Argumentative Essay

"We should not spent on unimportant stuffs during
this Economic Crisis." Do you agree?

Imagine if we spend our money on unimportant things that are branded during the economic crisis, many of the Singaporeans will be bankrupt and lose a lot of money and when you run out of money, you want to buy things that are important how are you going to survive? The topic that I am going to talk about is "We should not spend on unimportant stuff during Economic Crisis". It is because that it concern your future, your daily life and your finance. This topic is important because it concerns several people who can't effort anything that is useful for their household and for their families. In my opinion, I strongly agree that we should not spend on unimportant things during the Economics Crisis. I believe, we will regret if the money we spent was used in buying stuff that are expensive like unimportant stuff and if you wanting to buy something for your household you might not efford it as you had already spent your money. Firstly, I will discuss with you on why we should not spend money on unimportant stuffs during this economics crisis. Secondly, I will touch on what are the consequences if you spent much money on umiportant stuff. Lastly, I will discuss with you on how to divide between spending on unnecessary things and daily needs.

Firstly, let's touch on why we should not spent money on unimportant stuff during the Economic Crisis. Its not wrong to buy stuffs but we should not over spending on unimportant stuff during times where were having Economics Crisis. What will happen if we can't efford to buy useful for household or on your family when your running out of money? How will you support your family then? Will you still want to depend on your parents? How will you find money when the world are having Economic Crisis?So easliy said, you should think carefully before spending on stuff that are not important.

Secondly, lets touch on the consequences if you spend to much money on unimportant stuffs. How will you support your family and yourself if you were to be retrencehed from your job and how will you find another job during the Economics Crisis? Will you still stay on without a job forever? Even if you seek help from your relatives, friends or even your own family, I doubt they will help you as they are also facing similar situation and problem as you. So to solve the problem is to continue work as you have no other jobs unless you are holding two jobs. It is also depending on your attitude if you put in effort in your jobs.

Lastly, I would like to end my talk by touching on how to divide between spending on unnecessary and daily needs. In life you must learn how to divide things equally and appreciate what you have. Never take things for grunted as you will suffer. No matter what important things comes first than unimportant things like your family come first before your friends or even your health. It is all depanding on your various attitude.

In conclussion,I would like to remind you in the previous paragraph that I hope that the people, our nation will understand about values. Values as in no matter how cheap the thing you buy it is still money that were waste. By supporting my stand, you will at least achieve something and prove that eventhough we are in Economic crisis you still can balance things in life.

Informal Letter

Pochponto
3n2

06 April 2009

Dear readers,
Good morning everybody and welcome! My purpose for writting this letter is to let everybody know that we should not spend on unimportant stuffs when there is an Economic Crisis. We will easily be bankrupt and lose a lot of money and when you run out of money, you want to buy things that are important how are you going to survive?

It concern your future, your daily life and your finance. This topic is important because it concerns several people who can't effort anything that is useful for their household and for their families. I believe, we will regret if the money we spent was used in buying stuff that are expensive like unimportant stuff and if you wanting to buy something for your household you might not afford it as you had already spent your money.We should not spent money on unimportant stuff during the Economic Crisis. Its not wrong to buy stuffs but we should not over spending on unimportant stuff during times where were having Economics Crisis. What will happen if we can't afford to buy useful for household or on your family when your running out of money? How will you support your family then? Will you still want to depend on your parents? How will you find money when the world are having Economic Crisis? So easily said, you should think carefully before spending on stuff that are not important

How will you support your family and yourself if you were to be retrencehed from your job and how will you find another job during the Economics Crisis? Will you still stay on without a job forever? Even if you seek help from your relatives, friends or even your own family, I doubt they will help you as they are also facing similar situation and problem as you. So to solve the problem is to continue work as you have no other jobs unless you are holding two jobs. It is also depending on your attitude if you put in effort in your jobs. In life you must learn how to divide things equally and appreciate what you have. Never take things for grunted as you will suffer. No matter what important things comes first than unimportant things like your family come first before your friends or even your health. It is all depending on your various attitude. Our nation will understand about values. Values as in no matter how cheap the thing you buy it is still money that were waste. By supporting my stand, you will at least achieve something and prove that even though we are in Economic crisis you still can balance things in life.

Your Sincerely,
Pochponto

Argumentative Essay

Retrenchment or Pay Cut.
Which do you think is beter for the Economy?


