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6/19/2007

We are progressing

We have over taken New York as the 14th most expensive city to live in. The rate of this climb is short of meteoric. From 46th in 2004, we leapfrogged to 34th and then 17th and today 14th. Our next target is Hongkong, currently 5th. We only lost out in rentals. Our public transport cost is already almost double that of Hongkong and our hamburger meal is $1.50 more. Maybe we have already over taken Hongkong as the report was probably based on last year's data. The phenomenon rise in our property prices and rentals is beating all records. If we have not beaten Hongkong yet, we are very close. By the time we are 6.5 million, the top slot will definitely be reserved for us. Then we can tell the world we are number one again.

29 comments:

Abao said...

Why not be no. 1 in terms of salary paid per month also?

redbean said...

we have done that.

Anonymous said...

When we reached that No. 1 position it will still be rich country but poor people. The position changes but the perception on the ground doesn't change.

Anonymous said...

When we reached that No. 1 position it will still be rich country but poor people. The position changes but the perception on the ground doesn't change.


This will definitely not happen if your salary is Pegged. That's why it is important to tell your boss you want to peg your salary asap.

Matilah_Singapura said...

Rankings change. What's the problem?

For nearly 10 years, S'poreans and expats have enjoyed "cheap" rents, cheap taxis and "reasonable" prices at the stores.

Asia, specifically S'pore experienced SARS, Asian currency crisis, property over-supply etc etc.

And when time moves on, markets adjust and so does human behaviour.

People can speculate all they want as to the reasons for record property and stock market prices. But just about every commentator has IGNORED the INCREASE in the MONEY SUPPLY. Go to MAS website and see for yourself.

How is money created? Basically, to cut a long story short, by people borrowing money from the bank.

Matilah_Singapura said...

Error:

In the last para "money" should be "currency"

redbean said...

anonymous' suggestion is good. everyone should have his salary pegged.

Anonymous said...

I want to peg my to Wee Cho Yaw or Jackson Tai.

Anonymous said...

No need to ask, just carry on

Anonymous said...

Pegging to Wee Cho Yaw or Jackson Tai is unwise, they are held accountable to shareholders. Better peg to MIWs, there is absolutely no accountability and you can get away with honest mistakes.

redbean said...

let me be a little serious on this. there are two ways you can peg it to their salary. the first is a realistic approach, just peg it at 0.01%. that should work.

the second approach is to form a political party, get yourself elected, form a govt, then peg at whatever you like. if you think you are super super good, you can peg 10 x their salary. if just very good, maybe half their salary.

it's your choice.

Anonymous said...

JBJ has been trying your method for ages. Cannot work lah!

Anonymous said...

What determines whther you are good or really damn lousy, does international ranking or your people's stomach?

Anonymous said...

let me be a little serious on this. there are two ways you can peg it to their salary. the first is a realistic approach, just peg it at 0.01%. that should work.

the second approach is to form a political party, get yourself elected, form a govt, then peg at whatever you like. if you think you are super super good, you can peg 10 x their salary. if just very good, maybe half their salary.

it's your choice.



You can bet your last dime on that last paragraph anyday!

Anonymous said...

We are Singapore.
We are Singapore.
We will stand together hear the lion thor*!
...
We're a nation siong** & gui*** forevermore.
This is my country.. Con'td with refrain..

In Hokkien
* Thor: vomit
** Siong: tough-going, hard-pressed!
*** Gui: expensive, high-price/cost!!

Sengkapolians Not Stupid. Although most expensive. ;P

Anonymous said...

Can peg my salary to mati or redbean ones?

Anonymous said...

No need to ask, just help yourself!

Anonymous said...

Better still peg to peanuts. Half a peanut can do lah.

Anonymous said...

Look, what you want just do alright!

Matilah_Singapura said...

anonymous 3:54

I flattered by your idea of pegging your salary to mine. However I don't think that is very wise—for your sake.

I am a BEACH BUM. I have little use for pieces of badly designed dirty paper, usually adorned with the images of dead notables, printed by the government (legalised counterfeiting) and passed around as "money".

Everytime (I happen to) own some of this dirty paper, I get rid of it as soon as possible! I tell you, it is worth-LESS!

redbean said...

pegging your salary to a kacang puteh seller is also not a good idea. you want cari makan must multiply by 100 times.

Anonymous said...

Frankly i think they should abolish the peg and let the people's poll decide their benchmark.

Since there is no reason to think they will get less than what they are now getting, and we really dun mind that they may more, I think this is fair.

Anonymous said...

Hey, now we have high class kachang puteh. One peanut is already S$600,000. You can imagine the number of peanuts in one cone.

Anonymous said...

We have over taken New York as the 14th most expensive city to live in. The rate of this climb is short of meteoric. From 46th in 2004, we leapfrogged to 34th and then 17th and today 14th.



International achievement no point one; good news or extremely bad news will depend on what it has to do with my pocket and my job. That is common sense.

redbean said...

if my nuts are worth that much, won't be seen around with them : )

Anonymous said...

So, are we progressing or not?

Anonymous said...

Redbean dunno how much are the nuts of a BEACH BUM worth hehe?
drool drool

redbean said...

matilah only peddles solutions.

his nuts are not for sale.

Matilah_Singapura said...

My nuts are not for sale, but never one to miss the capitalist opportunity of "striking a deal" (and making some dough to finance my continual "Bumhood" lifestyle), I could arrange for some nuts for you, at a very special one-time price. These are genuine, fully authentic nuts, not "pirate copy nuts".

As a value-added bonus, I will engrave the freshly acquired nuts with my initials so that you can pretend they are my nuts, and therefore enjoy a more "realistic" experience.