I believe the recession is already happening in Singapore

[lifeafter41]

Technical recession or not pending the next quarterly report.

 

[eeoror88]

Technical recession or not pending the next quarterly report.

Don't seem so leh ... my foodcourts' takings seem to improve !!

 

[pia]

Don't seem so leh ... my foodcourts' takings seem to improve !!

Because more can't afford restaurant food?

Anyway, if recession, your foodcourt biz should improve. Focus on economy rice

 

[eeoror88]

Because more can't afford restaurant food?

Anyway, if recession, your foodcourt biz should improve. Focus on economy rice

Best net profits still from my Chicken Rice and Western foodstall.

 

[annexa]

Best net profits still from my Chicken Rice and Western foodstall.

Wa, even your civil service high paid scholars now eat at your chicken lice and western. Economy really down.

 

[lifeafter41]

Don't seem so leh ... my foodcourts' takings seem to improve !!

Reession or not, still got to makan. Just have to decide between, restaurant, foodcourt, hawker centre or homecooked meals.

 

[madmansg]

time to retreat to batam.

 

[jw5]

Technical recession or not pending the next quarterly report.

Actually it doesn't matter to the individual at both ends of the scale whether there is a recession or not.
Do you think the minister's lifestyle is affected by a recession? Do you think the old man collecting garbage is affected by the recession?
Unfortunately, it's the general well being of all those in between that is reduced.
Hence the minister should donate some of his wealth to support the really poor.

 

[eeoror88]

time to retreat to batam.

You return to detention better. Free food, healthy lifestyle and free board !!

 

[Leongsam]

Technical recession or not pending the next quarterly report.

What difference does it make? Peasants are fucked no matter which way the economy goes.

 

[phouse3]

I mentioned in the old forum that a world recession would pan out after the Beijing Olympics and US Presidential Election.

I didn't see the huge impact of the sub-prime problem and the recession to come so soon. I thought a recession would be triggered by empty hotel rooms and contruction tail-offs in China and the deficits in US.

Well, at least I was right in predicting that low-end HDB flats price rise would continue despite the sub-prime problem (because of influx of new migrants). Indeed both events have taken place.

Nonetheless, I think the world is on track for a recession. The China slowdown and US deficits are still as relevant. Singapore's GDP growth will likely decline by double digits in many quarters to come (year on year). GDP numbers driven by petrochemicals and pharmaceuticals work both ways. They can cause GDP growth to swell by double digits; they can also cause GDP growth to plunge by double digits.

A recession is extremely healthy and a welcomed break for the peasants living on fixed income or on savings. They will actually see their real income/savings increase due to the cessation of inflation. There is also a lesser likelihood of another GST hike.

The people who will suffer are those basking in the current golden period. They may turn brown getting their fingers burnt.

I welcome a prolong recession for personal reasons. I think Singapore will be less crowded and expensive.

 

[lifeafter41]

I mentioned in the old forum that a world recession would pan out after the Beijing Olympics and US Presidential Election.

I didn't see the huge impact of the sub-prime problem and the recession to come so soon. I thought a recession would be triggered by empty hotel rooms and contruction tail-offs in China and the deficits in US.

Well, at least I was right in predicting that low-end HDB flats price rise would continue despite the sub-prime problem (because of influx of new migrants). Indeed both events have taken place.

Nonetheless, I think the world is on track for a recession. The China slowdown and US deficits are still as relevant. Singapore's GDP growth will likely decline by double digits in many quarters to come (year on year). GDP numbers driven by petrochemicals and pharmaceuticals work both ways. They can cause GDP growth to swell by double digits; they can also cause GDP growth to plunge by double digits.

A recession is extremely healthy and a welcomed break for the peasants living on fixed income or on savings. They will actually see their real income/savings increase due to the cessation of inflation. There is also a lesser likelihood of another GST hike.

The people who will suffer are those basking in the current golden period. They may turn brown getting their fingers burnt.

I welcome a prolong recession for personal reasons. I think Singapore will be less crowded and expensive.

I was travelling along the roads of AYE to CTE this afternoon after visiting a friend's relative funeral wake. Notice that there were rows and rows of uncompleted condo's along the AYE, similarly on the CTE, there was huge blocks of uncompleted condo's along the Newton areas too. If the recession moves in, or already in, was wondering what would happened to those condo's or those people that have committed during the Golden period. Doesn't looks good to me moving forward.

 

[eeoror88]

I was travelling along the roads of AYE to CTE this afternoon after visiting a friend's relative funeral wake. Notice that there were rows and rows of uncompleted condo's along the AYE, similarly on the CTE, there was huge blocks of uncompleted condo's along the Newton areas too. If the recession moves in, or already in, was wondering what would happened to those condo's or those people that have committed during the Golden period. Doesn't looks good to me moving forward.

This is called "play by the sword and also prepare to die by the sword !!"

Basic investment logic: Big risk big gain.

 

[lifeafter41]

This is called "play by the sword and also prepare to die by the sword !!"

Basic investment logic: Big risk big gain.

Do you think the MAS will do a bailout? Like in the US.

 

[eeoror88]

Do you think the MAS will do a bailout? Like in the US.

Logically no.

The reason: When investment make money, all celebrate, clap hands, throw party and when investment sours, cry father, cry mother, blame the cows, neighbours, society and gahmen.

As I said earlier: Big risk = big gain . if the other way round ....

 

[Naka_Timo]

Yes, i feel it, is juz tat the govenment mention mention is out, actually there is still a lot out of job n hard to get a job.

 

[eeoror88]

Yes, i feel it, is juz tat the govenment mention mention is out, actually there is still a lot out of job n hard to get a job.

WTF you mumbling?? You don't make sense. You on drugs or are you a Chinese Hekicopter??

 

[ninjakiller]

there has already been two consecutive quarters of shrinking growth. singapore is definitely facing a recession. maybe this will deter more foreigners from coming here to look for jobs...

 

[Nomad]

what we are feeling now,is just the small ripples.
the big waves will hit us,most probably next year.

 

[DIVISION1]

The government of Singapore has already come out saying through the public media that technical recession has occured. Technical recession does not necessary imply all out recession.