Fed aggressive rate hikes always cause deep recession
#91

when they had very high debts that they can not pay they need a war to destroy the debts when the markets globally are flooded with 2009 printed money and inflation is stubbornly high they need to destroyed the markets so that can restore stability that they call market order

https://www.youtube.com/watch?v=Vcr3YQK0eEY
Reply
#92

this is how the American lead the world and make America Great again
Reply
#93

ford was edison 苦力
https://www.youtube.com/watch?v=SFOOEShDEpo
Reply
#94

when usd sgd depreciates to 1.45

then we will spend $5 to buy five china fuji apples soon it will be like in 2020 i spend $1.2 to buy 青菜in ntuc now i will need to spend $2 plus to buy the same kind of vegatables in sg
Reply
#95

foreign investors drained $40 billion from emerging markets last quarter after FED aggressively hike interest rates and it will get worst and worst depending on company and household debt levels after 2009 into 2021
Reply
#96

some thing similar to this will happen very soon

https://www.mas.gov.sg/-/media/MAS/resou...l_2004.pdf
Reply
#97

Pan Electric crisis happened before the collpase of Clob and the 1997 crisis

https://www.latimes.com/archives/la-xpm-...story.html
Reply
#98

us will not go back to the 1990 china us realtionship again as they need to make the wealth effect disaapear from the mass printing of money after 2009
Reply
#99

so sg banking stocks will correct to level seen in 2001 after FED aggressive rate hikes moves in 2022

https://keppelchudesno.blogspot.com/2021...-ocbc.html
Reply

FED should be more aggressive in hiking rates to bring oil price to below usd70 and redirect the money from mortgage into buying food to eat

Mortgage rates drop for second straight week as recession fears grow
Breck Dumas
Fri, July 8, 2022 at 1:23 AM·1 min read

U.S. mortgage rates are down for the second consecutive week as investors seek a safe haven amid escalating recession worries.

Freddie Mac's latest Primary Mortgage Market Survey released Thursday shows the average rate on a 30-year fixed mortgage is now at 5.3%. The reading is down from last week's 5.7% average, but still up sharply from a year ago when the 30-year fixed rate sat at 2.9%.

The 15-year fixed rate also fell to 4.45%, down from the prior week's average of 4.83% and up from 2.2% the same week last year.

MORTGAGE APPLICATIONS SLIP FOR SECOND CONSECUTIVE WEEK

"Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise," said Sam Khater, Freddie Mac’s chief economist.

"While the drop provides minor relief to buyers, the housing market will continue to normalize if home price growth materially slows due to the combination of low housing affordability and an expected economic slowdown," he added.

As economic data points to an increased likelihood of a recession, rattled investors are retreating to U.S. Treasurys. Mortgage rates are linked to the 10-year Treasury yields, and fall with them in tandem.

STOCK FUTURES ADD TO GAINS AS FED SIGNALS MORE RATE HIKES

But mortgage rates remain up sharply since the beginning of the year, and the recent declines may do little to shore up demand in a cooling real estate market as more would-be buyers are priced out due to high home prices.

U.S. households are also feeling added pressure on their budgets due to soaring inflation, which sits at a 40-year high.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Consumer sentiment hit a record low last month as Americans' assessments of their personal financial situations tumbled.
Reply

during the 1997

https://www.washingtonpost.com/archive/b...6cd6ebb47/
Reply

buy UOI or UOB?

https://www.businesstimes.com.sg/compani...3-to-s266m
Reply

ompany Profile
United Overseas Insurance Limited (“UOI” or “the Company”) is a limited liability company
incorporated and domiciled in Singapore and is listed on the Singapore Exchange Securities
Trading Limited.
The Company is a member of the United Overseas Bank Group. The holding company and
ultimate holding company of UOI is United Overseas Bank Limited (“UOB”), which is
incorporated in Singapore and owns 58.39% of the issued share capital of the Company.
On 3 June 2021, A.M. Best affirmed the Company’s financial strength rating of ‘A+’ (Superior)
and the long-term issuer credit rating of ‘aa-’ (Superior). The outlook of these credit ratings
remains stable. According to A.M. Best, the ratings reflect UOI’s balance sheet strength,
which A.M. Best categorises as very strong, as well as its very strong operating performance,
neutral business profile and appropriate enterprise risk management (ERM). In addition, the
ratings factor a positive impact from the Company’s ultimate majority ownership by UOB.
Nature of Business and Key Products
The Company’s principal activities are the underwriting of general insurance business and
reinsurance. General insurance covers a broad spectrum of classes of insurance, among
which are fire, marine, motor, engineering, general accident and liability business.
Reply

aspial on the way to privatize maxi cash liked what he did with lee hua after its ipo in the 1990 underwriteened by oub
Aspial to consolidate local retail jewellery units under subsidiary Maxi-Cash in S$100m deal
FRI, JUL 08, 2022 - 8:55 AM
ELYSIA TANelysiat@sph.com.sg@ElysiaTanBT
maxi-cash.jpg
After the move, Maxi-Cash will be renamed Aspial Lifestyle, to reflect its expanded consumer lifestyle-related business. PHOTO: SPH MEDIA TRUST
MAINBOARD-LISTED Aspial : A30 0% plans to sell a group of its wholly-owned subsidiaries to another of its subsidiaries, Maxi-Cash Financial Services : 5UF +3.09%, for up to S$99.8 million, Aspial and Maxi-Cash said in a joint press release on Thursday (Jul 7).

