Recession Over
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Originally posted by deepak.c:
Recession over but unemployment at 5% for residents.
I thought recession was related to unemployment?
the govt will tell you the effect of end of recession does not come so quickly.... -
Recession! What recession?
Even in the best of times, if you can't get a job, it is recession time.
In a recession, if you have a job, what's the big deal.
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end of recession after 2 quarters of positive growth?? OMG..dosn't this remind us of the time before the GST was raised to 7% where a recession was thought to be over??
seriously,if the GST is to go up again..theres gonna be another MAJOR backlash coming soon.
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Originally posted by deepak.c:
Recession over but unemployment at 5% for residents.
I thought recession was related to unemployment?
not necessary...back in 1990 - 92 unemployment was stretch for prolong period.
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Originally posted by Annilator47:
end of recession after 2 quarters of positive growth?? OMG..dosn't this remind us of the time before the GST was raised to 7% where a recession was thought to be over??
seriously,if the GST is to go up again..theres gonna be another MAJOR backlash coming soon.
Welcome to capitalism, the ideal scene of it is to go into a recession and when it recovered, increase tax and cost of living, till a stage of backlashing and we go into a recession again, and when recovered again, tax will increase and so son...that is how the system works ya. -
Originally posted by Arapahoe:
not necessary...back in 1990 - 92 unemployment was stretch for prolong period.
what about asian crisis, from July 1997 to 98? even in 99 it was difficult looking for work then.
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Originally posted by Arapahoe:
not necessary...back in 1990 - 92 unemployment was stretch for prolong period.
2% unemployement is consider full employment,so, we typical have a 3% employment net. as economy recover, alots of companies are restructing itself to be Cheaper, Better and Faster. Those that survived the recession would had redesigned their employment policies to be lean, effective and efficient. Therefore you will see a down in employement, due to restructuring of employment policies by Company's HR. New ways of working and technology can also create certain structure unemployment for some people, therefore it is important that one must be able to change with the market labour demand inorder to get employed. The changes can be upgrading, retraining, reskilling or other Professional education upgrading.
Finally, bearing in mind our aging workforce population, as more and more are retired or retrenched at old age during the last downturn, the figure can affect the unemployment rates. eg, you give 20months of paid to a 58yo old guy as retrenchment benefit, he will take it with delight, after that, he goes into early retirement, which mean that a potential employable person is not employed.
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I see where this is going.. soon the govt will step in to claim credit for this and establish further pay increment
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I see what's coming. Soon consumer confidence will rise, start wisely spending their money for what they think they deserved for the hard work and sacrifice for the past year, companies make more money, gives bigger bonuses and increment to staff who had loyally stuck with them on lower wages, and these employees become consumers, and so the cycle of boom blooms.
Boomz, man!!!
Without your help and your sacrifices, this breakthrough would not have been possible, despite attempts by some here to sow discord and dissatisfaction, which you largely ignored, and keep the nose to the grind.
Your efforts had shown, and the results evident. You had helped our society pull through the greatest trial of our times - recession on a global scale. Give yourself a pat on the back.
I am honoured and priviledged to have you beside me through this trial. Thanks a million!!!!
Now, let us together help the 5% unemployed citizens on our shores with recommendations for job openings, contribution, etc as well as the less priviledged amongst us, and help them rise with us.
Cheers!
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Originally posted by Rooney9:
what about asian crisis, from July 1997 to 98? even in 99 it was difficult looking for work then
yeah so you see if you are born in the 65s till 70s....tell me your career path...the early 90s , 97 asian financial crisis, than dotcom burst than 9-11 downfall. Now 2008 financial collaspe....
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2009 still see Singapore registering negative GDP growth by as much -2.5%. That's a lot.
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Originally posted by Miracles&Prophecies:
2009 still see Singapore registering negative GDP growth by as much -2.5%. That’s a lot.
With peoples still buying cars and properties, eating at posh restaurant, touring expensive places and shopping like no tomorrow,who care about GDP figure anymore, that is the govt statistic, and since most of you guys dun trust or even hate the govt, why bother to look at a state created statistic of GDP?? if they said GDP goes up to 8%, you also follow ar??? then you must be stupidest of them all. -
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In first place, where got recession, i dun even feel it.
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Originally posted by angel7030:
In first place, where got recession, i dun even feel it.
Does a "hum" ever feel anything - when its Life of irrelevance is to have half of its "hum" hanging out from its shell, and wait for its customers to bugger it at its Bar ?Is there any recession for a Taiwanese "hum" that thrives on bad times as much as it thrives on good times - when its services offered are "hums" - wine - and songs ?