Imagine if our economy went down and our pay for our salary cut down. Our life will not be easy and you will not have enough money to support your family. If we have a choice which will you choose. Retrenchment or accepting the pay that you will get. If we were to choose either one of them usually people will choose accepting the pay cut they get as they have no other choice unless they're born in a rich family. but if you were to choose retrenchment, you will tensed to use up all your savings that you have saved as you do not have any salary payment for not working. Without further a do, the topic that i am going to talk about is "Retrenchment or Pay Cut. Which do you think is better for the economy?" In my opinion i strongly agree that we should choose pay cut rather than retrenchment because is better to suffer for money than to suffer for your whole life without working. Fristly, I would like to talk about why is pay cut is more of a good choice than retrencment. Secondly i would like to touch on is will the people get an advantage if they choose pay cut rather than retrenchment and lastly i would like to discuss with you about how our economy lead to pay cut. Lastly, I will discuss with you about the consequenses if you choose retrenchment than pay-cut.

Firstly i would like to share with you about why is pay cut more of a good choice rather than retrenchment. Pay cut, yes you might lose some money but no matter what you will still get your salary at the end of every month. however, if you were to choose retrenchment by wanting to lose your job or quit your job because of economy that lead to pay cut, you will not only lose your job but you will also going to face a lot of problems like financial needs as a result of you could not support your family or yourself. By choosing pay cut, you will at least have some money to support your family and supporting your family is one of the most important things and the most heavy responsible that you need to do.

Secondly, i would like to touch on is will the people get an advantage if they choose pay cut rather than retrenchment. if the country all were to choose pay cut rather than retrenchment, the country economy will not have to face a lot of difficulties as the people in various cuntry will at least have some money to support their family. the advanages of choosing pay cut is a lot because you will at least have some money to help you in your future eventhough it is not much but it is just enough for you to survive. comparing our present world and the past, the past suffered more than the present people. yes it might be tough be sooner or later you will understand why the world getting tougher and tougher.

Lastly, I will discuss with you all about the consequenses if you choose retrenchment than pay-cut. You will face double the problems when you choose retrenchment than pay-cut because if you choose retrenchment you will have no money to support your family living. Whereas, if you choose pay-cut you will at least face a little bit of problems.

In conclusion, I would like to remind you of what I have discuss with you on the previous paragraph which is that I will be choosing pay-cut than retrenchment. Once again, I would like to stress myself that I will choose pay-cut than retrenchment. By supporting my view, you can make your own life a little bit easier by choosing pay-cut and you will not suffer in life.

Informal Letter

Pochponto
3n2

29 March 2009

Dear readers,
Good morning everybody and welcome! My purpose for writting this letter is to let the the family members know that Economic 2009 has impacted Singapore greatly that Singapore is lack of money to support the country.

Economic cirsis is the term of financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world. More and more students are not studying just because to help their family find more money rather than studying at school just because of economic crisis.

Students may not think about their family life and living and are not thinking about their life. For them family is more important then theirself. They will not get a much education as they need to look for jobs. Their future will not be stable as a result of their education. They can have problems to help their family or their marraige life because they have not enough money to lead the family.When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking), it is difficult for them to quickly pay back all deposits if these are suddenly demanded, so a run may leave the bank in bankruptcy, causing many depositors to lose their savings unless they are covered by deposit insurance. A situation in which bank runs are widespread is called a systemic banking crisis or just a banking panic. A situation without widespread bank runs, but in which banks are reluctant to lend, because they worry that they have insufficient funds available, is often called a credit crunch.Examples of bank funds include the run on the Bank of the United States in 1931 and the run on Northern Rock in 2007. The collapse of Bear Stearns in 2008 has also sometimes been called a bank run, even though Bear Stearns was an investment bank rather than a commercial bank. The U.S. savings and loan crisis of the 1980s led to a credit crunch which is seen as a major factor in the U.S. recession of 1990-1991.

