Why Singapore's recovery will take at least 3 years
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1) Because we have an "extra-ordinary" gahmen
2) Because they are trying to figure out which department owns the responsibility
3) Because that's when Citigroup, UBS and Merrill Lynch will become profitable again
4) Because that's when MM's "extra-talented" grandson will return from his studies
5) Because Elections is coming so people must vote PAP for another 5 years
6) Because Casino will be operational by then ...
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worst case of recovery 5-6 years leh.
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3 years will be fast. other than china, i think all other countries aiming for 3 years. some more ambitious one will aim for 1 or 2 years, but see what happens...
usualy aim for more, so if recover faster, look more seh, recover later, not too bad..
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Can recover ok liao, i thot forever cannot recover, then me pub very cham liao....last time can chop ang mo, now ang mo also no come liao...local cannot chop
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worst is still not here yet.
bottom is at 2011,
will only climb up after 2011
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wah laus, then me so young have to suffer again!
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i hope the economy in singapore never recover.. because what ever we have is growing too fast.. need slow down now..
all the citizen are suffering (excluding the rich)
a hdb going to cost around 1million if the economy become even better
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i m not sure the real impact of chaos has reach us yet
wat i see is only the small waves and we r already in shit, the tidal waves are yet to come
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Originally posted by brainerror:
wah laus, then me so young have to suffer again!
it is good to suffer young, then enjoy later. At least you gain experiences. -
Originally posted by angel7030:
it is good to suffer young, then enjoy later. At least you gain experiences.
many youngmen dun learn from their mistakes. i m 1 -
anyone who dares to predict the time of recovery is very brave.
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mre america bank yet to follow after what AIG has done,
follow next america retail market will down soon
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If economy bad, we all suffer.
If economy good, does not seems that our pay increase.
So, economy good or not good, still at our disadvantages.
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Originally posted by angel7030:
it is good to suffer young, then enjoy later. At least you gain experiences.but u can't enjoy much when u are old, most is play chinese chess =.=
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Originally posted by Hawk Eye:
If economy bad, we all suffer.
If economy good, does not seems that our pay increase.
So, economy good or not good, still at our disadvantages.
and those fucking PM still taking million of our money
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Originally posted by angel7030:
it is good to suffer young, then enjoy later. At least you gain experiences.
whats the use of gaining too much experience? -
Originally posted by lionnoisy:
anyone who dares to predict the time of recovery is very brave.
What is the indicator that people are looking at to say recovery is here ?Exports / housing sale / GDP growth ?
Countries / Region ?
All these statistics comes at different timing. By the the time all these statistic is green, its actually just a reconfirmation which means once again its on highnsight.
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in the worse case scenerio, even if the economy recover it will be dogged by protectionism. In that case, singapore will even take longer time to recover. singapore thrive on globalisation, protectionsim will hurt singapore.
Our financial sector will probably need 5yr or decades to recover. So those days where lotsa expats pump up rental and private property prices days are probably gone forever.
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if we can lose 100b literality overnight which took us decades to accumulate
do u think we can recover in 2 ~ 5 years wen money is even more difficult to make?
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Originally posted by zaxis:
worst is still not here yet.
bottom is at 2011,
will only climb up after 2011
I believe we will see the economy recovering well and on the uptrend about mid 2010
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normally i buy assets during times of downturn, they could be cheaper.
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"If the Prime Minister say so, then it must be so." ~ Chiam See Tong
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Originally posted by eagle:
I believe we will see the economy recovering well and on the uptrend about mid 2010
I vote for you. I believe people are tired of bad news. A few good news will start lifting things up and give people the optimism they need. Shares will recover faster even though the actual figures from businesses may not be as good as expected, people will not care about about those figures as much then. -
Originally posted by eagle:
I believe we will see the economy recovering well and on the uptrend about mid 2010
Originally posted by Worldlybusinessman:normally i buy assets during times of downturn, they could be cheaper.
will be buying cheap or cheaper till 2011 -
Because Singapore is an export oriented country. With the global economic crisis surfaces and particularly in America where the Americans hesistant to spend on consumer products, no doubt that the world economic would remain stagnant for a period of time until the American’s banks resume their lending policies.
Alternatively, the chinese people in Mainland China should be encourage to spend to stimulate the economic domestically and if possible to spend on foreign goods which offer value for money and quality products.