Inflation in Singapore Hits 6.7% for Feb 2008!!!
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Originally posted by Uncle Ver SG:
maurizio13, isnt CPIs based on different baskets of goods determined by different countries?
Yes. -
Originally posted by Uncle Ver SG:
To be honest, Jan and Feb inflation is distorted by Chinese New Year.
PAP has nothing to worry about until double digits kick in.
I don't think inflation will ease till at least maybe May or June, if it will even ease at all.Come April when everybody gets their ang pow, price going to go up again.
And if MAS persist in their maintenance of a weaker Singapore dollar against the US dollar, inflation is here to stay.
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Originally posted by eagle:
Please don't avoid my question and divert away, and answer exactly how your post on subsidies is related to this thread. Also, please explain how your "if" situations are related to current inflation in Singapore.
And please also explain "Eagle, if you are not sure about what you are saying, please ask, and dont act like you know it all." when I have asked you 2 questions (and you have quoted) and you avoided answering. Why bother requesting others to ask you questions when you could not even provide a satisfactory answer?
TCH, if you are still unsure on how your post started a totally unrelated and irrelevant discussion, please ask. We will all gladly point you in the right direction. Don't need to toot a horn here.
1) Please get your facts right about german pork price before you open your mouth.2) You are asking how EU farm subsidies can affect inflation in Singapore. I have explained to you using 2 scenario and ofcourse, I need to use IF or suppose to make it clear to someone who have zero knowlegde on world trade and globalization.
3) You havent answer my question, if this statement of yours still hold any truth or are they simply nonsense?
Originally posted by eagle:Germans pay quite a bit less for pork in the supermarket as compared to us although their gst is 19%.
And erm... willing to pay more and paying much lower... no link between the two leh...
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Originally posted by TCH05:
1) Please get your facts right about german pork price before you open your mouth.2) You are asking how EU farm subsidies can affect inflation in Singapore. I have explained to you using 2 scenario and ofcourse, I need to use IF or suppose to make it clear to someone who have zero knowlegde on world trade and globalization.
3) You havent answer my question, if this statement of yours still hold any truth or are they simply nonsense?
1) I have changed it. I have no idea why you would blindly accept a piece of information and attempt to defend it without first making sure it is accurate. At least when I discover I make a mistake, I will say it out. Will you? Obviously not, with the recent example of you trying to tell us about correlation when you are so obviously wrong in the concepts.
2) Obviously, I'm talking in the context of this thread, and not out of point, when asking you the question. Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future? Doesn't make sense right? Or are you just trying to divert away again?
Btw, do you also need me to point out how wrong your if analysis is? That is the main reason I'm laughing at you, because you have no idea on what is happening in Europe. Why talk about international trade when you don't even have a idea on the situation there? Do you even know how Germans view pigs? Do you even know their culture for it? Do you even know who in Germany eats pork and who doesn't? Isn't it obvious that you are just shooting aimlessly without having even experienced or learned about the culture? Spend some time to read up on their way of life before discussing on international trade.
The number of ifs situations are so many that one can easily raise another 2 or more situations to tell you that your conclusion could be otherwise. Seems like you are trying to conclude in one post an ongoing debate about the EU subsidy, just like what you did with the Biofuel. Are you thinking you are better than the world's experts combined? Again, it is obvious here you are trying again to raise only one side of the story in a feeble attempt to prove a point of yours that does not relate to this thread in the first place.
3) Do I need to repeat? Are you back to your habit of asking things when answers are already out? And are you merely just absorbing everything, just because people say so? Didn't you realise that in this whole thread, you were the only one who absorbed and reposted the inaccurate piece of information?
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Originally posted by eagle:
1) I have changed it. I have no idea why you would blindly accept a piece of information and attempt to defend it without first making sure it is accurate. At least when I discover I make a mistake, I will say it out. Will you? Obviously not, with the recent example of you trying to tell us about correlation when you are so obviously wrong in the concepts.
2) Obviously, I'm talking in the context of this thread, and not out of point, when asking you the question. Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future? Doesn't make sense right? Or are you just trying to divert away again?