The transaction, which will transfer ownership of all the issued ordinary shares in the capital of Aspial-Lee Hwa Jewellery Singapore, Gold Purple and BU2 Services to Maxi-Cash for a base consideration of S$87.8 million, is meant to consolidate Aspial’s jewellery brands.

With a 62.56 per cent stake, Aspial is the controlling shareholder of Catalist-listed Maxi-Cash. The deal will require the approval of shareholders of both companies to proceed.


Maxi-Cash plans to finance the deal with a combination of cash, settlement of debt and the issuance of new shares. For the S$87.8 million base consideration, it will issue approximately 311.7 million new shares worth a total of S$50.8 million, at S$0.163 each. This will bring Aspial’s stake in Maxi-Cash up to 71.78 per cent.

Based on the issue price, the aggregate of the total number of base consideration shares and the maximum number of earn-out consideration shares to be issued is approximately 348.5 million Maxi-Cash shares, which represents approximately 24.62 per cent of the issued share capital of Maxi-Cash, the companies said.

After the move, Maxi-Cash, which currently operates in pawn-broking, money lending and the sale and trading of pre-owned jewellery and branded merchandise, will be renamed Aspial Lifestyle, to reflect its expanded consumer lifestyle-related business. The new entity will include the Lee Hwa Jewellery and Goldheart jewellery retail chains.

SEE ALSO
Reply

https://www.channelnewsasia.com/business...th-2561901

and the crypto shots

https://www.coindesk.com/price/bitcoin/
Reply

STI surpasses analysts' expectations in H1 2009

• 31 Dec 2009

The Singapore stock market exceeded the expectations of market watchers in the first half of 2009. The STI climbed to the present level of 2,333, a 60 percent increased from a year-to-date low of just below 1,500 early in March.

This figure posted the sharpest increase in the region, partly because other property markets did not plummet as badly.

“By March 9, generally everything was oversold. People were very negative on the economy. There was basically no good news out there at all in March this year,” said Fundsupermart.com’s general manager, Wong Sui Jau.

“Purely on things like bargain hunting, things started to look up. Then, we had the ‘green shoots’ theory coming out and some indicators that were giving hope to investors.”

“At the beginning of the year, we were thinking that the markets will be kind of flat because the global economic outlook was really quite bad,” said Providend Chief Investment Strategist Daryl Liew.

“But we were quite surprised with the rise in the markets – it’s not just the STI that has gone up; it’s a global phenomenon. All global markets bottomed out in March and all have risen, just to different degrees.

“I think the key driver in the initial part of the rally was the emergence of the ‘green shoots’ – something that Ben Bernanke first mentioned. That buoyed global markets. Linked to that, there was a change in investor psychology.

“Markets had fallen so much, I think a number of investors sitting on a lot of cash decided that they would just jump in because valuations had come down to decent levels.”

The sector on commodities has been on the lead. Several investors reckon such stocks as a means to benefit from a potential increase in commodity prices, which is common during a pick up in the economy.

“Not only did the ‘bulls’ like commodities, the ‘bears’ liked it as well. Some bearish investors felt that all this printing by governments all around the world would cause the value of money to come down and value of real assets like commodities would move up,” Wong said.

without a lot more inflation relief packages i will see how the market can cope until 2025

https://www.reuters.com/markets/europe/f...022-07-07/
Reply

will this two exchanges survive after 2023?

https://www.cnbc.com/2022/06/22/coinbase...-fees.html

given the delevarging and unwinding going on due to FED aggressive rate hikes after march 2022
Reply

QT has not even started and this is what we get
[Image: Screenshot-from-2022-07-08-16-08-17.png]
Reply

Putin dares WEST to face him on the Battle field
Reply

usd sgd 1.407

dow futures continue to fall by 140 points

bitcoin still at usd19700 far away from its peak of usd65000
Reply

will coinbase end up the same fate as enron in 2000
Reply

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/fb584dce-a910...21896dc905

US economy added 372,000 jobs in June amid red-hot labour demand
Non-farm payrolls defied expectations for sharper slowdown while the jobless rate held steady at 3.6%
Tourists dine out in the North Beach district of San Francisco, California
The US labour market has remained a bright spot in the country’s economy despite growing recession fears © Bloomberg

Share on twitter (opens new window)
Share on facebook (opens new window)
Share on linkedin (opens new window)

Colby Smith in Washington and Kate Duguid in New York July 8 2022
71
Print this page
Receive free US employment updates

We’ll send you a myFT Daily Digest email rounding up the latest US employment news every morning.

Red-hot labour demand stoked another strong month of US jobs gains, defying expectations for a sharper slowdown and giving the Federal Reserve greater leeway to continue raising interest rates to stamp out soaring inflation.

