It's called a stagflation. But of course expect the propagandists to depict a rosy picture.
The propaganda is everywhere, even on electronic notice boards inside lifts.![]()
you are right. It's not a recession, it will be the biggest bull market in history.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.
exactly. dun need to bail out business owners liao. is the biggest bull market.you are right. It's not a recession, it will be the biggest bull market in history.
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.exactly. dun need to bail out business owners liao. is the biggest bull market.
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.heng swee kok was not the finance ministar in 2009 leh.
Singapore economy is DEAD !