Three Big Lies about the National Reserves
"The national reserves must not be disclosed. If this is made public, the SGD can be subject to attacks by currency speculators" is the mantra of the Singapore government. Enough of this nonsense. Speculative attacks happen during a currency crisis. A currency crisis is a consequence of chronic balance of payments deficits...
Why The Increase In GST Is Totally Unnecessary
A First Class Economist Explains Why The Increase In GST Is Totally Unnecessary And Will Only Cause More Hardship! The former Chief Economist Of GIC brilliantly destroys Lawrence Wong’s and the PAP’s rhetoric that raising GST is vital for Singapore’s future. The PAP is a party reduced to empty slogans these days. It is...
Put out the fire, not fuel it
June’s inflation figures has just been released. Overall inflation or Consumer Price Index came in at 6.7% year on year. This is an all-time high since 2008. All categories across the board saw price increases - from food, retail goods and utilities to transportation and accommodation. And the bad news is prices are expected...
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