Btw, do you also need me to point out how wrong your if analysis is? That is the main reason I'm laughing at you, because you have no idea on what is happening in Europe. Why talk about international trade when you don't even have a idea on the situation there? Do you even know how Germans view pigs? Do you even know their culture for it? Do you even know who in Germany eats pork and who doesn't? Isn't it obvious that you are just shooting aimlessly without having even experienced or learned about the culture? Spend some time to read up on their way of life before discussing on international trade.
The number of ifs situations are so many that one can easily raise another 2 or more situations to tell you that your conclusion could be otherwise. Seems like you are trying to conclude in one post an ongoing debate about the EU subsidy, just like what you did with the Biofuel. Are you thinking you are better than the world's experts combined? Again, it is obvious here you are trying again to raise only one side of the story in a feeble attempt to prove a point of yours that does not relate to this thread in the first place.
3) Do I need to repeat? Are you back to your habit of asking things when answers are already out? And are you merely just absorbing everything, just because people say so? Didn't you realise that in this whole thread, you were the only one who absorbed and reposted the inaccurate piece of information?
Isnt it embarrasing for someone to claim to know so much about germany when he cant even get the price of german pork right.Originally posted by eagle:Germans pay quite a bit less for pork in the supermarket as compared to us although their gst is 19%.
And erm... willing to pay more and paying much lower... no link between the two leh...
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Originally posted by TCH05:
Isnt it embarrasing for someone to claim to know so much about germany when he cant even get the price of german pork right.
Why should I be embarrassed when I made a mistake, and I admit and corrected it? Are you telling me you know the prices of anything impromptu in your supermarket right now? And are you telling us you will feel embarrassed in admitting to any mistake, that's why you will try to win at all costs?
Seems like you are avoiding my question. In case you missed it, here it goes again:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future? -
Originally posted by TCH05:
Isnt it embarrasing for someone to claim to know so much about germany when he cant even get the price of german pork right.u have been living in sg all your life and do u think the govt lead by the PAP is truthful and think for the people?
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Originally posted by TCH05:
Isnt that obvious that undergrad like you have no clue about how international trade function these days. May I suggestthat you buy yourself this book to enrich your knowledge on world trade before making a fool out of yourself.
http://en.wikipedia.org/wiki/The_World_is_Flat
Which page of your paperback novel make the claim that, an inefficient agricultural industry producing at above world market prices, when given a subsidy by
the government, price their agricultural products at below world market prices?
The only subsidies the book talks about are:
Needy and low-income workers who could not afford to join a plan would get some
government subsidy to do so.
Litan estimated that at an unemployment rate of 5 percent,
the wage insurance and health-care subsidy today would cost around $8 billion a year,
which is peanuts compared to the positive impact it could have on workers.
This has created a process of competitive flattening,
in which countries scramble to see who can give companies
the best tax breaks, education incentives, and subsidies, on top of their cheap labor,
to encourage offshoring to their shores.
We have to increase the government subsidies that make it
possible for more and more kids to attend community colleges and more and more
low-skilled workers to get retrained.
In addition to their own self-interest in making more of their own employees into
human Swiss Army knives, companies should be encouraged, with government subsidies
or tax incentives, to offer as wide an array as possible of in-house learning
opportunities.
They pushed their countries into more export-oriented, free-market
strategies-based on privatization of state companies, deregulation of financial
markets, currency adjustments, foreign direct investment, shrinking subsidies,
lowering of protectionist tariff barriers, and introduction of more flexible labor
laws-from the top down without ever really asking the people.
So where is your purported claim?
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Originally posted by maurizio13:
Which page of your paperback novel make the claim that, an inefficient agricultural industry producing at above world market prices, when given a subsidy by
the government, price their agricultural products at below world market prices?
The only subsidies the book talks about are:
Needy and low-income workers who could not afford to join a plan would get some
government subsidy to do so.
Litan estimated that at an unemployment rate of 5 percent,
the wage insurance and health-care subsidy today would cost around $8 billion a year,
which is peanuts compared to the positive impact it could have on workers.
This has created a process of competitive flattening,
in which countries scramble to see who can give companies
the best tax breaks, education incentives, and subsidies, on top of their cheap labor,
to encourage offshoring to their shores.
We have to increase the government subsidies that make it
possible for more and more kids to attend community colleges and more and more
low-skilled workers to get retrained.