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Originally posted by angel7030:
In first place, where got recession, i dun even feel it.
of course you don't feel it you're living below poverty line since 2002 -
When such positive news coming out, u know the market rally is coming to an end...
It's almost ripe... for a final upsurge before a few hundred points correction...
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Originally posted by Miracles&Prophecies:
of course you don't feel it you're living below poverty line since 2002
The fact that this recession hit those above the poverty line more than those below the poverty line, what is there to worry if you are below the poverty line, you cannot even invest, buy shares, bonds and stocks, it is the same for most of the poor here, beside, the poor should be better off as there are more grant and relieves from Govt catering to them only.eg, free tax, back to school vouchers, quarterly conservative charge for 3 rooms, NTUC discount vouchers, Transport vouchers...etc etc..i want also dun have.
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Originally posted by eagle:
When such positive news coming out, u know the market rally is coming to an end...
It's almost ripe... for a final upsurge before a few hundred points correction...
what almost ripe, me already sell liao,,,..still waiting for christmas ar??? -
Originally posted by angel7030:
The fact that this recession hit those above the poverty line more than those below the poverty line, what is there to worry if you are below the poverty line, you cannot even invest, buy shares, bonds and stocks, it is the same for most of the poor here, beside, the poor should be better off as there are more grant and relieves from Govt catering to them only.eg, free tax, back to school vouchers, quarterly conservative charge for 3 rooms, NTUC discount vouchers, Transport vouchers...etc etc..i want also dun have.
Has the Taiwanese "hum" seen any "more grant and relieves from Govt catering to hem" and actually reaching the poor and those "below the poverty line" - or is it making the statement from the propaganda that is spit into the tiny brain of its "hum" ?Is there "free tax" - "back to school vouchers" ?
What "quarterly conservative charges for 3 rooms" - is that for the conservative PAP supporters living in 3 rooms only ?
Is "NTUC discount vouchers" not given as a bonus or to be purchased as gifts - are these the same vouchers given to the poor and those "below the poverty line" - as if they can afford to shop ?
What "Transport vouchers" can a Taiwanese "hum" hope to get to bring itself back to Taiwan ?
Only the bankrupt mind of a Taiwanese "hum" will want to impose its filthy values and idiocy in this Speaker's Corner.
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Originally posted by angel7030:
what almost ripe, me already sell liao,,,..still waiting for christmas ar???You happy can liao :)
I don't see any point sharing anything here now because the last time I did so, nobody appreciated anyway.
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Originally posted by eagle:
You happy can liao :)
I don't see any point sharing anything here now because the last time I did so, nobody appreciated anyway.
Oh, no really, some secretly took your advices and strike jackpot out of it. I notice when guys talk about shares and stocks, they like to boost abit here and there, each seem to show no appreciate for each other strategies and of course, there are egos couple with prides in it too. But eventually and actually, each is taking of note each other advices secretly. -
Originally posted by Atobe:
Has the Taiwanese "hum" seen any "more grant and relieves from Govt catering to hem" and actually reaching the poor and those "below the poverty line" - or is it making the statement from the propaganda that is spit into the tiny brain of its "hum" ?Is there "free tax" - "back to school vouchers" ?
What "quarterly conservative charges for 3 rooms" - is that for the conservative PAP supporters living in 3 rooms only ?
Is "NTUC discount vouchers" not given as a bonus or to be purchased as gifts - are these the same vouchers given to the poor and those "below the poverty line" - as if they can afford to shop ?
What "Transport vouchers" can a Taiwanese "hum" hope to get to bring itself back to Taiwan ?
Only the bankrupt mind of a Taiwanese "hum" will want to impose its filthy values and idiocy in this Speaker's Corner.
You ah??I can imagine you as someone still sleeping in your crouches with spider webs surrounding the whole place with just a screen and key board laced with coffee and crockroach shits, too lazy to clean up the whole place and go out to see what is really happening in Singapore. Please Check it out on transport vouchers, back to school vouchers and conservative charges... -
Originally posted by angel7030:
You ah??I can imagine you as someone still sleeping in your crouches with spider webs surrounding the whole place with just a screen and key board laced with coffee and crockroach shits, too lazy to clean up the whole place and go out to see what is really happening in Singapore. Please Check it out on transport vouchers, back to school vouchers and conservative charges...For the peace of mind of the Taiwanese "hum" - it should learn to stick into the crouch of the "hum" and no one will know it exist.
Go back to Taiwan to get the "hum" entitlement to transport vouchers, back to school vouchers and "conservative charges"....