Critical Spectator

2022-07-22 01:36:40 Here we go again - another "great guy" is hanging: https://www.facebook.com/CriticalSpectator/photos/a.806742819433447/5144434245664261/ Open / Comment

2022-07-21 10:33:51 With cancellations, delays and thousands of lost bags, Europe and America look really ill-prepared for the post-pandemic revival.

The situation is much different in Singapore, where employment in aviation is already at 80% of pre-Covid levels, while its APAC competitors are struggling.

https://vulcanpost.com/796477/covid-19-pandemic-made-changi-airport-stronger-singapore Open / Comment

2022-07-18 10:24:55 According to the latest data from Indeed, Singapore is the only advanced economy, except for Australia, where job postings have more than doubled over the last two years as vacancies exceed 100,000.

This is despite the fact that resident employment is at record highs already, 3.9% over December 2019.

And yet there are still more than 2 job offers for every unemployed.

https://vulcanpost.com/796021/job-vacancies-wages-hiring-singapore/?fs=e&s=cl Open / Comment

2022-07-17 04:10:18 You can't make this up.

https://www.straitstimes.com/singapore/speakers-corner-protest-in-singapore-against-rajapaksa-draws-audience-of-one Open / Comment

2022-07-16 20:53:38 lol Open / Comment

2022-07-15 03:22:47 OK folks, it's time to close down MAS just hire Jamus Lim to make all of the decisions: https://www.facebook.com/CriticalSpectator/photos/a.806742819433447/5124399357667750/ Open / Comment

2022-07-14 13:06:33 Singaporean households have grown richer by S$444 billion in the past two years. To wrap your head around the figure, just consider that it is larger than S$403 billion — what the entire portfolio of Temasek Holdings is worth right now — and it was earned in just two years.

However, before you start wondering where your share of the cake is, I have to, sadly, emphasise that it isn’t exactly something that most people are able to cash out. In fact, most will probably not even notice the change in their pockets (though their families may at some point in the future).

https://vulcanpost.com/795524/singaporean-households-grew-richer-by-444-billion-during-pandemic Open / Comment

2022-07-12 04:52:30 Between January 2020 and December 2021, Singapore's excess death count can be estimated at 2,000 to 2,600 people, but only 828 had officially died of Covid-19.

What is the reason for this discrepancy?

Like the rest of the world, Singapore is no stranger to difficulties in estimating the exact toll of the pandemic. Which, paradoxically, can actually go down with time. I explain how in my latest for VP.

https://vulcanpost.com/795179/real-covid-19-death-toll-higher-than-official-data-singapore/ Open / Comment

2022-07-08 04:50:26 Jamus is a skilled populist but his ideas fail to capture the complexity of the economy.

https://www.facebook.com/CriticalSpectator/photos/a.806742819433447/5104899506284402 Open / Comment

2022-07-08 02:50:29 The really important takeaway from the crypto market crash is that no matter how badly some people want to build an alternative to the existing financial system, the reality is that it is impossible to disconnect anything from it.

Simply put - decentralisation that crypto promised may simply be impossible, because of the interconnectedness of all actors in the economy.

Cryptocurrency rally has largely been fueled by loose monetary policy central banks around the world employed, with cheap money flowing to risky investments.

Now the taps have been turned off and the collapse in both stocks and digital coins followed - it's not an accident.

As if with a touch of a magic wand, these investments have lost their attractiveness almost overnight.

If the cryptoverse is to be our future it has to offer much more to erode the influence of central banking - not to mention competing with it.

Read more in my latest on VP:

https://vulcanpost.com/794070/crypto-winter-market-crash-bitcoin-is-no-digital-gold Open / Comment