This is the greatest "asset" bubble. Not gold, iron ore, commodites, gas or coal. What stock rises 10 times and does not correct. Before 1994 : $300k (??) after 1994 : $1980k 2007 : $3090k 2008 : $3980k
what stocks rises from $3.00 to $39.8 and does not correct or crash?
In terms of p/e ratio; price to earnings or salary to GDP it's the most expensive in the world
1990 : appointed deputy Prime Minister 1994 : salary increase
2004 : appointed Prime Minister 2007/8 : Pay increase
every 4 years after appointment pay increase so if history is true 4 years from the return of next coming election we should see a pay increase. 50% pay increase = ~ $6million dollar man
To be sure this is about the office and not the man and this is for the greater good of all and not the benefit of the office :
The Question : The Acid Question:
What is the opposition take on the salary issue ? What if and it's a big if : Will they revise the salary if they were in the office or the office will make any man Napoleon?
Singaporeans must be real bullish ? ----------------------------------- Will you buy a stock that is rich in P/E. 450%-900% above the peer groups P/E. Maybe ? If there is an underlying, hidden untapped raw potential that is not yet tapped. But from a resource poor country, 900% above peer valuation is way above priced.
On top of that the growth rate is in negative territory for the stock and for that peer group.
Point in consideration : the Table below : salary GDP P/E (us$) P.Cap Ratio ------- ------ ----- Singapore 2,800,000 49,433 56.6 HongKong 516,000 42,574 12.1 France 318,000 33,744 9.4 Germany 303,000 34,219 8.9 Unt States 400,000 46,443 8.6 U. Kingdom 279,000 35,165 7.9 Japan 243,000 38,290 6.3 Canada 246,000 38,290 6.4 Australia 229,000 37,302 6.1
Ceteris paribus, If the premium of the head of goverment can be measured by the output achieved per capita then SINGAPORE's is enriched with premium.
Its P/E ratio is 450% from the 2nd highest and 900% from the lowest.
Singaporeans wants everything cheap but now they really get one they didnt bargain for.
For Info Prime minster salary by MONTH according to ST May23 1985: 1961 $ 3,500 1970 $ 3,500 1973 $ 9,500 1981 $ 21,458 1984 $ 29,317 [Year LHL entered politics] 1994 $ 96,000 [Year LHL appointed Deputy PM] 2004 [Year LHL appointed Prime minister] 2007 $ 258,000 2010 $ 322,000
Observation 1 : Data gleaned from internet and news sources, subject to accuracy. But as you can see in roughly 50 years, PM salary has increase 100 times. Resonable ?
Observation 2 : When father knows son will enter politics, suggest pay should increase. Big jump from 70's to 80's $10k to $30K permonth
Observation 3 : Thought Son will be PM so another big increase in 90's But son not ready, Mr Seat Warmer came in and got unexpected windfall. Salary hit a plateau the next few years until Son became PM. $30Ks to $90ks per month
Observation 4 : Son became PM. Salaries double jump !! $100K to $300K per month !!
Correlation of Salary to LHL rise in politics ?? You decide. For me the data is very clear.
This is the greatest "asset" bubble. Not gold, iron ore, commodites, gas or coal. What stock rises 10 times and does not correct.
ReplyDeleteBefore 1994 : $300k (??)
after 1994 : $1980k
2007 : $3090k
2008 : $3980k
what stocks rises from $3.00 to $39.8 and does not correct or crash?
In terms of p/e ratio; price to earnings or salary to GDP it's the most expensive in the world
1990 : appointed deputy Prime Minister
ReplyDelete1994 : salary increase
2004 : appointed Prime Minister
2007/8 : Pay increase
every 4 years after appointment pay increase
so if history is true
4 years from the return of next coming election
we should see a pay increase.
50% pay increase = ~ $6million dollar man
To be sure this is about the office and not the man
ReplyDeleteand this is for the greater good of all and
not the benefit of the office :
The Question :
The Acid Question:
What is the opposition take on the salary issue ?
What if and it's a big if :
Will they revise the salary if they were in the office or
the office will make any man Napoleon?
Singaporeans must be real bullish ?
ReplyDelete-----------------------------------
Will you buy a stock that is rich in P/E. 450%-900% above the peer groups P/E. Maybe ? If there is an underlying, hidden untapped raw potential that is not yet tapped. But from a resource poor country, 900% above peer valuation is way above priced.
On top of that the growth rate is in negative territory for the stock and for that peer group.
Point in consideration : the Table below :
salary GDP P/E
(us$) P.Cap Ratio
------- ------ -----
Singapore 2,800,000 49,433 56.6
HongKong 516,000 42,574 12.1
France 318,000 33,744 9.4
Germany 303,000 34,219 8.9
Unt States 400,000 46,443 8.6
U. Kingdom 279,000 35,165 7.9
Japan 243,000 38,290 6.3
Canada 246,000 38,290 6.4
Australia 229,000 37,302 6.1
Ceteris paribus, If the premium of the head of goverment can be measured by the output achieved per capita then SINGAPORE's is enriched with premium.
Its P/E ratio is 450% from the 2nd highest and 900% from the lowest.
Singaporeans wants everything cheap but now they really get one they didnt bargain for.
salary GDP P/E
ReplyDelete(us$) P.Cap Ratio
------- ------ -----
Singapore 56.6
2,800,000
49,433
HongKong 12.1
516,000
42,574
France 9.4
318,000
33,744
Germany 8.9
303,000
34,219
Unt States 8.6
400,000
46,443
U. Kingdom 7.9
279,000
35,165
Japan 6.3
243,000
38,290
Canada 6.4
246,000
38,290
Australia 6.1
229,000
37,302
For Info Prime minster salary by MONTH according to ST May23 1985:
ReplyDelete1961 $ 3,500
1970 $ 3,500
1973 $ 9,500
1981 $ 21,458
1984 $ 29,317 [Year LHL entered politics]
1994 $ 96,000 [Year LHL appointed Deputy PM]
2004 [Year LHL appointed Prime minister]
2007 $ 258,000
2010 $ 322,000
Observation 1 :
Data gleaned from internet and news sources, subject to accuracy. But as you can see
in roughly 50 years, PM salary has increase 100 times. Resonable ?
Observation 2 :
When father knows son will enter politics, suggest pay should increase.
Big jump from 70's to 80's
$10k to $30K permonth
Observation 3 :
Thought Son will be PM so another big increase in 90's
But son not ready, Mr Seat Warmer came in and got unexpected windfall.
Salary hit a plateau the next few years until Son became PM.
$30Ks to $90ks per month
Observation 4 :
Son became PM. Salaries double jump !!
$100K to $300K per month !!
Correlation of Salary to LHL rise in politics ??
You decide.
For me the data is very clear.