atans1

Posts Tagged ‘IMF’

Sorry Tharman fans, more qualified man of colour available

In Uncategorized on 19/07/2019 at 5:18 am

FT reported that underperforming Credit Suisse CEO (share price has collapsed since he became CEO), Tidjane Thiam, could be a candidate to head the IMF. Facts: the Franco-Ivorian CEO has long been linked with the post as a possible dark horse candidate (No pun intended: he like Tharman are long odds candidates). He has been Ivorian fiance minister and CEO of a British insurer. His academic credentials are also a lot better.

It quotes his friends as saying say he would be an ideal choice, enabling the IMF to make a switch to an emerging markets nominee that could still be acceptable to France. (French nationals have held the managing director role five out of 11 times since its post-war foundation).

As readers will know, the post of IMF head, is in the gift of the Europeans. They have always given the post to white-skinned Europeans. The Americans choose the World Bank CEO has at least gifted the post to an American with a yellow skin.

The BJP in Hindustan India and Tamil supremacists around the world are still smarting that an ethnic East Asian became World Bank president (They thanked the Gods he wasn’t an ethnic Chinese, only etnic Korean): hence their alleged support for Tharman.

Weekend reading. Tharman the wannabe stand-up comic:

Property: Tharman trying to crack jokes again

Tharman trying to tell jokes again?

Tharman joking again? Or trying to BS us?

Tharman talks cock yet again

Will Hougang make the PAP moan the inflation blues, not joke abt it?

 

 

Advertisements

IMF affirms support for PAP policies

In Economy on 17/07/2019 at 4:54 am

True, its lowered its guess-estimate for this yr’s growth to 2% from 2.3% (made in May), but eat yr heart out Mad Dog, Lim Tean and other nutty anti-PAP types.

It said “investment is expected to pick up on digitalisation” and as businesses adopt new technologies.  “Over the medium term, growth should stabilize around 2.5 per cent, increasingly driven by modern services alongside other trade-related sectors.”

Vote wisely.

Reminder: How bad things are

On a quarter-on-quarter seasonally adjusted annualised basis,  GDP contracted by 3.4%, way below the median forecast of 0.1% in a Reuters poll. This was a reversal from the 3.8% growth in the previous quarter and marked the worst quarter-on-quarter performance since the third quarter of 2012. The economy also registered its lowest growth in a decade, expanding just 0.1% on year in the second quarter, missing a forecast rise of 1.1%.

“Only cold spell coming, but not Winter,” says Heng

Budget 2015: Did you know?

In Economy, Political governance on 07/08/2015 at 4:25 am

The International Monetary Fund notes, our budget surplus, as large as 8% of GDP in 2012, will shrink to less than 2% this year. Note that this “surplus” is the real surplus, as defined by internationally accepted norms, not the definition of the PAP administration.

To be far to the administration, I’m willing to accept the argument that the sale of public land should not be reflected as “current income”. It’s a sale of “capital”. But I also believe it shouldn’t be locked up in the reserves either.