Peqasus 1st Gear February 16, 2009 Share February 16, 2009 (edited) Wah...indeed, Singapore is recession proof despite wat economic data indicates. Channel News Asia Edited February 16, 2009 by Peqasus ↡ Advertisement Link to post Share on other sites More sharing options...
Stary Supercharged February 16, 2009 Share February 16, 2009 Wah...indeed, Singapore is recession proof despite wat economic data indicates. Channel News Asia This is not surprising. As a develop country, we are all moving towards the US route. People buy much more than they can actually afford and mostly on credit. Link to post Share on other sites More sharing options...
Tkseah Supercharged February 16, 2009 Share February 16, 2009 slightly OT.. is it advisable to go Bangkok for holiday next month? Link to post Share on other sites More sharing options...
Genie47 1st Gear February 16, 2009 Share February 16, 2009 NO. Still unstable with the kotex PAD and what have you there. Link to post Share on other sites More sharing options...
Genie47 1st Gear February 16, 2009 Share February 16, 2009 On second thought, it might be OK since they have made it illegal to block the airport with demonstrations. So you can go, the risk is lower and most importantly, your flight will back is guaranteed. Link to post Share on other sites More sharing options...
Peqasus 1st Gear February 16, 2009 Author Share February 16, 2009 It is true the only equation out of recession is through consumption. focus is shifting to the big savers and oil countries of yesteryrs to drive spending. ironically, it's the govt that should be spending by expediting more projects. in all cases, with the travel packages snap up, we can be sure at least in the near term, travel agents side wont contribute to unemployment. on spending on credit. see if any data on bankrupcies or refunds pile up. believe many are 1 paycheck away from financial meltdown. Link to post Share on other sites More sharing options...
Dwoon 1st Gear February 16, 2009 Share February 16, 2009 Wah.... I think you give singaporeans less credit than they deserve leh. I think many are well prepared for this recession (with savings that'll allow them to tide over months, if not years of unemployment) , just that they still KPKB ........ I don't think these bargain hunters are the "hand to mouth" group. Link to post Share on other sites More sharing options...
Davidklt 6th Gear February 16, 2009 Share February 16, 2009 If there is something cheap..they would cough out the money one way or the other. Link to post Share on other sites More sharing options...
Babyt 4th Gear February 16, 2009 Share February 16, 2009 you no money doesnt everyone no money. those who have cash is king coz they can spend on discounted items. Link to post Share on other sites More sharing options...
Friendstar Supercharged February 16, 2009 Share February 16, 2009 On second thought, it might be OK since they have made it illegal to block the airport with demonstrations. So you can go, the risk is lower and most importantly, your flight will back is guaranteed. so the risk of blocking roads to the airport is higher. ===> the risk of missing ur flight higher ===> the possibility of getting ur air ticket refunded is much lower or impossible Link to post Share on other sites More sharing options...
Silver_blade Turbocharged February 16, 2009 Share February 16, 2009 ....I don't think these bargain hunters are the "hand to mouth" group. I think so too..at least most should be able to afford such 'luxury'. Link to post Share on other sites More sharing options...
Shull Turbocharged February 16, 2009 Share February 16, 2009 Wah.... I think you give singaporeans less credit than they deserve leh. I think many are well prepared for this recession (with savings that'll allow them to tide over months, if not years of unemployment) , just that they still KPKB ........ I don't think these bargain hunters are the "hand to mouth" group. Singaporeans are still asians..and being asians, we're kiasu and kiasi..so i think most would have some form of savings to tide over the difficult times.. Link to post Share on other sites More sharing options...
Friendstar Supercharged February 16, 2009 Share February 16, 2009 (edited) Wah...indeed, Singapore is recession proof despite wat economic data indicates. Channel News Asia the thing i don't get it is... why mcf forumers always feel that singaporeans are not capable of buying condos/travel packages/cars during this period? i reckon those group have lots of savings + in recession proof jobs like SAF/Teaching/Medicine/Police Force. they'r the ones who'll come out to "kio sai" Edited February 16, 2009 by Friendstar Link to post Share on other sites More sharing options...
Hiphiphoray 6th Gear February 16, 2009 Share February 16, 2009 It is true the only equation out of recession is through consumption. focus is shifting to the big savers and oil countries of yesteryrs to drive spending. ironically, it's the govt that should be spending by expediting more projects. in all cases, with the travel packages snap up, we can be sure at least in the near term, travel agents side wont contribute to unemployment. on spending on credit. see if any data on bankrupcies or refunds pile up. believe many are 1 paycheck away from financial meltdown. Not everybody is spending on credit. In fact, penty of ppl i know have tons of cash, duno how to spend. Why ? JUST DONT HAVE KIDS OR STAY SINGLE LOR. My office got penty of these ppl. 1 year go for overseas holiday at least once a year. And its not going to the nearby bangkok, bali hor. Its STANDARD 2-3 weeks for comprehensive tour of turkey, alaska, nz, switzerland, south africa....blah blah blah. Link to post Share on other sites More sharing options...
Peqasus 1st Gear February 16, 2009 Author Share February 16, 2009 yea, sporeans' fave pastime, complain :) tat aside, not here to make sweeping statements bout sporeans' financial literacy. jus tat when such a headline comes out, wat is it set to achieve in this economic climate? Jus a pt of information? or convince ppl there are ppl who still spend? convince ppl recession not as bad? well at least, the low COE is no longer sensational news. Link to post Share on other sites More sharing options...
Peqasus 1st Gear February 16, 2009 Author Share February 16, 2009 (edited) tat's y hv to see the statistics on bankruptcies ma Edited February 16, 2009 by Peqasus Link to post Share on other sites More sharing options...
Falc 3rd Gear February 16, 2009 Share February 16, 2009 I think i see many green eyes here. Link to post Share on other sites More sharing options...
Sony 1st Gear February 16, 2009 Share February 16, 2009 slightly OT.. is it advisable to go Bangkok for holiday next month? why not? but get some travel insurance.. ↡ Advertisement Link to post Share on other sites More sharing options...
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