Thursday, March 05, 2009

Lee Kuan Yew is Full Of Crap

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Lee Kuan Yew is all over the news today, talking about GIC's 25% loss. In particular, he has been defending GIC's investments in the...
Sunday, March 01, 2009

GIC's Conversion from Preferred to Common Marks the Beginning of the End

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In news just out, GIC has agreed to convert its preferred stake in Citigroup to Common Equity, to go along with the US government's cont...

"2008 Was a Year to Forget" - 2009 Probably will be One to Forget, Too

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Singapore's MTI recently released the country's Q4 2008 economic statistics. The numbers are, quite simply, absolutely dismal. Sing...
Friday, February 27, 2009

How did our SWFs manage to invest in the 3 worst performing CDO issuing banks???

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Recent research as reported by the Financial Times reveals that half of CDOs ( collateralised debt obligations ) of ABS ( asset backed secu...
Saturday, February 21, 2009

UBS Tax Fraud Makes Lee Kuan Yew Look Like a Dufus Dumbo

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In April 2008, this blogger took note of Lee Kuan Yew's comments in an interview with Bloomberg. The octogenarian Minister Mentor was de...
Thursday, February 19, 2009

"Substantial Long-term Returns" From Bank Investments? Fat Hope, GIC

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Well well, things are getting exciting. All of us know that GIC is reported to have incurred losses of US$33 Billion . All of us know that t...

This is not a recession. This is a depression.

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I think few people truly appreciate what is going on in the global economy today. Many people think that what we are going through is just a...