Thursday, September 13, 2007

$45 for a box of mooncakes....

Last year I passed by the same shop and it was selling mooncakes for $35. Mooncake sellers expect to make record profits this year. What has the price and profit of mooncake sales to do with anything....?

I've been watching Singapore's M3 growth very closely. M3 is the broadest measure of money and is closely related to inflation. Year-on-year growth for Jul is a whopping 23%. Look at the chart from MAS website : link. ...it is at an all time high!! Our economy is growing at about 7% and our M3 is growing at 23%. If the velocity of money is stable, growth in M3 exceeding GDP growth leads to inflation. By the time I get to 85 year old to collect the $200+ annuity, it is probably enough to buy just one mooncake - I'm now training myself to cut one mooncake into 30 pieces so that it can last for one whole month when I'm 85.

I'm going to my boss tomorrow to demand that my pay be linked to the average price of mooncakes of the the top 5 bestselling brands. That 5% pay hike he gave me earlier this year is actually a pay cut if you adjust for inflation.

14 comments:

Capt_Canuck said...

Who do you think you are, Lucky? Only ministers and the PM/MM can demand a higher raise and demand more money and expect to get it. Little people 'ask' for a raise and should be grateful when it is granted.

And how many mooncakes are they selling for $35? saw a moon cake (size of about a good sized man's fist) for $12 canadian. For $35, I would expect a mooncake the size of a egomaniacs head.

Mongoloid said...

aha, maybe peasants ought to stage a revolt using mooncakes....the way the Mongolians were overthrown by the peasants in ancient China.....Lucky, quickly stuff some hidden message into your mooncake and pass it to Kway Teow Man.

Jason Ho said...

yeah..even today's report noted that some executives are finding it difficult to stay in s'pore because of the high cost of living..sigh~

I too am feeling the pinch man...big time!!

我是警察 said...

moongoloid:

pass to kway teow man?? oh no! the rebellion will be betrayed!

yokokiko said...

If you cannot afford the $45 mooncake, get it from the neighbourhood cakeshop. The $45 mooncake is not for the ordinary singaporean.

Anonymous said...

lucky tan

learn to make good mooncake and sell and make $.

sg is a city of possibilities okie.

Moneyloid said...

45 dollars is but a number.

The hell notes you burn in July is technically no different from those in your wallet.

Why is there such a concept "45 dollars not meant for ordinary Singapore" in Singapore? By the way, your lovely universities and hospitals reserve priorities to foreigners (the former to trick them coming, the latter to earn their money). These two things, according to the Great PAP fuckup is not mean for ordinary Singaporeans.

Who says no choice? Choose to study overseas or die at home loh

Anonymous said...

yes, i agree. $45 mooncakes are not for the majority of the singaporeans, just like the $50,000 meal the lee-ches had.

remember this well, fellow singaporeans, when you vote in the next election.

Anonymous said...

Sure, they remember all the lessons taught after the last election, but come election time again still same old same old. Yawn.

Mooncakeloid said...

ayo, mooncake festival...a festival that is used by the ancient chinese to commemorate the overthrow of the mongolians....fast forward to 2007 Singapore, and I bet you that you get to see how Rich Ministers use Mooncake festival to handle out boxes of $1 mooncakes (no eggyoke inside one!!) to the old and needy. Broadcast on your favorite Channel 5/8 News!! Wayang Time!!!

Anonymous said...

What can you purchase with that miserable annuity when you are 85 years old?

Pension for Ministers and annuity for commin peasants.

All lazy peasants deserve to be deported to Batam for their retirement.

Singapore has no place for you.

Get out of my elite uncaring face.

Anonymous said...

M3 have started to decline in July, compared to Jun.

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