TR EMERITUS

The mainstream media has reported Temasek Holding's latest result. It's year-on-year returns was -9%, a reduction of S$24b from its market value of S$266b.10 year rolling, the total Shareholder Returns is at 6%. The year on year loss was half of what I expected. How come? The clue is given by Temasek saying the decrease reflects... 

Ah Kow: Bro, should be quite interesting when Temasek announce its results this week. Last year up $43 billion because every stock market also up. But this year stock gos stun and our China investment in ICU. Ahmad: I also read a bit I know la. Central banks support market by printing more money. If not, economy down, more people... 

Usually, you talk to some people with logic, they voted PAP but they always like to say "No one can do a better job!" I am not sure if these people are naive, daft or simply brainless but lets look at some histories and conclude. As far as I recall, Singapore was heading to two recessions until MAS tweaked quarterly numbers...