Are we in recession now?

[Leckmichamarsch]

How come my friends doing sales and those in shipping told me we are already into recession? pap never report just in case people got frighten keep the money and refused to spend. causing the recession to trigger even faster.

now you know why GE was advanced............

 

[hbk75]

The so called "high end" FTs are already abandoning Singapore. Banks and Oil and Gas companies are sending their FTs back. Went to meet a friend in Sentosa who runs a restaurant there. Told me that his takings have halved and he is not sure if he can continue. Sentosa will soon revert to its original name as has really become "belakang mati" - ghost enclave of the rich !! Condos in district 10 and 11 , plenty of empty units for rent and have been on the market for months and no takers. In my condo, 30 % empty , all happened in the last year or so. I guess for sinkies (the 70% anyway) , ignorance is bliss until it hits them in the face!

so how many 70% will have a rude wake up call when their houses got foreclosure?

 

[hbk75]

now you know why GE was advanced............

just siam fast first. later u die ur own business.

 

[hbk75]

Alternatively, it can help pump up its own domestic consumption via release of some of the property cooling measures. The moribund property market is affecting many secondary industries eg. renovation, appliances, design services, etc. Helping to inject more life to the market will give a boost to the local economy even as the global economy is slowing down.

haha. banks up interest rates quietly liao. later when recession hits. they will tighten lendings. you remove whatever cooling measures also does not help when people got no money. this was proven in 1998-2003. whatever cooling measures was removed after 1997 crash but still prices dropped.

 

[halsey02]

when all is quiet in sinkieland, when the shitty times is so silent, when the miws does not boast about the economy, when the property agents tell you got discounts everywhere, when banks suddenly increase interest rates for loans quietly, when your banker start making alot of nuisance calls to you, when your workers started greeting you every moment, when STI is in negative terrotory, when causeway queues are extra long, you know we are already in a deep recession and going into depression. good to have it as too many idiots think it is OK to charge $20 for a lousy plate of fired rice or chicken rice .

Where got......let's all sing together....it is https://www.youtube.com/watch?v=CTMMRrxx-Ug
& yo can do magic also..... https://www.youtube.com/watch?v=jb8Sa0jp7Pw

all you need to do is to believe. become a believer like the 70%.... https://www.youtube.com/watch?v=XfuBREMXxts

 

[potter]

NOL, for sure in the news. :p

 

[JHolmesJr]

You'll know when we get some free Recession Fun Packs with cup noodles, a torch and some balloons.

 

[Hans168]

just siam fast first. later u die ur own business.

exactly................. which whore is a jinx (to sgian)? she spent 6 mths to manuplilate the system

 

[Hans168]

You'll know when we get some free Recession Fun Packs with cup noodles, a torch and some balloons.

no alms bowl??

 

[halsey02]

Thats why u need a steady hand like the PAP to guide us through the difficult times.

That hand is clammy & slippery....

 

[halsey02]

no alms bowl??

You can go CC for free coffee, free scones, free movies, free football live telecast....even the RC's, have free coffee....all special brewed, after drinking, you become a BELIEVER! ha ha ha ha

What alms bowl....you have to BOW to the white gods for ALMS...even yOUR own CPF money.

 

[numero uno]

all those which u have mentioned does not seems to happen yet leh.

hahahhahah. yesterday I told you and you don't believe me. well I would just make it happen overnight.


http://www.bloomberg.com/news/artic...ong-kong-extend-annual-slump-as-yuan-declines
now China stocks lunge so much taht they have to halt it
I am always prescient and alot of my predictions are very accurate. see my past posts.
hahhahahahh having a blast seeing all those greedy farking idiots getting burnt. wonderful.

 

[hbk75]

hahahhahah. yesterday I told you and you don't believe me. well I would just make it happen overnight.


http://www.bloomberg.com/news/artic...ong-kong-extend-annual-slump-as-yuan-declines
now China stocks lunge so much taht they have to halt it
I am always prescient and alot of my predictions are very accurate. see my past posts.
hahhahahahh having a blast seeing all those greedy farking idiots getting burnt. wonderful.

heard fed dec hike removed 400 plus billions from the market.

 

[frenchbriefs]

heard fed dec hike removed 400 plus billions from the market.

u mean 400 billion debt from their balance sheet or...?

 

[hbk75]

u mean 400 billion debt from their balance sheet or...?

from the market.


http://finance.yahoo.com/news/-475-...s-in-credit--mutual-funds-023901085.html?l=1#

 

[Fishypie]

Just ask yourseLf why so much ongoing roadworks suddenLy ?
Government is ramping up works just keep the sagging economy going.

 

[winnipegjets]

Thats why u need a steady hand like the PAP to guide us through the difficult times.

You mean a steady man to steal from us?

 

[virus]

http://www.telegraph.co.uk/finance/...on-first-trading-day-2016-on-China-fears.html

FTSE poised for worst stock market start this century as China-led malaise wipes £40bn off index
UK's leading companies suffer falls in share price after China's stock market plunged 7pc

 

[kryonlight]

What do you think of these 2 articles by Brandon Smith?

The Global Economic Reset Has Begun

What Fresh Horror Awaits The Economy After Fed Rate Hike?

 

[mojito]

u mean 400 billion debt from their balance sheet or...?

Liquidity, as hbk75 said. Rising rates always dampen appetite for borrowing, hence outstanding credit contracts and asset prices fall in tandem. The tide is going out boys, hope you haven't been swimming naked.