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UBS flags rapid rise of S'pore household debt


Enye
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Turbocharged

I don't really trust UBS report..... [cool]

Is it the norm to calculate debt vs 3 mths of GDP or 6mth or 12 mths GDP?

 

Each option will result in different headline figure but the most spectacular headline will be using 3 mth GDP.

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http://www.channelnewsasia.com/mobile/singapore/estimates-committee/1619278.html?cid=fbsg

 

Is it me or did anyone noticed that the word "monitor" seems to be a popular word to be used by government and authorities ? This news article is one example, they have stastic that household debt is not improving. Its not the 1st time they use the word monitor on the household debt. Do the government want to mointor till it goes out of control or go in situation where the problem is too big then start to do something drastic about it? Remember to make policy changes it takes time, need to debate in Parliament, draft bills, etc. turnaround time is at least 6 months. Do they think they have enough time to reverse the situiation when it goes out of control? I rather they start early implement drasic measures to reverse the situation now, rising consumer debt is not new and its been propping up in the news for many years and is getting worst. Not now then when? Wait till its too late to do something about it?

Edited by Yewheng
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http://www.channelnewsasia.com/mobile/singapore/estimates-committee/1619278.html?cid=fbsg

 

Is it me or did anyone noticed that the word "monitor" seems to be a popular word to be used by government and authorities ? This news article is one example, they have stastic that household debt is not improving. Its not the 1st time they use the word monitor on the household debt. Do the government want to mointor till it goes out of control or go in situation where the problem is too big then start to do something drastic about it? Remember to make policy changes it takes time, need to debate in Parliament, draft bills, etc. turnaround time is at least 6 months. Do they think they have enough time to reverse the situiation when it goes out of control? I rather they start early implement drasic measures to reverse the situation now, rising consumer debt is not new and its been propping up in the news for many years and is getting worst. Not now then when? Wait till its too late to do something about it?

 

"Monitor" gives you the impression that someone is doing something.

But he is not.

 

When all hell break loose, he wakes up and then he says he was monitoring but he can't control the situation.

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"Monitor" gives you the impression that someone is doing something.

But he is not.

 

When all hell break loose, he wakes up and then he says he was monitoring but he can't control the situation.

hahaha do u mean "wayang"? [laugh]

 

anyw they only 1-2 terms.....after tat, go on to bigger things loh.

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top down approach ... even the ground activity has adopted the "monitor" syndrome

 

when you drive on the road ... if you see any road works or contruction ... 1 person do + 3 person monitor ...

Edited by Wt_know
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Monitor means kwa heei (see show) as like computer monitor can kwa blue heei too.

 

Honestly, besides 'monitor', I doubt there's better way for them to reply, not when we are all inside the square box. Thought it's a SOP cookie cutter response be it from public or private establishments.

 

I never see response like "We have taken action already".

 

 

 

 

Edited by Kangadrool
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Monitor means kwa heei (see show) as like computer monitor can kwa blue heei too.

 

 

 

when i was NS boy, i saw my clerk monitoring the monitor. She was staring at a monitor that is not even switched on! Looking like she was working

 

at the moment, i was enlightened

 

by what it means to wayang. SAF has taught me a lot

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when i was NS boy, i saw my clerk monitoring the monitor. She was staring at a monitor that is not even switched on! Looking like she was working

 

at the moment, i was enlightened

 

by what it means to wayang. SAF has taught me a lot

 

acting busy is actually harder than actual working u know.. lol

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acting busy is actually harder than actual working u know.. lol

 

i see

 

no wonder my clerk is always yawning away

 

must be too tired trying to imagine seeing things on the monitor

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hahaha do u mean "wayang"? [laugh]

 

anyw they only 1-2 terms.....after tat, go on to bigger things loh.

 

actively monitoring = actively sleeping

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when i was NS boy, i saw my clerk monitoring the monitor. She was staring at a monitor that is not even switched on! Looking like she was working

 

at the moment, i was enlightened

 

by what it means to wayang. SAF has taught me a lot

 

NS taught us guys a lot of things, so even in two short years, we grow by more than that, if we paid attention.. =D

 

Haha... But the best lesson is still "do and don't get caught"....

 

acting busy is actually harder than actual working u know.. lol

 

Yeah, agreed 100%... But work too hard will get more work, so act busy is for long term gains...

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anyway, back to the "monitor" thingy

govt is always slow in action la

just look at how property price skyrocketed and coe and hdb flats and transportation

if govt is chop chop lolipop react ... that's called 20/20 hindsight liao

Edited by Wt_know
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http://www.channelnewsasia.com/mobile/singapore/estimates-committee/1619278.html?cid=fbsg

 

Is it me or did anyone noticed that the word "monitor" seems to be a popular word to be used by government and authorities ? This news article is one example, they have stastic that household debt is not improving. Its not the 1st time they use the word monitor on the household debt. Do the government want to mointor till it goes out of control or go in situation where the problem is too big then start to do something drastic about it? Remember to make policy changes it takes time, need to debate in Parliament, draft bills, etc. turnaround time is at least 6 months. Do they think they have enough time to reverse the situiation when it goes out of control? I rather they start early implement drasic measures to reverse the situation now, rising consumer debt is not new and its been propping up in the news for many years and is getting worst. Not now then when? Wait till its too late to do something about it?

Monitor means eye power. It is preferred over "supervise" because supervise entails some work, which may increase productivity, which is an absolute no-no if you don't want to be accused of spoiling market.

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