Countdown. Anna welcome to the program, everybody. Lets start with the surprise move. This time by the singapore monetary authority. They are their Monetary Policy. This is a trade dependent city. Therefore, it has to cross into many asset classes. Manus what struck me this morning was the singaporeans moving back to policy they had in 2008. Necessarilymeans everybody is going back. But this is a reversion. The ecb had a step back and policy. The next thing youll ask yourself, is kuroda there . There is a limit to the negative buy. The singapores sling. You have the Singapore Dollar, it drops. Maybe that is the most impactful that we have seen. That lets bring some of up for you. We see the action in emerging markets and currencies. We have the new Zealand Dollar in there as well, and the Australian Dollar which was hit as well. There you are, some of those moves. Indonesian, or new zealand, the result of what we saw out of singapore. Piece to be is a had in terms of these currencies.
Over the price of oil. And the most talked about man in europe is set to arrive in davos. Thomas jordan faces the forum after last weeks spectacular change of policy. Hello. Welcome to countdown. Im mark barton. Im anna edwards. We have over loads of ceos. A lot of prime ministers. They companies over there. They are all here. What theyre talking about is the price of oil. That seems to be the subject everyone is focusing on here. How big of an impact will have on the Global Economy in 2015 . What will it mean for the businesses for their countries . Everyone is trying to figure that out. The pace of the change has been so dramatic. No one has an answer. It is interesting. We walked around. There were plenty of ceos and finance ministers that now work for banks. When you chat with them on oil and swiss franc is this off the record . And still try to figure out how to read into this. This is the crux of the problem. A lot of the sessions are full. You havent quite figured it out. Its to
Getting a significant reduction in their pension he or they wont have supported this were retired and dont have to worry about it but our brothers and sisters that are working in the staff will probably want to know why their pensions are effected. Is that a question or comment for russel. Seeing none, no other Public Comment ill close. The calory k chairing will entertain a motion of adaptation and participation recommendations ill move it. Second. Discussion on the motion seeing none, all in favor, say i. I. Passes unanimously please call item 11. inaudible world core entity within the teetering a target. The chair will accept it as explanatory ill open it up for another motion. Recommendations. I move we accept this funds. Ill second it. Great discussion on the motion . Seeing none, ill open up for Public Comment welcome back commissioner melberger. Just to get a braider mandate is that the purpose. Ling les low when we made the recommendation to get properly capitulated endorse thr
Novelist aware they would be getting a significant reduction in their pension he or they wont have supported this were retired and dont have to worry about it but our brothers and sisters that are working in the staff will probably want to know why their pensions are effected. Is that a question or comment for russel. Seeing none, no other Public Comment ill close. The calory k chairing will entertain a motion of adaptation and participation recommendations ill move it. Second. Discussion on the motion seeing none, all in favor, say i. I. Passes unanimously please call item 11. inaudible world core entity within the teetering a target. The chair will accept it as explanatory ill open it up for another motion. Recommendations. I move we accept this funds. Ill second it. Great discussion on the motion . Seeing none, ill open up for Public Comment welcome back commissioner melberger. Just to get a braider mandate is that the purpose. Ling les low when we made the recommendation to get pro
Specifically inaudible to 55 is that possible to get a better explanation im trying to figure out if this is moving people out of the benefits to assigned contributions or why theres a significant reduction in the pension benefits because i think those supported prop c were novelist aware they would be getting a significant reduction in their pension he or they wont have supported this were retired and dont have to worry about it but our brothers and sisters that are working in the staff will probably want to know why their pensions are effected. Is that a question or comment for russel. Seeing none, no other Public Comment ill close. The calory k chairing will entertain a motion of adaptation and participation recommendations ill move it. Second. Discussion on the motion seeing none, all in favor, say i. I. Passes unanimously please call item 11. inaudible world core entity within the teetering a target. The chair will accept it as explanatory ill open it up for another motion. Recomm