Why is GIC putting a stranglehold on CPF CEO and squeezing members 2 balls?
Extremely painful
Only to keep OA interest rate @ 2.50% pa
(25-09-2022, 08:37 PM)Scythian Wrote: [ -> ]Why is GIC putting a stranglehold on CPF CEO and squeezing members balls?
Only to keep OA interest rate @ 2.50% pa
this ceo has to take order fr the ultimate boss
(26-09-2022, 08:55 AM)talky Wrote: [ -> ]this ceo has to take order fr the ultimate boss
Eunuch in forbidden City
With his little dick in a pouch.
Obviously they do not think the high interest rate environment will be sustained beyond the short term
The current high interest rate is the Fed's only ammo to bring down hyperinflation. It is losing the fight because this runaway inflation is largely caused by
UNPRECEDENTED disruption & rerouting of the Russian energy supply to Europe, having a ripple effect on the whole world economy. The Fed can control money supply by hiking interest rate, but cannot control energy supply. Only the Russians can.
Once the Ukrainian conflict wraps up (dont worry, it is about to), Europe negotiate with Russia to restore Nord Stream to pre-war levels, energy prices will come down and so will inflation. Interest rate will come down.
(26-09-2022, 09:36 AM)icarus Wrote: [ -> ]Obviously they do not think the high interest rate environment will be sustained beyond the short term
It's all assumptions
Then, world leaders should agreed to keep one interest rate for all.
and You must advise MAS, GIC and Temasek to sell IRS and short put options.
(26-09-2022, 09:36 AM)icarus Wrote: [ -> ]Obviously they do not think the high interest rate environment will be sustained beyond the short term
Surely, You are not the only one, the rest like our PM Lee, Finance minister, MAS CEO, and CPF Board of Directors, all thinking the same like you..
From Wiki
The funds managed by GIC are owned by the Singapore Government. Its investment returns supplement the country's annual budget in areas such as education, R&D, health care and physical environment.[24]
As a Fifth Schedule company under the Singapore Constitution, GIC is accountable in various key areas to the President of Singapore who is empowered under the constitution to obtain information to enable her to safeguard the country's reserves. The Auditor-General, who is appointed by the President of Singapore, submits an annual report to the President and Parliament on his audit of the Government and other bodies managing public funds.[25]
(26-09-2022, 01:30 PM)Ola Wrote: [ -> ]From Wiki
The funds managed by GIC are owned by the Singapore Government. Its investment returns supplement the country's annual budget in areas such as education, R&D, health care and physical environment.[24]
It's wrong
The largest portion under GIC AuM belongs to CPF members not the Singapore Govt.
Honestly speaking ANYTHING UNDER Govt , talk so much also no use. What they want to do you also have no choice.
The only choice you can decided is only come GE. Once GE over , you just suck thumb back again.
(26-09-2022, 02:22 PM)[[ForeverAlone]] Wrote: [ -> ]Honestly speaking ANYTHING UNDER Govt , talk so much also no use. What they want to do you also have no choice.
The only choice you can decided is only come GE. Once GE over , you just suck thumb back again.
THE PROBLEM IS MANY MANY SILLYPOREANS DO NOT KNOW HOW PAP FLEECE THEM ,V V SHORTSIGHTED
(26-09-2022, 02:22 PM)[[ForeverAlone]] Wrote: [ -> ]Honestly speaking ANYTHING UNDER Govt , talk so much also no use. What they want to do you also have no choice.
The only choice you can decided is only come GE. Once GE over , you just suck thumb back again.
CPF CEO is not interested in looking after the interest of 4 mio CPF members savings by holding back interest rated rise..
It's unprofessional
.CPF members are the losers