, where property and stall rental is neither producing goods nor services. And the rise in number of property agents who are just middle man and not adding value to the economy.

Remove all middle man jobs like insurance agents, property agents, sales agents etc. Get all manpower into producing real goods and services.
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chiasmus

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Re: Budget 2016: Good balance, but don't underestimate impact of slowdown
« Reply #6 on: March 28, 2016, 09:47:38 am »
Remove all middle man jobs like insurance agents, property agents, sales agents etc. Get all manpower into producing real goods and services.
Like this fella sgclub999, he is producing real services but too bad online gambling is illegal.
洪荒之力 >> ding ding dong dong pew pew pew pew

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beaverjuice

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Japan's negative rates a looming headache for central bank
« Reply #7 on: March 28, 2016, 12:36:12 pm »
http://www.channelnewsasia.com/mobile/latestnews/japan-s-negative-rates-a/2641790.html

..... unfortunately MAS cannot control interest rates so in response to Piyush Gupta's call to ah-Heng to "rekindle" animal spirits in the property market,  MAS will have to weaken SGD if we're to follow the japenis.

But is longing USD/SGD a winning trade? Last few weeks have proven that you should never bet against MAS.  They will whack you jialat jialat ....:(
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