Thread: 30K Investment
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Old 10-01-2013, 10:20 PM   #18
lzydata
Master Member
 
Join Date: Oct 2010
Posts: 3,280
Please lah, the CPI stats is produced by the very ppl who cause inflation. You must be damn naive to believe the inflation figures.

Its a open secret that CPI is many times lower than real inflation. You want real inflation figures, go MAS website, see M1 money supply since 2000. In last 12 years, SGD has lost 75% of value.
We're barely into it, but I believe we have a contender for dumbest comment of the year.

1. CPI figures are fake, but M1 figures supplied by MAS are 100% accurate and reliable.
2. Somehow you can find out about inflation by looking at M1, never mind the size of the economy, the actual prices of goods and services or anything.
3. ..and you can connect it to SGD too. The following is also from the 100% accurate and reliable MAS website:

7 Jan 2000
EUR 1 = SGD 1.7154
GBP 1 = SGD 2.7405
USD 1 = SGD 1.6635

10 Jan 2013
EUR 1 = SGD 1.6010
GBP 1 = SGD 1.9648
USD 1 = SGD 1.2268

My calculator must be broken, I cannot get 75% SGD depreciation.
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