In addition to their own self-interest in making more of their own employees into
human Swiss Army knives, companies should be encouraged, with government subsidies
or tax incentives, to offer as wide an array as possible of in-house learning
opportunities.
They pushed their countries into more export-oriented, free-market
strategies-based on privatization of state companies, deregulation of financial
markets, currency adjustments, foreign direct investment, shrinking subsidies,
lowering of protectionist tariff barriers, and introduction of more flexible labor
laws-from the top down without ever really asking the people.
So where is your purported claim?
Your lack of knowledege and understanding on this subject shouldn't be a burden to people in this forum. And I personally think that this book is not be suitable for you because of your lack the mental capacity to understand anything other than a straight-line.
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Originally posted by TCH05:
Your lack of knowledege and understanding on this subject shouldn't be a burden to people in this forum. And I personally think that this book is not be suitable for you because of your lack the mental capacity to understand anything other than a straight-line.
I have the book and now you tell me no such evidence exist?
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Originally posted by fishbuff:
u have been living in sg all your life and do u think the govt lead by the PAP is truthful and think for the people?
1) Where is your proof that I have been living in sg all my life or if I am a Singaporean?2) Do you think that the australian government is truthful and think for the people?
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Originally posted by maurizio13:
I have the book and now you tell me no such evidence exist?
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Originally posted by maurizio13:
I have the book and now you tell me no such evidence exist?
thats even worst. It only goes to show that you dont even understand what you have read.maybe the book lack straight lines huh?
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Originally posted by TCH05:
thats even worst. It only goes to show that you dont even understand what you have read.maybe the book lack straight lines huh?
In all the post, we were debating subsidies and world price on food items.Then you told eagle that he as an undergraduate should read this book, because it teaches you
everything you need to know about international trade.
I have the book right now, I am eager to learn what you have learnt, so I am asking you
which page has the information about subsidies and impact on world prices.
Now you tell me I don't understand anything?
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Originally posted by maurizio13:
In all the post, we were debating subsidies and world price on food items.Then you told eagle that he as an undergraduate should read this book, because it teaches you
everything you need to know about international trade.
I have the book right now, I am eager to learn what you have learnt, so I am asking you
which page has the information about subsidies and impact on world prices.
Now you tell me I don't understand anything?
1) Please read with your eyes, not with your heartOriginally posted by TCH05:
Isnt that obvious that undergrad like you have no clue about how international trade function these days. May I suggestthat you buy yourself this book to enrich your knowledge on world trade before making a fool out of yourself.
http://en.wikipedia.org/wiki/The_World_is_Flat
2) The purpose of recommending this book and not some textbook on international trade is because this book explain how the world is interrelated and interconnected. And this is related to his question on how EU farm subsidy can affect or link to Singapore inflation.
My I suggest that you give the book away and dont waste my time in this forum.
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Originally posted by TCH05:
1) Please read with your eyes, not with your heart2) The purpose of recommending this book and not some textbook on international trade is because this book explain how the world is interrelated and interconnected. And this is related to his question on how EU farm subsidy can have effect or line to Singapore inflation.
My I suggest that you give the book away and dont waste my time in this forum.
May I remind you that you have avoided the following question again:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?Seriously, you like to go out of point. I have already pointed out that we are discussing on the current situation of inflation, and you are trying to tell us it is linked and related to Singapore's inflation in Feb 2008 with an "if" event that does that does not look like it will happen in the near future. You mean the book taught you that?
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Originally posted by TCH05:
1) Please read with your eyes, not with your heart2) The purpose of recommending this book and not some textbook on international trade is because this book explain how the world is interrelated and interconnected. And this is related to his question on how EU farm subsidy can affect or link to Singapore inflation.
My I suggest that you give the book away and dont waste my time in this forum.
So are you saying that all your talk of subsidies in Germany and world prices is a object of your imagination?
Maybe you can tell me which other novels taught what you imagined or fantasized?
Don't tell me this book "the world is flat" is the only economics related book you read and after reading it
you became an authority in the Economics world.
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Originally posted by maurizio13:
So are you saying that all your talk of subsidies in Germany and world prices is a object of your imagination?
Maybe you can tell me which other novels taught what you imagined or fantasized?
