Sign of economy downturn

[Yuan]

I think you need to get your facts right 1st. Singapore property price did drop and that's during 1997 period and also year 2008 period. Did Singapore collapsed? So your thinking is property price will rise forever, which will not be the case as when price keep rising and when it reach to an unsustainable level or when there is a recession, price will drop.

 

Printing $ will not solve the problem, in fact it make things worst as it creates inflation, and only the rich and the super rich benefit the most. With average out to as a whole, many people will end up facing more difficulties of rising cost of living and end up quality of life will drop.

 

I actually disagree with him about the "printing $" part of his comments but I din want to burst his bubble and you were faster than me with your comments. So I make my say now.

 

Printing $$ does not just create inflation but erodes the value of the dollar.

[Ivan_06]

I actually disagree with him about the "printing $" part of his comments but I din want to burst his bubble and you were faster than me with your comments. So I make my say now.

 

Printing $$ does not just create inflation but erodes the value of the dollar.

 

everyone seems to forget about banana notes...

[Lufu]

any company out there start force leave? or cut OT? or retrenchment?

i am from semincon industry

heard that fab start to force leave from next month onward...warm shutdown...

 

 

my Co. foreign bank, already started chopping people in quite large number

 

local Bank should see this in the next few months, then the rest of the industry.

 

Banks usually start the ball rolling

[SimonTan]

Next year this time....it will still be business as usual. The world economy will still function alone well and high.

 

The world is so protected...it's too big to fail.

 

If technical recession does come...it will purely be academic definition....the social status quo will still be endurable.

No extreme hardship will happen in Singapore.

 

 

[5936]

revenue went down.

Cost is still climbing.

[Mecontle]

still must go buy my fav bean curd with doughstick , still hv my car to sell even if day job gone

[Rickster]

I'm from the business process outsourcing industry. Signs are already there, most of our clients are large foreign banks and right now, most of them are already doing massive cost cutting like never before.

[Good-Carbuyer]

any company out there start force leave? or cut OT? or retrenchment?

i am from semincon industry

heard that fab start to force leave from next month onward...warm shutdown...

I believe ther sources are: bankruptcy notices, businesses put up for sale, CPF Board furnishing ah long with more business...

[Sabbie]

Yeah, this is why I am keeping 373K as cash....today going uob to put fd....

[Raymondism]

I'm from the business process outsourcing industry. Signs are already there, most of our clients are large foreign banks and right now, most of them are already doing massive cost cutting like never before.

 

wow.. wat kind of bpo u guys do?

 

[Razgriz]

Next year this time....it will still be business as usual. The world economy will still function alone well and high.

 

The world is so protected...it's too big to fail.

 

If technical recession does come...it will purely be academic definition....the social status quo will still be endurable.

No extreme hardship will happen in Singapore.

 

With all due respect.. you leaving in cave? signs are around already

[Sabbie]

With all due respect.. you leaving in cave? signs are around already

 

I suspect he is a property agent, trying to prop up the market.....

[Good-Carbuyer]

Yeah, this is why I am keeping 373K as cash....today going uob to put fd....

If you are kidding with us. This is ticklish. Did I get it right? Going to UOB to put fd = fixed deposit? You are good at jokes Salute.

[Cook1234]

y uob?

 

ocbc got this premier dividend plus account which has 100% sum protected, no lock in period and pays 0.8% pa.

 

funds can withdraw anytime.

 

I just opened one last week.

 

but cash above 250k, they may ask u about where u get the money.

 

interests should pay for my monthly petrol expenses.

[Cook1234]

if dun put in bank, then put where? buy ppty or stocks...now?

[Sabbie]

If you are kidding with us. This is ticklish. Did I get it right? Going to UOB to put fd = fixed deposit? You are good at jokes Salute.

 

why funny? cannot put FD?

[Sabbie]

y uob?

 

ocbc got this premier dividend plus account which has 100% sum protected, no lock in period and pays 0.8% pa.

 

funds can withdraw anytime.

 

I just opened one last week.

 

but cash above 250k, they may ask u about where u get the money.

 

interests should pay for my monthly petrol expenses.

 

they got 13 mths at 0.8xx and 18 mths at 0.928 i think....just keep some spare cash there since I also no need to use the money...uob also got divident plus but their priority banking is mim 350K instead of ocbc 200K....as you know I not as rich as you and barely qualify...besides I trust myself to manage my money rather than banks...

[Funner]

Yeah, this is why I am keeping 373K as cash....today going uob to put fd....

how did you managed to accumulate so much cash

jealous