GST of all prices are getting higher and expensive when economic crisis occurs. For the past many years people stant to lose their jobs because of lack of education needs and when less education the people have ie is hard for them to find jobs so, their boss need to fired them. Many tourist and forigeners are starting to make stories about Singapore when they know what is happening in Singapore. Around 4.1 thousands to 739 000 tourist from other countries are getting lesser and lesser because of economic crisis. Economists say that a financial asset (stock, for example) exhibits a bubble when its price exceeds the present value of the future income (such as interest or dividends that would be received by owning it to maturity).[3] If most market participants buy the asset primarily in hopes of selling it later at a higher price, instead of buying it for the income it will generate, this could be evidence that a bubble is present. If there is a bubble, there is also a risk of a crash in asset prices: market participants will go on buying only as long as they expect others to buy, and when many decide to sell the price will fall. However, it is difficult to tell in practice whether an asset's price actually equals its fundamental value, so it is hard to detect bubbles reliably. Some economists insist that bubbles never or almost never occur.Well-known examples of bubbles (or purported bubbles) and crashes in stock prices and other asset prices include the Dutch tulip mania, the Wall Street Crash of 1929, the Japanese property bubble of the 1980s, the crash of the dot-com bubble in 2000-2001, and the now-deflating United States housing bubble.

When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight. Negative GDP growth lasting two or more quarters is called a recession. An especially prolonged recession may be called a depression, while a long period of slow but not necessarily negative growth is sometimes called economic stagnation. Since these phenomena affect much more than the financial system, they are not usually considered financial crises per se. But some economists have argued that many recessions have been caused in large part by financial crises. One important example is the Great Depression, which was preceded in many countries by bank runs and stock market crashes. The subprime mortgage crisis and the bursting of other real estate bubbles around the world is widely expected to lead to recession in the U.S. and a number of other countries in 2008.Nonetheless, some economists argue that financial crises are caused by recessions instead of the other way around. Also, even if a financial crisis is the initial shock that sets off a recession, other factors may be more important in prolonging the recession. In particular, Milton Friedman and Anna Schwartz argued that the initial economic decline associated with the crash of 1929 and the bank panics of the 1930s would not have turned into a prolonged depression if it had not been reinforced by monetary policy mistakes on the part of the Federal Reserve,and Ben Bernanke has acknowledged that he agrees.

Argumentative Essay

"Economic Crisis 2009 has impacted Singapore greatly"

Do you agree?

Imagine if more and more students are not studying because to help their family find more money rather than studying at school just because of economic crisis. The importance of this topic is that it concerns the future of the students wheather they can study or not. In my opinion, i strongly agree that Economic Crisis 2009 has impacted Singapore greatly. Firstly, I will talk about the future of the students. Secondly, I will touch on "What will happen when Singapore become very poor." Lastly, I will discuss on the government cannot sponsor some of the things anymore.

Firstly, lets touch on about the future of the students. Students may not think about their family life and living and are not thinking about their life. For them family is more important then theirself. They will not get a much education as they need to look for jobs. Their future will not be stable as a result of their education. They can have problems to help their family or their marraige life because they have not enough money to lead the family.

Secondly, I will touch on " What will happen when Singapore become very poor?"GST of all prices are getting higher and expensive when economic crisis occurs. For the past many years people stant to lose their jobs because of lack of education needs and when less education the people have ie is hard for them to find jobs so, their boss need to fired them. Many tourist and forigeners are starting to make stories about Singapore when they know what is happening in Singapore. Around 4.1 thousands to 739 000 tourist from other countries are getting lesser and lesser because of economic crisis.

Lastly, I will discuss on the government cannot sponsor some of the things anymore. Banking crisis are When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking), it is difficult for them to quickly pay back all deposits if these are suddenly demanded, so a run may leave the bank in bankruptcy, causing many depositors to lose their savings unless they are covered by deposit insurance. A situation in which bank runs are widespread is called a systemic banking crisis or just a banking panic. A situation without widespread bank runs, but in which banks are reluctant to lend, because they worry that they have insufficient funds available, is often called a credit crunch. Speculative bubbles and crashes Economists say that a financial asset (stock, for example) exhibits a bubble when its price exceeds the present value of the future income (such as interest or dividends that would be received by owning it to maturity).[3] If most market participants buy the asset primarily in hopes of selling it later at a higher price, instead of buying it for the income it will generate, this could be evidence that a bubble is present. If there is a bubble, there is also a risk of a crash in asset prices: market participants will go on buying only as long as they expect others to buy, and when many decide to sell the price will fall. However, it is difficult to tell in practice whether an asset's price actually equals its fundamental value, so it is hard to detect bubbles reliably. Some economists insist that bubbles never or almost never occur. International financial crisis When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Many Latin American countries defaulted on their debt in the early 1980s. The When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Many Latin American countries defaulted on their debt in the early 1980s. The 1998 Russian financial crisis resulted in a devaluation of the ruble and default on Russian government bonds.