Talking about world price, I have asked you many times, what is the latest global market price for pork and you have yet to answer me.
Originally posted by maurizio13:1) Whether the REAL cost is above the global market price or not, is irrelevant to the discussion about the price of pork, because only one price clears the market
it's the global market price for pork. If the price of pork in the global market is $30 per kg, the pig farmer can only sell at $30 per kg to clear the market. If the
government removes the subsidies totally, the REAL cost of production of pork ends up being $100 per kg.
Do you think suppliers will pay $100 per kg to the pig farmer when they can source for cheaper alternatives in the world market at $30 per kg?
Subsidies is an act of protectionism, because the government deems that the particular industry is critical to it's future survival and self sustenance.
Dont know what you are talking about right? -
Originally posted by eagle:
May I remind you that you have avoided the following question again:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?Seriously, you like to go out of point. I have already pointed out that we are discussing on the current situation of inflation, and you are trying to tell us it is linked and related to Singapore's inflation in Feb 2008 with an "if" event that does that does not look like it will happen in the near future. You mean the book taught you that?
I have already proven your lack of understanding on world trade, pork price, and inflation.
Do I need to answer anymore of your pointless childish question?
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Originally posted by TCH05:
Talking about world price, I have asked you many times, what is the latest global market price for pork and you have yet to answer me.
Dont know what you are talking about right?Just to make you happy, it's not that I don't have it at all, but I doubt it makes any difference with the discussion.
http://news.tradingcharts.com/futures/8/9/106586998.html
Look at the attached page regarding EU's common agricultural policy, it said "an export subsidy raises prices in the exporting country while
lowering them in the importing country".
So where is the source of your Economic principle that says the subsidy lowers the price in Germany?
You are clueless as to a consumer subsidy or a supplier subsidy.
Originally posted by TCH05:What I am trying to highlight to you is that the farmers in Germany are getting about €10,000,000,000 worth of financial aid from the government each year and
that is the reason why the pork prices in Germany can be cheaper than in Singapore, where 100% of our pork are imported from countries where they dont
have such generous farm subsidies.
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Originally posted by maurizio13:
Just to make you happy, it's not that I don't have it at all, but I doubt it makes any difference with the discussion.
http://news.tradingcharts.com/futures/8/9/106586998.html
Maurizio, do you know that CME meat future are actually for meat traded within US and it involves the actual delivery of meat if you are holding the contract and delivery point for pork bellies for example, are at North Dakota, South Dakoat, Nebraska, Kansas and Texas etc.Is this what you call Global Market Price for pork?
I think wiki has failed you again huh?
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Originally posted by maurizio13:
Look at the attached page regarding EU's common agricultural policy, it said "an export subsidy raises prices in the exporting country while
lowering them in the importing country".
So where is the source of your Economic principle that says the subsidy lowers the price in Germany?
You are clueless as to a consumer subsidy or a supplier subsidy.
If you want to quote an article, I would appreciate if you quote the source because the data you provide most of the time are quite nonsensical.Since when are we talking about export subsidy? are you giving us some history lesson or what?
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Originally posted by TCH05:
I have already proven your lack of understanding on world trade, pork price, and inflation.
Do I need to answer anymore of your pointless childish question?
nah you have not proven anything
You raised a point totally irrelevant to this topic, and by questioning you on your irrelevant post, you think it is a lack of understanding? Wow. Your book taught you that?
Let me repost the history for you:
TCH:
You mean you still cant see the link between government subsidies and inflations?Eagle:
Kindly tell us the link between subsidies for German Farmers on pork prices vs Singapore Inflation
-- which of course is talking about this thread on Inflation in Singapore for Feb 2008TCH:
Supposed if the EU government stop giving out farm subsidies, the local farming industry will collapse and eventually, germans will have to import their food stuffs from overseas. Which means, they will be fighting for supplies with importing countries like Singapore, which will result in a shortage of supply and price hike.
Supposed if the german government increase their subsidies to farmers, the price of products will become cheaper and make imported products less attractive, which then will create less demand for non EU agriculture products, or the germans might increase their export overseas.
-- Totally no link at all to Feb 2008, and only one sided piece of argument
Eagle:
I'm laughing at the idioticity of this post. Nvm, I'm too lazy to explain to you why. Shall let others look at this and laugh at your simplicity too.
