Got shocked - 12 plus am and so many ppl still queuing. Cut through the queue to moo(who queued for almost an hr) and saw one of the gatekeeper open up the queue pole on our left and said, "we are full". Man if i was queuing on the left side, petrol wasted!
Monday, February 21, 2011
Butter Factory
Got shocked - 12 plus am and so many ppl still queuing. Cut through the queue to moo(who queued for almost an hr) and saw one of the gatekeeper open up the queue pole on our left and said, "we are full". Man if i was queuing on the left side, petrol wasted!
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Interesting,
Place
Tuesday, February 15, 2011
Sovereign wealth fund ranking
source : http://www.swfinstitute.org/fund-rankings/
Friday, February 11, 2011
Never too old to start - Meat the butcher
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inspiring stories
Saturday, February 05, 2011
Rising Food Price - Food bubble ?
Hi all, after watching the video in conrad's post
it spawn a series of 'whys' in my head,
1) why food price is so high at these area, egypt? [80% of the income goes to food ! that crazy]
2) why these country get hit first ? [egypt, yemen, jordon why they get affected first ? because of question 1 ?]
3) wont it be an endless loop ? food price rise>ppl cannot afford>protest & unrest>businesses affected(unemployment> insecurity>more anger in ppl)cost of production increase > food price rise higher
4) How did the food price rise ? and by how much ? comparison ?
5) How did the money printing by fed in 2008 caused commodities price to soar ? [Bill mentioned new money need to go somewhere, and it went to food, why ?]
6) What's these food price index ? Why the sharp rise from 2006 to 2008 then down in 2009 and another new high from 2010 onwards ? How to reach the index ?
7) Why Gold standard to measure and control money was abolish ? [conrad mentioned it before arghh cant remember]
google for food bubble and read on this How Wall Street starved millions and got away with it - By Frederick Kaufman
Here's an video interview - wow now Goldman Sachs come into picture [understand why conrad said they are bad]
1991, goldman sachs came up with commodities index fund,
Going long on wheat future > rolling it over, accumulative buying> demand shock [normally price goes up because supply is low but for this case, supply meet demand but price went over the roof due to speculation]
wheat $3-6 per 60 pound bushel to >$12 >$15>$18>$20>$25(Feb 2008) up almost 400% [answer for question 4? ]
8) What's T-bills ?
Analysis on why the food price rise
http://www.youtube.com/watch? v=344elODZbAY [answer for question 6]
9) 2000, America pass modern commodities act - What is swap dealer loophole ?
10) What's economic bubble ? [after digesting from wikipedia and investopedia, my understanding of economic bubble : when alot of money rush into things ie property, technology, food, speculator push the price even higher far beyond it's actual value. When people realize it, correction kick in and bubble burst]
A food bubble is a fearsome condition because even when that bubble deflates, we still have that serious problem known as “shortage”.
11) If the food price rise to the highest possible then correction kick in, price will fall to the actual value but why shortage ?
still doing my research.
by the way people
新年快乐,身体健康,万事如意,心想事成
Wishing all a healthy and prosperous 2011!
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