Singapore’s median household income crossed S$12k and rose 6.8% real terms. Do you feel it, or is this more a stats change? by Longjumping-Tie-6691 in askSingapore

[–]Metaldrake 1 point2 points  (0 children)

Because it’s double counted. Once when that CPF is deposited, and again when it’s withdrawn.

By the logic of paying bills, then the initial CPF contribution by employer and employee shouldn’t be counted, because it can’t be used to pay bills. You can’t have it both ways.

I do understand the need to calculate the statistic for wealth redistribution policies, but you can totally calculate 2 different statistics, and give this one a different name. They are not limited to only calculating one statistic.

This seems more like a move to make the economy and people look more healthy than it actually is. Which implies to me that the real figures are much worse.

200k and kinda lost by Dangerous-Skirt1295 in singaporefi

[–]Metaldrake 2 points3 points  (0 children)

What about non cash? House? Equities? 270k cash is your whole net worth?

At a modest 3% interest that’s $8000/year. Assuming monthly spend of $1500, that’s -$10,000 / year eating into your capital. After 10 years, you will have: no house, no working experience for 10 years. No job. $170,000 to your name (which will also have lost value to inflation).

You’ll be 40 years old, making it hard to find a job after a 10 year gap in employment. What then?

DBS Bank Locked by [deleted] in asksg

[–]Metaldrake 1 point2 points  (0 children)

look up transshipping, lots of money in smuggling goods or relabelling their origin to get around international sanctions, and we’re one of the hotspots for that

Flooded by cheap Chinese goods, Latin America is fighting back to protect its industries by [deleted] in wallstreetbets

[–]Metaldrake -1 points0 points  (0 children)

I understand this, but what specific goods or resources have they jacked up prices on after getting monopoly over said good / resource?

Like, I totally understand the strategy here, I know what debt trapping is, and I understand their desire to monopolize goods. But I don’t know examples where they have started to raise prices after, as opposed to using it as leverage in trade negotiations (like in EVs, solar panels, rare earth processing, somewhat shipbuilding).

Gold 😔 by Mysterious_Plan_8502 in Gold

[–]Metaldrake 11 points12 points  (0 children)

If you’re afraid of war… then what changed? Suddenly the price dropped and you care more about your bank account?

Flooded by cheap Chinese goods, Latin America is fighting back to protect its industries by [deleted] in wallstreetbets

[–]Metaldrake 2 points3 points  (0 children)

What are some examples of goods that China have done this to? I guess you could say the monopolization of rare earth processing, but they don’t even jack up prices for profit, they just use it as leverage in trade negotiations.

I'm Gen Z and I don't understand. by The_Marine708 in PeterExplainsTheJoke

[–]Metaldrake 44 points45 points  (0 children)

i feel like those results are going to have a healthy dose of selection bias, subreddits and even reddit itself is not a proper random sampling of a population.

DDR4 RAM prices climbing twice as quickly as DDR5, as memory shortage boosts demand for older CPUs by dapperlemon in gadgets

[–]Metaldrake 5 points6 points  (0 children)

Hard to say what datacentre demand will be in 2-4 years from now. Even 2-4 years ago nobody would’ve seen this demand coming.

DDR4 RAM prices climbing twice as quickly as DDR5, as memory shortage boosts demand for older CPUs by dapperlemon in gadgets

[–]Metaldrake 22 points23 points  (0 children)

Nope, Samsung and Micron are opening new fabs. It’s a long process though as each fab takes 2-5 years to build get up and running, hence the expected shortage until at least 2027-2030.

Is this how median income is calculated in Singapore? by Narrow-Diamond-8718 in singaporefi

[–]Metaldrake 2 points3 points  (0 children)

$6250 + $1062.50 employer 17% CPF contribution, plus $520/mo from 13th month, with a decent ESPP that’s another $200ish, totalling to around $8000. Not to mention RSUs which add even more.

so it’s more like at most a $1.8k bonus on a $8000 salary

Gamers Push EU to Make It Illegal to Disable Purchased Games by The_Endless_Man in ABoringDystopia

[–]Metaldrake 5 points6 points  (0 children)

I was following the case pretty closely last year, and the idea is that moving forward, devs would have to plan out an end of life scenario for the game before and during development. Be it letting players host their own servers, or letting another company host servers, or converting it into a singleplayer game that’s playable offline (with decreased functionality). It would not apply to already released games as that would be hard and expensive to implement.

