Operating a $18,000 a month bazaar
1. Someone complained that the rental of a stall for the Ramadan Bazaar is $18,000 a month, or $600 a day. 2. This is a high rental. The stall operators need to generate revenue of $600 a day just to cover the rental. There is also the cost of workers and the cost of the goods that are sold. 3. The high rental will have to be...
Expense ratios of sovereign wealth funds
I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia. The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek. I do not know if these ratios are strictly comparable, but they appear to be high for GIC and excessively...
USA is in Real Trouble
Some people think that the current bank failures in US would not be worse than 2008 Lehman Brothers Subprime crisis but the situation may be even worse. We have a situation whereby consumers were too used to low mortgage rates which was similar to subprime and now, there is an aggressive spike in interest rates. Apart from that,...
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- Billy ma on Leong Mun Wai gets to sharpen his debating skills while PAP MPs get to sit and watch
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- knn on Lee Hsien Loong’s visit to China
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