Sporns Not Feeling The Pinch Yet???

[Snipeshot08]

For intellectual discussion sake...

(nope I am not from Shittytimes nor Nudepaper)...


Reading from all those news posting by all the hardworking forumners here, seems that many Sporns are still shopping like mad, stocks are going up, property prices seems to have bottom out and going up slightly too, and yet we just received news that the Sinkie economy is shrinking more than we predicted......


Are we Sporns still lagging and not feeling the pinch yet???????? If not now than when will reality set in??

 

[miosux]

For intellectual discussion sake...

(nope I am not from Shittytimes nor Nudepaper)...


Reading from all those news posting by all the hardworking forumners here, seems that many Sporns are still shopping like mad, stocks are going up, property prices seems to have bottom out and going up slightly too, and yet we just received news that the Sinkie economy is shrinking more than we predicted......


Are we Sporns still lagging and not feeling the pinch yet???????? If not now than when will reality set in??

nothing to be confused, this is just further evidence of our two track economy, the haves are enjoying while the have nots are suffering.

eg, so what if 10% or even 20% of bankers get retrenched? the other 80% are still holding on to their well paying jobs, and these are the pple who are spending now, especially with all the fantastic sales. in fact, this will only exacerbate the income divide as the poorer ones have to play catch up when the economy improves and prices go up.

you can get a panasonic 37" japan panel LCD now for 899 with 200 ntuc vouchers. imagine that... half the price from 6 months ago.

 

[annexa]

You go to shopping malls. Still full of people. Sinkies have forgot to save.

 

[tiulehloumoh]

Where got pinch? ......this morning saw an auntie sweeper chatting away on moblie phone while sweeping the corridor........

 

[A Shankar]

As long as the stock markets keep rallying, people can still enjoy life.

 

[Einfield]

For intellectual discussion sake...

(nope I am not from Shittytimes nor Nudepaper)...


Reading from all those news posting by all the hardworking forumners here, seems that many Sporns are still shopping like mad, stocks are going up, property prices seems to have bottom out and going up slightly too, and yet we just received news that the Sinkie economy is shrinking more than we predicted......


Are we Sporns still lagging and not feeling the pinch yet???????? If not now than when will reality set in??

Singaporeans are rich, those retrenched got payout too, some lower rung hand to mouth cases suffer as they can't find another job.

those conservative ones have no debt, house and car loan all paid up and have few hundred K in the bank and stock.

Unless the bad world economy drag on for years, these group of people continue to enjoy life.

 

[halsey02]

For intellectual discussion sake...

(nope I am not from Shittytimes nor Nudepaper)...


Reading from all those news posting by all the hardworking forumners here, seems that many Sporns are still shopping like mad, stocks are going up, property prices seems to have bottom out and going up slightly too, and yet we just received news that the Sinkie economy is shrinking more than we predicted......


Are we Sporns still lagging and not feeling the pinch yet???????? If not now than when will reality set in??

It is not the sinkees that are shopping like mad...the FT's for they have no roots here, not much obligations, & when they go home, their earnings is increased manyfolds..and still can live a comfortable life...please see through the mirage!!:p

 

[Snipeshot08]

eg, so what if 10% or even 20% of bankers get retrenched? the other 80% are still holding on to their well paying jobs, and these are the pple who are spending now, especially with all the fantastic sales. in fact, this will only exacerbate the income divide as the poorer ones have to play catch up when the economy improves and prices go up.

Singaporeans are rich, those retrenched got payout too, some lower rung hand to mouth cases suffer as they can't find another job.

those conservative ones have no debt, house and car loan all paid up and have few hundred K in the bank and stock.

Unless the bad world economy drag on for years, these group of people continue to enjoy life.

I would say that this views sort of echoes what I had in mind also, reality only sets in for those whom are living from hand-to-mouth, or those that seemingly well-to-do but actually living on borrowed money/loans/instalments on their house, car, furnitures, appliances...etc

Those that have abundant cash on hand, while on the other hand enjoys much cheaper goods to splurge on......resulting in counter-reality as spending is still there....

 

[Snipeshot08]

It is not the sinkees that are shopping like mad...the FT's for they have no roots here, not much obligations, & when they go home, their earnings is increased manyfolds..and still can live a comfortable life...please see through the mirage!!:p

Actually it is actually better for them as the costs of living have gone down while their income still stays, unless they get retrenched of cos....:p

 

[makapaaa]

For intellectual discussion sake...

(nope I am not from Shittytimes nor Nudepaper)...


Reading from all those news posting by all the hardworking forumners here, seems that many Sporns are still shopping like mad, stocks are going up, property prices seems to have bottom out and going up slightly too, and yet we just received news that the Sinkie economy is shrinking more than we predicted......


Are we Sporns still lagging and not feeling the pinch yet???????? If not now than when will reality set in??

Or a sign of rich getting richer while poor poorer?