Bad debts are rising in SG.
DBS, UOB, OCBC are all affected and this bad debt issue is gg yo cascade down and affect the other industries.
Let us see how pap and MSM will spin and lie abt this bad issue
Very sad.. we are living in an unreal world ...with the money and power in the hands of the few..
I trade and follow the news and watch the market..
Looking at DBS, saddled with over a billion in bad debt...Swiber and Ezra..and yet the bank share price goes the
other way..higher and higher ..from $15.50 to $18.50.. Clearly there is an invisible hand in it.
And also...Olam and Nobel..both were targeted by shortist..and yet Olam stays above $2 and Nobel is 0.20 cts ..in the dumps.
Olam , with its god-father using taxpayer money is propped up while Nobel diligently pared down its assets to pay its loans due. Olam and Dbs own by Temesek, using our taxpayer money.
And yet, their blue eye boy, Gupta still get to keep his job..
How unreal is this..???