OPINION: Big problem for Singapore : Stronger Sing Dollar, Higher inflation, Large Foreign Workforce....:

Happily I go to Malaysia change my S$1 to $2.52+ ringgit every few weeks to spend...however, some Singaporean ya-ya-papaya think that strong S$ means Singapore economy more powerful or gaining strength on Malaysia and so on. This is the view of IGNORANT people. 1. Why did MAS allow Sing$ to go up so much despite negative GDP growth last quarter? There is very high inflation in Singapore and raising the S$ makes the imported component of the CPI lower thus lowering the overall inflation figure to 5.3% which is already quite bad. Imagine at 6% our inflation will be higher than 3-month spanish bonds!!! This is a sign the Singapore govt is losing control of domestic price inflation and using the S$ to make imports cheap to hide inflation pressures. 2. Our export sector is hurting and property bubble is prop up to keep us out of recession? Why you think MAS allow 50 year home l...

Full article: http://singaporenewsalternative.blogspot.com/2012/07/opin...

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