-- Just have to laugh at his idiotic postTCH:
Isnt that obvious that undergrad like you have no clue about how international trade function these days. May I suggestthat you buy yourself this book to enrich your knowledge on world trade before making a fool out of yourself.
--immediately thinks he is correct and thinks that this proves eagle have no understanding when eagle laughs at his idiotic posting
Eagle raises 2 points:
1) We are talking about current inflation in Feb 08, about current affairs
All you are talking about is "Supposed if", things that have not happened, and does not seem that it will happen in the near future. Please tell us how your "Supposed if" situations are related to this thread on current prices.
2) We are talking about why is there high inflation in Singapore as compared to the lower inflation in other countries posted by maurizio13.
Yet now you are talking about how EU's "supposed if" removal of subsidies can possibly cause inflation worldwide. Again, show us how your points are related to this point made by maurizio13.
And TCH replied:
2) You are asking how EU farm subsidies can affect inflation in Singapore. I have explained to you using 2 scenario and ofcourse, I need to use IF or suppose to make it clear to someone who have zero knowlegde on world trade and globalization.
-- which of course have no link to inflation in Feb 08And so Eagle asked back:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?And TCH decide to evade the question by saying:
I have already proven your lack of understanding on world trade, pork price, and inflation.
Do I need to answer anymore of your pointless childish question?
-- Showing that he likes to think in his own world, and thinks that others have no understanding on a topic when others are merely questioning on his relevancy of the topic he raised in this thread.
Don't escape. Answer:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?
If you cannot answer, we will know you had been just talking rubbish.
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Originally posted by eagle:
nah you have not proven anything
You raised a point totally irrelevant to this topic, and by questioning you on your irrelevant post, you think it is a lack of understanding? Wow. Your book taught you that?
Let me repost the history for you:
TCH:
You mean you still cant see the link between government subsidies and inflations?Eagle:
Kindly tell us the link between subsidies for German Farmers on pork prices vs Singapore Inflation
-- which of course is talking about this thread on Inflation in Singapore for Feb 2008TCH:
-- Totally no link at all to Feb 2008, and only one sided piece of argument
Eagle:
I'm laughing at the idioticity of this post. Nvm, I'm too lazy to explain to you why. Shall let others look at this and laugh at your simplicity too.
-- Just have to laugh at his idiotic postTCH:
Isnt that obvious that undergrad like you have no clue about how international trade function these days. May I suggestthat you buy yourself this book to enrich your knowledge on world trade before making a fool out of yourself.
--immediately thinks he is correct and thinks that this proves eagle have no understanding when eagle laughs at his idiotic posting
Eagle raises 2 points:
1) We are talking about current inflation in Feb 08, about current affairs
All you are talking about is "Supposed if", things that have not happened, and does not seem that it will happen in the near future. Please tell us how your "Supposed if" situations are related to this thread on current prices.
2) We are talking about why is there high inflation in Singapore as compared to the lower inflation in other countries posted by maurizio13.
Yet now you are talking about how EU's "supposed if" removal of subsidies can possibly cause inflation worldwide. Again, show us how your points are related to this point made by maurizio13.
And TCH replied:
2) You are asking how EU farm subsidies can affect inflation in Singapore. I have explained to you using 2 scenario and ofcourse, I need to use IF or suppose to make it clear to someone who have zero knowlegde on world trade and globalization.
-- which of course have no link to inflation in Feb 08And so Eagle asked back:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?And TCH decide to evade the question by saying:
I have already proven your lack of understanding on world trade, pork price, and inflation.
Do I need to answer anymore of your pointless childish question?
-- Showing thta he likes to think in his own world.
Don't escape. Answer:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?
If you cannot answer, we will know you had been just talking rubbish.
I am sorry, I dont have time to read long essay. If you want to debate on inflation, please keep it short and sharp.
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Originally posted by TCH05:
I am sorry, I dont have time to read long essay. If you want to debate on inflation, please keep it short and sharp.
No wonder you always like to think in your own world and misinterpret so many posts and information.
In short, you are just talking rubbish since you cannot answer the question:
Why are you drawing parallels to a current situation that has already happened with a "if" future event that does not look like it will happen in the near future?