Non-farm payrolls grew by 372,000 in June, the Bureau of Labor Statistics reported on Friday, far above the 265,000 that economists had expected and just shy of the downwardly revised 384,000 positions created in May.

With these gains, the unemployment rate stabilised at its historically low level of 3.6 per cent, just above its pre-pandemic threshold.

The two-year Treasury yield, most sensitive to monetary policy changes, jumped 0.09 percentage points to its highest level in two weeks on expectations the strong jobs figure would encourage aggressive Fed action.

Economists had widely expected monthly job creation to slow given the strength of the recovery and the fact that almost all of the jobs lost during the pandemic have been recouped.

Professional and business services jobs jumped by the most for the month, with 74,000 positions added. Employment in the leisure and hospitality sector rose by 67,000, helping to close a still 1.3mn gap for the sector compared to pre-pandemic levels.

Nearly 40,000 jobs were added to the transportation and warehousing sector with another roughly 30,000 positions created in the manufacturing space.

As June’s figures show, the labour market remains the bright spot of the world’s largest economy despite growing recession fears and concerns that American consumers are starting to tighten their purse strings as their pandemic savings dwindle.

“The strong 372,000 gain in non-farm payrolls in June appears to make a mockery of claims the economy is heading into, let alone already in, a recession,” said Andrew Hunter, senior US economist at Capital Economics.

In a statement released on Friday, president Joe Biden said the US is “uniquely well positioned” to tackle high inflation and other growth woes stemming from Russia’s invasion of Ukraine in light of the “historic strength” of the jobs market.

“No country is better positioned than America to bring down inflation, without giving up all of the economic gains we have made over the last 18 months,” he said.

Employers are still having to compete fiercely over a shrinking pool of new talent to fill a near-record number of job openings to keep up with strong consumer demand for goods and services. Lay-offs remain at historic lows and recent data show about 1.9 job openings for every unemployed person.

Average hourly earnings ticked up another 0.3 per cent in May, after a 0.4 per cent increase the previous period, and are now 5.1 per cent higher on a year-over-year basis.

Yet, the labour force participation rate, which tracks the share of Americans either employed or actively looking for work, dipped to 62.2 per cent as the labour force contracted by 353,000 people. That is more than one percentage point below levels seen before the start of the coronavirus pandemic.

With the Federal Reserve embarking on what is expected to be the most aggressive campaign to tighten monetary policy since the 1980s, economists fear the US jobs market is at serious risk, with unemployment likely to rise next year and into 2024, delivering a further hit to Biden’s popularity. However, his administration has said the slowdown in job creation is reflective of a transition to a “more sustainable pace of job growth”.

The US central bank has lifted its benchmark policy rate by 1.5 percentage points since March, having delivered the first 0.75 percentage point rate rise since 1994 last month.

Another jumbo adjustment is expected at its policy meeting at the end of the month. Policymakers are aiming to move interest rates to about 3.5 per cent by year-end, a level that actively begins to constrain economic activity.

“[June’s jobs report] is going to give the Fed more comfort in their decision to march on ahead with higher rates, because the employment side of their mandate is fine,” said Gargi Chaudhuri, head of iShares investment strategy for the Americas at BlackRock. “The labour market is still very strong.”

Minutes from the June meeting suggest officials have increasingly accepted that their efforts to quell the highest inflation in 40 years will require “some slowing in economic growth and tempering in labour market conditions”. Most have pencilled in the unemployment rate rising to 4.1 per cent in 2024, as core inflation drops to 2.3 per cent.

More pain may be necessary, economists warn, with many expecting a more severe economic downturn. Fed chair Jay Powell also recently conceded that a US recession is now “certainly a possibility”, but has maintained there are still pathways for the central bank to reduce inflation without causing widespread job losses.


another 75 bp rate hike in sept but worst is over after october 2022
Reply

what will FED do with the FED rate after 2023?

can the average american able to finance their debts with continue aggressive rate hikes?
Reply

they take profit in sg bonds and come in as funds to load up oversold sg bank shares to get august sg bank dividends
https://www.youtube.com/watch?v=XcLmlU9KRoo&list=RDXcLmlU9KRoo&start_radio=1
Reply

why no bullets to load up after bitcoin crashed

https://www.youtube.com/watch?v=k_l7FVsqUyM
Reply

from march 2020 to july 2021 and feb 2022 into july 2022, the sg stock banks experienced

https://www.youtube.com/watch?v=eq1VWTE_iDI
Reply

covid 19 and putin and ukraine and US and EU

https://images.app.goo.gl/kstWoau7h7SExZzcA

and the world economy
Reply

the sti index since I started my journey on this ocean

https://www.youtube.com/watch?v=mLk61pfiHQ0
Reply

and every ten years they will tell a different dream
https://images.app.goo.gl/8dK7PE61WEbY54MJ9
Reply

during the 2015, we were told of the

https://images.app.goo.gl/iycwqTg4N2Z7oYAj6
Reply


Forum Jump:


Users browsing this thread: 3 Guest(s)