Dearjoshua Neutral Newbie June 18, 2009 Share June 18, 2009 With unemployment at a record high and the economy going from bad to worse, Joe Biden was forced to admit the obvious on Meet the Press on Sunday. "Everyone guessed wrong," he said about the impact of the administration ↡ Advertisement Link to post Share on other sites More sharing options...
Drive_carcar Clutched June 18, 2009 Share June 18, 2009 This kind of naysaying will never disappear. Please state your source. Here's what I have from Bloomberg... Link to post Share on other sites More sharing options...
Klinz Neutral Newbie June 19, 2009 Share June 19, 2009 This kind of naysaying will never disappear. Please state your source. Here's what I have from Bloomberg... Link to post Share on other sites More sharing options...
GoodCar 4th Gear June 19, 2009 Share June 19, 2009 That's true each time there's always 2 schools of thoughts...However, this time I believe the economic is still far from recovery...As the TS article has shown it's madness to believe that you can always borrow more $$ to fill the gap of the $$ being wiped out....a simple example is you borrow from Ah long A to pay AH Long B the previous debt you owned...The end result....either you find ways to put Ah long behind bars or you go jump down building as there's no way you can repay that sum of $$$$ In US case, the extreme measure would be war (like Bush admin hide a problem by creating a bigger problem)...Then can claim from the world biggest Ah Long - IMF.... Food for though..... Link to post Share on other sites More sharing options...
Stary Supercharged June 19, 2009 Share June 19, 2009 Whatever it is, a deeper recession is on the cards early 2010. By meanwhile, enjoy your job, your bonus, your perks, and maybe make a quick buck or two in the stock market which will boom till end of this year. If wanna sell property, do so before end of this year and be quick. After that, seat tight, and beginning 2010, we will have a hard ride for the next 1-2 years. Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 19, 2009 Share June 19, 2009 After all that talk, i only believe in one thing. like when we play marbles 25 - 30 yrs ago. "no sound no counted" so "Put your money where your mouth is" otherwise, it's simply words words and more words.......blah blah blah......cheap. Link to post Share on other sites More sharing options...
Guest Julio369 Neutral Newbie June 19, 2009 Share June 19, 2009 btw, those enbloc propertys, most construction will be completed by then yeah, 2010 and 2011???? by then, private really over supply, over priced, rental drops, owner lost big money?? any comment? unless e 2 IR pull us out. Link to post Share on other sites More sharing options...
Leo72 6th Gear June 19, 2009 Share June 19, 2009 This kind of naysaying will never disappear. Please state your source. Here's what I have from Bloomberg... Link to post Share on other sites More sharing options...
Wind30 Turbocharged June 19, 2009 Share June 19, 2009 After all that talk, i only believe in one thing. like when we play marbles 25 - 30 yrs ago. "no sound no counted" so "Put your money where your mouth is" otherwise, it's simply words words and more words.......blah blah blah......cheap. ?????? isn't this what the forum is for??? people come here to talk only what. What u want??? document proof??? else cannot say anything? Link to post Share on other sites More sharing options...
Klinz Neutral Newbie June 19, 2009 Share June 19, 2009 btw, those enbloc propertys, most construction will be completed by then yeah, 2010 and 2011???? by then, private really over supply, over priced, rental drops, owner lost big money?? any comment? unless e 2 IR pull us out. Private property sure will cool down...if those jump in in 2007 and early 2008, sure kenna burnt... But you expect 2 IR to pull us out....you must be kidding....It's a gamble by our government from the very beginning... Once complete, they still need to lose few millions of $$$ before they can start earning....Hopefully they can dong, else.....Genting not so worried as manage to find some backing recently...Sand??? Not to forget our 3 banks are heavily involved...if one of them default the debts.....siao liao....Singapore version of US subprime.... Link to post Share on other sites More sharing options...
Chongster 6th Gear June 19, 2009 Share June 19, 2009 playing devil's advocate... so what if we are in the middle of a deep recession? what does it really mean for most of us if we don't lose our jobs? as lau goh said, 5% unemployed means 95% still employed... japan was in a recession for 10 years or more. you go japan it still feel thriving, life still goes on. so long as we don't ended up in a depression with systemic failures of banks or hyperinflation zimbawee style, and in a micro level, so long as we dont lose our job, does it really matter? i survive 97 asian financial crisis, 911 crash, dotcom bust, SARS, and so far the 08 crash, stll alive what. as for property market, there's still immigration (still growing rapidly) and upgraders to support it. and also lots of money on the sideline, as people who missed out on the bull run are now trying to get in. bank loans are NOT that difficult to get and they are damn cheap. yes, property prices have increased, but monthly repayment have not increased so substantially because of low interest. and week in week out all my colleagues are still talking about buying property, esp. if they start to dip. if that's the case, how is it going to drop? Link to post Share on other sites More sharing options...
Wishcumstrue 6th Gear June 19, 2009 Share June 19, 2009 A spiritual maxim says: Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 19, 2009 Share June 19, 2009 ?????? isn't this what the forum is for??? people come here to talk only what. What u want??? document proof??? else cannot say anything? seems like you totally misunderstand. but anyway, you say your piece , I say mine. who's stopping who? plse continue.. Link to post Share on other sites More sharing options...
Doosan 1st Gear June 19, 2009 Share June 19, 2009 late last year read an article fr popular I-ching master fr HK, who described worse economic scenarior in 2O1O in the form of I-ching which i cud not understsand. with the current overall developments internationally , it seems not bad to bet small amnt of $$$ in 4D, to see 2O1O cud help little in easing $$$ pressure. Link to post Share on other sites More sharing options...
Chongster 6th Gear June 19, 2009 Share June 19, 2009 this recession is interesting in that the fall in economic activity is accompanied with there being lots of money out there. there is so much money slushing around from the previous years of excess, and from govt printing so much of it ard the world. banks are full of money, the system is full of money, the only question is whether you can access it. and for those who can access it, they are all shock how cheap and abundant money is. so before you know it, you have a property rally and a stock market rally in the midst of a recession. i agree with angela merka; there is or should be a big fear of inflation of the worst kind - money supply inflation not linked to economic growth. this can lead to all kinds of asset bubbles (already happening) while the economy remains deflated (ie stagflation). and for those who cant access that money supply (in most cases the poor etc) things will get really heated. and in a place like singapore which is trying to attract rich people and wealth to be parked here, this inflation will be especially exacerbated (because u pull in even more money without any real economic activity underpinning it) Link to post Share on other sites More sharing options...
Dfx16 6th Gear June 19, 2009 Share June 19, 2009 I'm on oversea assign in China Guangdong for the past 2 mths To my understand China richest province hitted real bad this round too 70 000 factories/businesses shutted down within 6 mtns Even Wal-Mart appointed factories living in fear Met a senoir native manager in Beijing He told me he had been working from 9am to 2am 7 days a week without off days for mtns He consider himself blessed as many or his peers lost jobs China indirectly hitted bad from US and Europe for being the world factories and they depend so much its export Link to post Share on other sites More sharing options...
Antirobo Neutral Newbie June 19, 2009 Share June 19, 2009 This kind of naysaying will never disappear. Please state your source. Here's what I have from Bloomberg... Link to post Share on other sites More sharing options...
Freestylers09 5th Gear June 19, 2009 Share June 19, 2009 i ching v zhun one..dont play play... in my own view..i think worst will start v mild at next quarter(sep on wards)..when mid of 2010.i think its the time... ↡ Advertisement Link to post Share on other sites More sharing options...
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