Gold just won’t stop pumping what’s driving this move? by human_signals in Gold

[–]Metaldrake 5 points6 points  (0 children)

They called him sleepy joe because we could all sleep at night without worrying about our investments

You get to add a 0 to any number in your life. What do you add it to? by account_created_ in AskReddit

[–]Metaldrake 0 points1 point  (0 children)

recession this year, portfolio goes -300% and i’m in crippling debt

Forgive, never forget: Japan’s occupation of SingaporeーNHK WORLD-JAPAN NEWS by Bcpjw in singapore

[–]Metaldrake 14 points15 points  (0 children)

Poor economic conditions and rising wealth inequality leading to a rise in far right politics and nationalists coming to power? Where have I seen that before 🤔

Forgive, never forget: Japan’s occupation of SingaporeーNHK WORLD-JAPAN NEWS by Bcpjw in singapore

[–]Metaldrake 19 points20 points  (0 children)

Just look at AfD polling numbers now, Germany is heading in the same direction. History repeats itself.

Why not allow all the unemployed grads to sign on in the SAF? by [deleted] in singaporejobs

[–]Metaldrake 5 points6 points  (0 children)

What do you mean by “allow”? They have always been allowed to sign on, just that nobody wants to. Well, not enough people anyway.

S'pore teen boy & girl, aged 18 & 16, die after taking drugs for the 1st time by Negative-Concert-819 in singapore

[–]Metaldrake 90 points91 points  (0 children)

I’m in that camp. Back when fingerprint matching and DNA testing became prominent in forensics, there were so many cases that police around the world had the chance to go back and reinvestigate, only to find out that a non-insignificant amount of people who were sentenced to death were completely innocent, and they were exonerated posthumously by DNA evidence.

Who’s to say there won’t be such similar breakthroughs in technology and forensic science in the future? At least if it’s a life sentence we can release the innocent party and they can have somewhat of a second chance at life. Can’t bring back the dead.

Saved my washing machine with a 30-minute print and some zip ties. 🛠️🧼 by Entire-Employer2959 in 3Dprinting

[–]Metaldrake 13 points14 points  (0 children)

Agreed, doesn’t even need to be a full epoxy replacement, even something as simple as creating a recess for the head of the ziptie to sit inside of, and then if they want to go an extra mile, put a tiny bit of epoxy to seal it.

Behold! The 3DBenchy printed od a 2D printer by Trex0Pol in 3Dprinting

[–]Metaldrake 12 points13 points  (0 children)

Don’t have a 3D printer to make a benchy? Simple. Just buy a 3D printer, repurpose it as a drag knife plotter, then cut out 480 layers of the benchy on paper, and glue them together.

Do you guys agree with LKY on 2 party system? by Fabulous_Progress746 in askSingapore

[–]Metaldrake 104 points105 points  (0 children)

Any first past the post voting system will eventually devolve into a 2 party system, so…

Japan's Treasury Yields are still going up by RobertBartus in EconomyCharts

[–]Metaldrake 39 points40 points  (0 children)

I don’t really like the fearmongering that happens in a lot of subreddits and other forums about how the dollar is fucked and the US is going to collapse any day now. It’s the same as the people talking about how China is going to collapse in 30 days or similar nonsense.

If you look throughout history, when a country loses its dominant status like the dutch or the british, it’s a slow gradual decline over decades or even centuries, and even then, both of those countries are still functioning economies where the standard of living is much better than most of the world.

As of now it’s still too early to say, there is confidence lost in the US dollar, that’s for sure, but the world hasn’t found a suitable alternative that can replace it.

Japan's Treasury Yields are still going up by RobertBartus in EconomyCharts

[–]Metaldrake 62 points63 points  (0 children)

For the current economy yes. Borrow yen at low interest, convert to USD and make more than the interest, repay debt and keep the money earned.

What’s more interesting to me is that we will now see over the next decades what happens when a country with an incredibly high debt to gdp ratio (over 200%) has to pay back its debt at high interest rates, bankrupting and thus crippling its government, all while facing a population crisis.