Housing prices - No room for failures

The most talk about slogan in town is Singaporeans cannot afford to fall sick. A few days stay in the privatized govt hospital can clean up whatever savings the patient has. Hospital bills are no joking matter and a few weeks or longer can lead to bankruptcy to many.

The other dreaded problem is people falling into hard times and losing their homes. With housing prices so high, several years to wait for one from the BTO schemes, anyone caught losing his home is as good as losing his pants. How could a person losing his jobs and losing his home through some misfortune or business failure afford to buy a home again? Possible but very very tough. And if this happens to a family, the family members will be in dire straits.

Not able to fall sick, now don’t ever lose your home. Some may use their homes like they say, as gambling chips, trading and hoping to make gains, may end up unable to buy one back again. The two bites of the cherry may not hit home to some but when it hits, it is too late to regret once both cherries are gone.

Don’t pray pray when housing prices are getting beyond the reach of more and more Singaporeans.

More transparency in the stock market

I must applaud the move by SGX for improving transparency in the stock market by reporting on the number of short sell positions in each trading session. Though this is not something new as other exchanges have been doing so, it is still a step forward in the name of greater transparency.

Transparency must be good for everyone. For one, investors can have some knowledge of the number of short positions in the stock market the day before. Traders and investors could now have a bit more information on what others are doing and how many stocks are being shorted.

There are two misgivings though. While shortists would have to indicate their short positions, there is no way to know how many of these positions are covered in the same day. Thus the balance open position is still a mystery to the traders and investors looking at the SGX report. The information is at best incomplete or giving a false picture of outstanding short positions. The second misgiving is that the report only comes out the next day, after the trading session is over. So there is really not much that the traders and investors could do except for a little hindsight of what had happened the day after.

Now things would be quite different if one is a big trader or fund that has access to super computers that are plucked into the SGX system. Such computers would not only now able to see how many buyers and sellers of a stock, of every stock in the market, it will now be able to see who is shorting and whether the positions are covered back when shortists have to indicate their sell positions. If only I were to be able to get hold of such a computer to peep into the trading activities in the market, would I therefore be able to capitalise on the sensitive information that the normal traders or small investors would not have and take advantage of it? Would the super computers be telling the big fund managers that such and such a stock has a big short position and not covered, and the fund could then do the necessary to reap an easy profit all because the shortist’s position is now in the open, open knowledge to the super computers only?

If a fund manager is privy to such sensitive information and takes advantage of it, would it be a violation of the stock exchange rulings for insider trading or unfair practices vis a vis other investors and traders? I am not sure how much information the big funds and traders have with their super computers plucked into the SGX system and whether they are really playing an unfair game, playing in an unlevel playing field?

Who knows, or is there anyone out there that can give a clearer picture of what is going on, what is happening, what advantages did the super computers give to their operators? With short selling now in the open in the name of transparency, can there also be more transparency as to the capability of the super computers, what are they doing and what advantages do they have against those trading without super computers?

A need for an Asean consensus on military spending

Eng Hen is boasting about Singapore eyeing the most advanced multi role F 35 fighters the Americans are developing, and new submarines too. All these are good as long as our pocket is deep and the people need not be shortchanged for other public services from the Govt. In a way these are very expensive toys that are very nice to have. I would even suggest we should have satellite defense system, killer satellites with leading edge technology and even ICBMs with multiple nuclear warheads. And of course the supersize aircraft carrier that can sail the seven seas. By the way, when an ICBM takes off it won’t land anywhere within a few thousand km radius unless it flies vertically, burns itself out and falls back under gravity.

While I am getting carried away with wild wet dreams, someone please jolt me back to reality. What are these expensive weapons for? Who are they intended to pitch against? Do we need a battalion of tanks to fight a mob? Do we need a fleet of warships to fight against sampans? The question is, who are our possible enemies and what are their capabilities? How far more do we want to have to be one step ahead of our ‘enemies’ to feel secure?

Then the obvious thing, if we up the bets, our ‘enemies’ also can up the bets. So I up you, up me, all for the sake of upping the stakes but with no ends to it. And who is gonna benefit from these extravagant expenses? The arms merchants of course.

The world has changed, and the possibility of wars between states in Asean region has diminished, at least under the present conditions. Oops, what’s happening in Sabah? While it is necessary to prepare for war in peace, it is even more necessary to build confidence between states, to build good relations and make peace more enduring with less deadly weapons pointing at one another.

There is now an Asean organization and relations between the Asean states are relatively very good. Would it then be possible and better for the Asean states to start discussing about arms reduction in the region, not only to keep big power influence minimal, but stop an arms race among the Asean countries? Time and effort spend towards this goal would be more productive, and save a lot of money and resources by keeping the military profile and budget of Asean countries as low as agreeable given the respective needs and considerations of countries, big and small.

If Singapore is not going to buy those monster killer weapons, there is less likely for the neighbours to want to buy even better or comparable machine. Save the money for better use. Think of consolidating the present status quo. There is no need to keep ramping up GDP growth, population growth, better military hardware growth etc etc. If the Asean countries can reach a consensus to accept a certain level of military hardware and build up, would it not be better for all instead of blindly buying and buying and expanding and expanding, to be what, a big time gangster? Who are we trying to frighten when a better way is to agree to lower the temperature? I am not saying no defence but at a level to keep everyone happy and comfortable without any need for excesses.

Putin's speech on February,4th , 2013

On February 4th, 2013, Vladimir Putin, the Russian president, addressed the Duma,

(Russian Parliament), and gave a speech about the tensions with minorities in Russia:

"In Russia live Russians. Any minority, from anywhere, if it wants to live in Russia, to work and eat in Russia, should speak Russian, and should respect the Russian laws. If they prefer Shari ‘a Law, then we advise them to go to those places where that's the state law.

Russia does not need minorities. Minorities need Russia, and we will not grant them special privileges, or try to change our laws to fit their desires, no matter how loud they yell 'discrimination'.

We better learn from the suicides of America, England, Holland and France, if we are to survive as a nation. The Russian customs and traditions are not compatible with the lack of culture or the primitive ways of most minorities.

When this honourable legislative body thinks of creating new laws, it should have in mind the national interest first, observing that the minorities are not Russians.

The politicians in the Duma gave Putin a standing ovation for five minutes!

May Day at Hong Lim – A sequel to the Feb 26 White Paper Protest

Gilbert Goh is organizing a second protest on the Population White Paper on May Day at Hong Lim Park once again. The mission of this protest is similar but would include more issues like jobs for Singaporeans, CPF, minimum wage and others. He is targeting a 10,000 crowd this time. This second protest rally will allow those who have missed the first one not to miss it again.

Among the speakers that have been lined up so far are M Ravi and Braema Mathi from Maruah Singapore. He is working to get more civic societies to come on board.

This is looking to be a rally the disillusioned Singaporeans are looking for having missed out on the first one. The momentum and support from the earlier rally in February could make this a must attend rally for true blue Singaporeans. After having experienced the first mass rally, the organizers are likely to be better prepared for the crowd this time.