Punggol East By-Election coming ? MP steps down

[pirate]

sinoboy:

MAS uses a strong exchange to curb inflation and not interest rate. Asking them to change this is unlikely. Hammer can probly only make noise on Coe or housing which is huge part of inflation. So it is probly easier for you to ask for higher increment from your boss. :scared:

Boss will tell you company revenue in US$, but your salary in S$, so sorrie har. :nosebleed:

[sinoboy]

pirate:

sinoboy:

MAS uses a strong exchange to curb inflation and not interest rate. Asking them to change this is unlikely. Hammer can probly only make noise on Coe or housing which is huge part of inflation. So it is probly easier for you to ask for higher increment from your boss. :scared:

Boss will tell you company revenue in US$, but your salary in S$, so sorrie har. :nosebleed:

Then you beg your boss lah. Send him/her messages say luvly things. Say you are local talent got kids in IP school pay high school fees plus tuition fees, got parents all living together with you so need to pay for a big property, you need to drive a car to be on time for work because mrt quite crowded and breakdown often. If you need to operate in Singapore can't siam all this staff costs one right? So how much is my increment?

[Harlequin]

After one or two more GE, more hammers are seated probably the confidence of our economy might wane; so we can start to enjoy high interest rate. :evil:

[wonderm]

sinoboy:

Irrelevant:

[quote=\"Harlequin\"]Too chim lah, just say: a flat economy surely no inflation :imcool:

But hor, why the last time (like the 80s & 90s) inflation not as high wor?

When inflation was high then interest rate was also high. Now inflation high interest rate is still low only our S$ high so more money come here and make inflation higher. Can't imagine if one day interest rate here goes very high. :scared:[/quote]Think you got it the other way round. Keeping S$ high actually hurts our economic growth as it hurts export, but high S$ helps to control runaway inflation because we import a lot of things. MAS needs to strike a balance, and at the moment it worries more about inflation than hurting exports, hence the high S$.

[Harlequin]

wonderm:

sinoboy:

[quote=\"Irrelevant\"]
But hor, why the last time (like the 80s & 90s) inflation not as high wor?

When inflation was high then interest rate was also high. Now inflation high interest rate is still low only our S$ high so more money come here and make inflation higher. Can't imagine if one day interest rate here goes very high. :scared:

Think you got it the other way round. Keeping S$ high actually hurts our economic growth as it hurts export, but high S$ helps to control runaway inflation because we import a lot of things. MAS needs to strike a balance, and at the moment it worries more about inflation than hurting exports, hence the high S$.[/quote]Tio lah. :hi5:
Gov wu zhou kang one. I KPKB also sometimes, but honestly mai hiam this cheng hu si buoy pai liao lah.

[pirate]

wonderm:

Think you got it the other way round. Keeping S$ high actually hurts our economic growth as it hurts export, but high S$ helps to control runaway inflation because we import a lot of things. MAS needs to strike a balance, and at the moment it worries more about inflation than hurting exports, hence the high S$.

Yah. If all these foreign people with their newly minted US$, euro and yen want to come here and buy up our crown jewels, better make them pay through the nose. :evil:

[Irrelevant]

sinoboy:

Then you beg your boss lah. Send him/her messages say luvly things. Say you are local talent got kids in IP school pay high school fees plus tuition fees, got parents all living together with you so need to pay for a big property, you need to drive a car to be on time for work because mrt quite crowded and breakdown often. If you need to operate in Singapore can't siam all this staff costs one right? So how much is my increment?

Boss say if not happy, 2 million+ FT waiting at the door to replace me at half the cost wor. :rotflmao: He say that if he knew that I'm so troublesome, he would hire someone who is single (no child care leave), ugly (so not going to get married) and female (no reservist). {ok ok, I made all that up.}

[sinoboy]

wonderm:

sinoboy:

[quote=\"Irrelevant\"]
But hor, why the last time (like the 80s & 90s) inflation not as high wor?

When inflation was high then interest rate was also high. Now inflation high interest rate is still low only our S$ high so more money come here and make inflation higher. Can't imagine if one day interest rate here goes very high. :scared:

Think you got it the other way round. Keeping S$ high actually hurts our economic growth as it hurts export, but high S$ helps to control runaway inflation because we import a lot of things. MAS needs to strike a balance, and at the moment it worries more about inflation than hurting exports, hence the high S$.[/quote]Yup you are probably right. It helps keep inflation in check and it makes foreign acquisition cheaper too. I don't exactly know which one is priority. Paiseh. :scratchhead:

[Harlequin]

sinoboy:

wonderm:

[quote=\"sinoboy\"]
When inflation was high then interest rate was also high. Now inflation high interest rate is still low only our S$ high so more money come here and make inflation higher. Can't imagine if one day interest rate here goes very high. :scared:

Think you got it the other way round. Keeping S$ high actually hurts our economic growth as it hurts export, but high S$ helps to control runaway inflation because we import a lot of things. MAS needs to strike a balance, and at the moment it worries more about inflation than hurting exports, hence the high S$.

Yup you are probably right. It helps keep inflation in check and it makes foreign acquisition cheaper too. I don't exactly know which one is priority. Paiseh. :scratchhead:[/quote]I also very paiseh, cos i really don't understand why you said with the high S$ can made foreign acquisition cheaper.

[pirate]

Harlequin:

I also very paiseh, cos i really don't understand why you said with the high S$ can made foreign acquisition cheaper.

Maybe he meant when we go and buy up stuff overseas it will be cheaper.