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You see retrenchments every now and then but condos and coe plus million dollars hdb all sold. Meaning this is the best recession that ever happened in history since independence.
You see retrenchments every now and then but condos and coe plus million dollars hdb all sold. Meaning this is the best recession that ever happened in history since independence.
Heng Swee Kock panicked a 2nd time to dip into reserves. First in 09 and 20. He and PAP couldn't see a sharp V recovery both times. What incompetence. Just kick the can down the road. For the next crash, the real crash, Sinkapore would have run out of money.
Heng Swee Kock panicked a 2nd time to dip into reserves. First in 09 and 20. He and PAP couldn't see a sharp V recovery both times. What incompetence. Just kick the can down the road. For the next crash, the real crash, Sinkapore would have run out of money.
Heng Chee Cock was the MD of the MAS, like Jay Powell is the head of the Fed A central bank head. Heng Swee Cock is now like Secretary of the treasury, who was former head of the central bank. They recommend the course of action to the finance minister. Anyway, he bragged about how he was the one who decided to suddenly guaranteeing all SGD deposits a few hours after HKMA. with all our reserves. Like bailing out the entire SGD base base with our reserves. This was done without parliament approval.
Propped up by Heng’s generous doling out of reserves. When he pull the carpet from your feet aka raise taxes expect prices to collapse like a deck of cards.
Singapore has no economy, it's just has a PAP economy that is doing well at all times, but they lump it together with the rest of the real normal people.