Sales, Social and Tech

A friend was asking what are derivatives and what does it have to do with trading. I explained in local terms and it is something that I feel should be repeated on the blog. Please note that the supermarkets mentioned here are only used for example sake and they may or may not be involved in derivatives trading.  Say it takes a year to grow rice. A farmer starts planting rice in January 2011. The price of rice is SGD1 per kg in January 2011. However, the farmer is worried that by January 2012, the price of rice will drop to SGD0.90 per kg. NTUC is worried that the price of rice might increase to SGD1.20 per kg in January 2012. So in January 2011, the rice farmer agree to sell the rice to NTUC at SGD1.10 per kg in January 2012. When Jan 2012 comes, the price of rice is SGD0.80 per kg, the farmer is protected as he can sell the rice to NTUC at SGD1.10 per kg. The farmer gains, but NTUC loses. The opposite scenario is at Jan 2012, the price of rice is at SGD1.30, NTUC saves, ...

How Fiat Money is making the rich richer and the poor poorer..

Economists will guide you to Singapore’s GDP figures and unemployment figures to tell you when the economy is improving. I have my own indicators though. You will know Singapore’s economy is recovering when… 1. …the number of coffee treats to Ya Kun reduces and StarBucks increases Ya Kun - The Toast That Binds... Kinship, Friendship, Partnership via kwout Ya Kun is Singaporean’s cheaper alternative to Starbucks. A cup of coffee will only cost you about SGD1.20. At Starbucks, a normal coffee will create a deficit in your wallet by about SGD3.80. However, some will suggest  you go to the nearest KopiTiam (coffee shop in Hokkien) for a SGD0.80 cuppa. 2. … Massage palour ads occupy 2 full pages or more in The New Paper Singapore daily tabloid, The New Paper, usually feature ads from Massage Palours all over Singapore in their classified sections. Most male Singaporeans know that these Massage Palours offer “Happy Endings” under covers which costs more than th...