Recession may last up to 5 years
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This is one of the recessions that are similar to the The Great Depression of the 1930s. do u seriously think 2-3 years will recover?. The Asian financial crisis took more than 5 years.
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Singapore is not that affected yet. Just look @ restaurants queues on weekends.
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In school, we also like recess time, but it is only half an hour, same goes to working life, the most 1 hr recess for lunch time.
Wha!!! now got 5 years of recess,,very good hor
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Originally posted by maxtor:
Singapore is not that affected yet. Just look @ restaurants queues on weekends.
well, got discount mah, recession also bring in discount prices, at the moment, those who had cash in hands will be laughing all the way...and bet most singaporean still gone cash in hand, as for other countries, especially the western, they had all overspent, now in debt, how to spent...so for singaporeans, eat eat n eats.... -
Originally posted by angel7030:
In school, we also like recess time, but it is only half an hour, same goes to working life, the most 1 hr recess for lunch time.
Wha!!! now got 5 years of recess,,very good hor
5 years of eating n resting will make u a FAT WOMAN -
angel7030 STFU and go back to your gaylang. thank you
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i dun think it will last that long
i think by end of the year shuld recover
in fact some of my customer already start to pickup abit already
If it last for 5 years, i think everyday also got pple commit sucide
and it not 1 pple, maybe everyday got 1 whole family jump down together
haha
5 year if jobless how... lol
5 month cannot tahan already dun say 5 year
lol
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i hope AIG fall . Top executives is starting to quit. No money No talk .
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Originally posted by bcloud23b:
i hope AIG fall . Top executives is starting to quit. No money No talk .
AIG failing wouldn't hurt the top executives much, considering the money they've already been getting they can still live comfortably to ride out the tide and take their time to find another top executive job.
It would however, hurt the pension funds that has invested in AIG. That would in turn hurt the pension holders who have invested their equivalent of the CPF into AIG. They would probably be the real victims if AIG falls.
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Originally posted by angel7030:
In school, we also like recess time, but it is only half an hour, same goes to working life, the most 1 hr recess for lunch time.
Wha!!! now got 5 years of recess,,very good hor
STFU and go back to geylang
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Originally posted by angel7030:
In school, we also like recess time, but it is only half an hour, same goes to working life, the most 1 hr recess for lunch time.
Wha!!! now got 5 years of recess,,very good hor
STFU and go back to geylang
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Well, i am in geyland posting mah...WTF, u all dunno meh??
Room $6 half hour...no soap
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Originally posted by angel7030:
Well, i am in geyland posting mah...WTF, u all dunno meh??
Room $6 half hour...no soap
no thanks. u can give to those unkers.
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Originally posted by bcloud23b:
i hope AIG fall . Top executives is starting to quit. No money No talk .
after bailing out them so much, u think US govt is goin to let it fail...so what if top executives quitting, that will be better than paying them billions of retrenchment benefits. This old crook executives should long long resign liao, the govt is just setting up the pressure on them to resign themselves.Just call a few Indian's top loyal financial executives can anytime overtake them, and also, on US executive paid is equivalent to 20 indian executives paid..so better still, get the ah nehs in, give them a house, PR status, America hot bimbo hot hot gals and voila!!!
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dumb
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and dumber
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in fact this crisis is already coming to its 2nd year. if 5 year, it probably means 2012 which is on the conservative side.
for those who think it will recover by end of this year, i gurantee you, it wont happen. i am in the semicon industry and it show no sign of bottoming out. sluggish demand expected to 2010minimum.
tourism nos are continuing to decline on a yoy basis.
If manufacturing and tourism are not bottoming out or show even slightess sign of recovery, why would you think we can recover by end of this year?
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great news.
means after i came out of NS the price of car will drop like
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childish opinion. bei tahan!!
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Originally posted by ct17:
i dun think it will last that long
i think by end of the year shuld recover
in fact some of my customer already start to pickup abit already
If it last for 5 years, i think everyday also got pple commit sucide
and it not 1 pple, maybe everyday got 1 whole family jump down together
haha
5 year if jobless how... lol
5 month cannot tahan already dun say 5 year
lol
Dream on.
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George Soros, the man who broke the Bank, sees a global meltdown
http://www.timesonline.co.uk/tol/news/uk/article5989163.ece
For those who still believe we are ending the crisis, can probably listen to wat george soros has to say.
moreover the toxic asset buyback plan by Tim G. will not start probably until sept/Oct 2009. until then there remains the many basic fundamentals question.
1. jobless rate in america.
2. stabilise of house prices.
3. stimulus plan of world economy.
we arent seeing any of those taking effect. so predicting end of this year is just wishful thinking.
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Any idea on the proposed toxic asset buyback scheme?
I am sceptical of it.... -
Originally posted by Stevenson101:
AIG failing wouldn't hurt the top executives much, considering the money they've already been getting they can still live comfortably to ride out the tide and take their time to find another top executive job.
It would however, hurt the pension funds that has invested in AIG. That would in turn hurt the pension holders who have invested their equivalent of the CPF into AIG. They would probably be the real victims if AIG falls.
Ya lo .. such a unfair world. I even wrote a hate mail to AIG and cancel a policy ... ha ... pretty childish but still shiok ...Its the same for banks, their bonus got cut but they are raising their base salaries ... In essence they are still the one reaping the benefits. I wonder if anyone put a website on the list of bankers (scums). If the govt is not bailing them out , its them who will be fired so its only human nature to not recipocate a good gesture when money is at stake. Well ... I guess for me I can only withdraw all my money when time is up from Citigroup then . Of cos I hope that the average americans can do something to these scums then.
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Originally posted by youyayu:
great news.
means after i came out of NS the price of car will drop like
The COE is a flawed concept. It was meant to control the purchase of cars and traffic congestion bu tjust falls flat in times like this. There will be more cars on the roads now and the original purpose of COE is to curb them right?. What happends now?
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toxic asset buyback scheme will start in about 6mths time.
but question remain
1. whether the 1trillion plan by treasury is enough. it is estimated toxic asset could be few trillion.
2. what is fair value?
3. will bank want to sell at market price?