Bubbles bubbles

Today is a leisure day for me as I enjoyed my morning run with Moon  to Bay East followed by settling some personal stuff.

I was doing some post lunch reading of the news when this headline pops out at me, “Sengkang EC site draws land-hungry developers”. In fact, it is scarier than 16 of them competed in this land tender. Then I read, “3-month Sibor falls to 12-month low amid Singdollar strength”, then another headline “S’pore inflation negative for

Then I read on a seperate article, “3-month Sibor falls to 12-month low amid Singdollar strength”, then another headline “S’pore inflation negative for 21st straight month”. And diving into the details “A strong Singapore dollar is something of a big mystery; the economic fundamentals are not that fantastic in Singapore. Earlier this month, the government revised growth estimates downwards to 1 to 2 per cent this year, from the previous forecast of 1to 3 per cent. Last week, latest trade data showed that non-oil domestic exports (NODX) got off to a bad start in the second half of the year, with the key NODX sinking 10.6 per cent year on year in July and extending the 2.4 per cent dip in June. The drop exceeded the 2.5 per cent fall the market was expecting.”

I can almost smell something and that is definitely not the soap smell from Elliott’s buddle bath.

 

 

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