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Are we in recession now?
- Thread starter hbk75
- Start date
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.
The most reliable indicator of recession or no recession is the Geylang Index. Lately the OKTs report that takings have dropped quite a lot so that means we are officially in recession.
The stock market tells the truth - STI is the worst performing bourse index in 2015. Banks are retrenching, you say leh
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 .
how come got such calculation?
nobody feels it yet leh. restaurants still have queues. coe still 60k. hdb still 1 million.
dun be surprised they need official memo from 154th to know that they are in deep shit.
Thats why u need a steady hand like the PAP to guide us through the difficult times.
pap only help u by getting u into more debts. coming recession will be a long and painful one.
Don't worry to keep us competitive, they can utilise the $300 billion or so in the CPF... just need to raise the minimum age again...
No recession lah...restaurant got queue mah....property price still high mah..n the 70% told me so..
i believe the recession is here when all the fts fuck off home back to where they belong.otherwise its business as usual and the fucking goes on.
[video=youtube;fOaxEa5ONJw]https://www.youtube.com/watch?v=fOaxEa5ONJw[/video]
[video=youtube;fOaxEa5ONJw]https://www.youtube.com/watch?v=fOaxEa5ONJw[/video]
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!
My feeling is that the government is monitoring the economy closely and will not hesitate to act to counter any recessionary pressures through fiscal policy and/or monetary policy adjustments.
The big question is still the China's slowdown and its impact on the global economy.
Singapore needs to find the NEXT BIG THING in order to thrive well into the next 10 to 20 years. Otherwise it has to rely on the same formula of open population immigration policy to bring about growth. We cannot run away from importing foreign talents and with them foreign investment to spruce up the economy.
The big question is still the China's slowdown and its impact on the global economy.
Singapore needs to find the NEXT BIG THING in order to thrive well into the next 10 to 20 years. Otherwise it has to rely on the same formula of open population immigration policy to bring about growth. We cannot run away from importing foreign talents and with them foreign investment to spruce up the economy.
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.
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