[watchfirst9]

Seriously can PM Lee affirm that his team CANNOT rebuild the reserves once used? If his team can't do so, please lead the entire PAP party to quit the govt now, it saves us some money so we can preserve the reserves better. At the same time, close down gic and temasek.

Just get the head of civil service to do the basic administrative job. Have MAS just regularly invest into a simple indexing fund on the SNP500, DOW and NASDAQ will be fine for us. Minimal cost and simple indexing over the very very long term with our reserves.

Three possibilities.
1st because HC is no longer cEO of TH , all these decades she is the one   


2nd external environment, world is going to have slower growth in coming decades

 3rd spending increase is going higher than investment returns