In conclusion, I would like to remind you of what I have discuss on the previous paragraph which is the issues of having economic crisis, future of the students, when Singapore become very poor and government cannot sponsor some of the things anymore. Once again, I would like to stress my opinion that I strongly agree that economic crisis 2009 has impacted Singapore greatly. By supporting my view, you would be able to save your money easily and be prepared.

Essay Planning

"Economic Crisis 2009 has impacted Singapore greatly"

=> FuTuRe Of ThE sTuDeNtS.

- thinking about their family life

- the students will not get much education as they need

- their future will not be stable as a result of their education

- for them the family life is more important than theirself

- they will not have enough money to support their family or their marraige life

=> WhEn SiNgApOrE bEcOmE vErY pOoR.

- GST of all prices are getting higher and expensive

-for the past many years many people stant to lose their jobs because of lack of their education needs

- many tourist and forigners are starting to make gossip about Singapore when they know what is happening to Singapore

- around 4.1 thousand to 739 000 tourist from other countries are getting lesser because of economic crisis

=>GoVeRnMeNt cAnNoT sPoNsOR sOmE oF tHe ThInGs AnYmOrE.

- banking crisis

- speculative bubbles and crashes

- international financial crisis

- wider economic crisis

Economic Crisis

What is economic crisis ?

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.


Types of financial crisis : Banking Crisis

When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking), it is difficult for them to quickly pay back all deposits if these are suddenly demanded, so a run may leave the bank in bankruptcy, causing many depositors to lose their savings unless they are covered by deposit insurance. A situation in which bank runs are widespread is called a systemic banking crisis or just a banking panic. A situation without widespread bank runs, but in which banks are reluctant to lend, because they worry that they have insufficient funds available, is often called a credit crunch.
Examples of bank funds include the run on the Bank of the United States in 1931 and the run on Northern Rock in 2007. The collapse of Bear Stearns in 2008 has also sometimes been called a bank run, even though Bear Stearns was an investment bank rather than a commercial bank. The U.S. savings and loan crisis of the 1980s led to a credit crunch which is seen as a major factor in the U.S. recession of 1990-1991.


Speculative bubbles and crashes :

Economists say that a financial asset (stock, for example) exhibits a bubble when its price exceeds the present value of the future income (such as interest or dividends that would be received by owning it to maturity).[3] If most market participants buy the asset primarily in hopes of selling it later at a higher price, instead of buying it for the income it will generate, this could be evidence that a bubble is present. If there is a bubble, there is also a risk of a crash in asset prices: market participants will go on buying only as long as they expect others to buy, and when many decide to sell the price will fall. However, it is difficult to tell in practice whether an asset's price actually equals its fundamental value, so it is hard to detect bubbles reliably. Some economists insist that bubbles never or almost never occur.
Well-known examples of bubbles (or purported bubbles) and crashes in stock prices and other asset prices include the Dutch tulip mania, the Wall Street Crash of 1929, the Japanese property bubble of the 1980s, the crash of the dot-com bubble in 2000-2001, and the now-deflating United States housing bubble.


International financial crises :

When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.
Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Many Latin American countries defaulted on their debt in the early 1980s. The When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.
Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Many Latin American countries defaulted on their debt in the early 1980s. The 1998 Russian financial crisis resulted in a devaluation of the ruble and default on Russian government bonds.


Wider economic crisis :

Negative GDP growth lasting two or more quarters is called a recession. An especially prolonged recession may be called a depression, while a long period of slow but not necessarily negative growth is sometimes called economic stagnation. Since these phenomena affect much more than the financial system, they are not usually considered financial crises per se. But some economists have argued that many recessions have been caused in large part by financial crises. One important example is the Great Depression, which was preceded in many countries by bank runs and stock market crashes. The subprime mortgage crisis and the bursting of other real estate bubbles around the world is widely expected to lead to recession in the U.S. and a number of other countries in 2008.
Nonetheless, some economists argue that financial crises are caused by recessions instead of the other way around. Also, even if a financial crisis is the initial shock that sets off a recession, other factors may be more important in prolonging the recession. In particular, Milton Friedman and Anna Schwartz argued that the initial economic decline associated with the crash of 1929 and the bank panics of the 1930s would not have turned into a prolonged depression if it had not been reinforced by monetary policy mistakes on the part of the Federal Reserve,and Ben Bernanke has acknowledged that he agrees.