Escalating debt puts Singapore economy under threat

[krafty]

https://sg.finance.yahoo.com/news/escalating-debt-puts-singapore-economy-074300283.html

 

[laksaboy]

Good. Let it crash.

 

[JHolmesJr]

Easy for you to say….you seem unemployed and extremely disgruntled. A sad waste of a man who has clearly shown that he can string a few sentences together.

 

[frenchbriefs]

Escalating debt means more business for pawn shops and licensed moneylenders means more GDP growth.

 

[Poomer]

What goes up must come down, anyone who thinks he can cheat that is a fool. When a ruler is a fool, he either gets removed quickly, or the people suffers.

Let's face it, a recession will actually do more good than bad. A recession will weed out the unproductive companies that are only holding on because of a generous dose of foreign labour. Short term pain, long term gain.

 

[JohnTan]

Big deal. If accumulate too much debts, just run road. A lot of FTs did that in Dubai. Same for Asian students who completed their studies in Australia and have no intentions to stay there for work or immigration. Max out credit card and handphone bills, and then leave forever. It will happen to Sinkapoor eventually.

 

[syed putra]

https://sg.finance.yahoo.com/news/escalating-debt-puts-singapore-economy-074300283.html

These debts are backed by quality and pap-reciating assets. Like more ft's and PR's with money.

 

[Ambulance]

halo leelax lah jiak chappati lim heineken

 

[Cerebral]

Interest rates sonlow, of course debt going up. This is called leveraging mah