Wt_know Hypersonic September 23, 2013 Share September 23, 2013 (edited) CBS - credit bureau singapore reports that sporean credit scores sibei tok kong debt level is also sibei good bo taichi ... huat ah!!! http://www.channelnewsasia.com/news/busine...ore/823398.html Edited September 23, 2013 by Wt_know ↡ Advertisement Link to post Share on other sites More sharing options...
Ruzmidah 2nd Gear September 23, 2013 Share September 23, 2013 CBS - credit bureau singapore reports that sporean credit scores sibei tok kong debt level is also sibei good bo taichi ... huat ah!!! http://www.channelnewsasia.com/news/busine...ore/823398.html Sometimes government controlled media must say the right things to inspire confidence. Whether its true or not, must do own homework... Ommmmmmmmmm Link to post Share on other sites More sharing options...
Yewheng Twincharged September 23, 2013 Share September 23, 2013 (edited) CBS - credit bureau singapore reports that sporean credit scores sibei tok kong debt level is also sibei good bo taichi ... huat ah!!! http://www.channelnewsasia.com/news/busine...ore/823398.html If you read carefully " This is despite the fact that as at March 2013, consumer debt in mortgages, credit card billings and study loans have increased compared to last year. Only car loans saw a drop in outstanding balances during the period under review. " So which means it still not healthy as all debt had increase except for car loans ( due to no choice, cannot take higher loan ) Unless it drop across whole board, it's not good news anyway. Edited September 23, 2013 by Yewheng Link to post Share on other sites More sharing options...
Duckduck Turbocharged September 23, 2013 Share September 23, 2013 Long term nobody knows. Short term im looking to short next wk given d right price actions well d chance to short US futures was earlier today. Id wait for pullback before adding more shorts. Not a good sign for US mkt to high all time highs then do a complete reversal back to pre FOMC last wk... usually a bullish breakout shld a all time high continuation Link to post Share on other sites More sharing options...
Wt_know Hypersonic September 24, 2013 Share September 24, 2013 (edited) what a day difference made ... conflicting message SINGAPORE: Credit Counselling Singapore (CCS) estimates that as many as 30,000 borrowers could be under distress, from tighter restrictions on credit card and unsecured lending. But based on data from Credit Bureau Singapore (CBS), the credit health of Singapore consumers has improved from a year ago. One possible explanation is that even as consumers borrow more, they have become more responsible in managing debt. CBS - credit bureau singapore reports that sporean credit scores sibei tok kong debt level is also sibei good bo taichi ... huat ah!!! http://www.channelnewsasia.com/news/busine...ore/823398.html Edited September 24, 2013 by Wt_know Link to post Share on other sites More sharing options...
Duckduck Turbocharged September 24, 2013 Share September 24, 2013 what a day difference made ... conflicting message SINGAPORE: Credit Counselling Singapore (CCS) estimates that as many as 30,000 borrowers could be under distress, from tighter restrictions on credit card and unsecured lending. But based on data from Credit Bureau Singapore (CBS), the credit health of Singapore consumers has improved from a year ago. One possible explanation is that even as consumers borrow more, they have become more responsible in managing debt. dun scare pple lah. let it fly up n explode, then we can pick up d aftermath for cheap :) for every winner, there is a loser. Link to post Share on other sites More sharing options...
Throttle2 Supersonic September 24, 2013 Share September 24, 2013 All crap news. Simple formula. ========== Cant pay credit card bills and need to rollover debt = distressed. Use one credit card to cover another = distressed No salary for one month will put you in debt = distressed Need to sell Rolex to fund for medical = distressed Forking out $20k in cash will break your bank = almost distressed Link to post Share on other sites More sharing options...
Duckduck Turbocharged September 24, 2013 Share September 24, 2013 When asked what kept him up at night, Dick Fuld, CEO of Lehman Brothers, said: "What I don't know." Link to post Share on other sites More sharing options...
ShepherdPie 5th Gear September 24, 2013 Share September 24, 2013 .... SG cannot afford to have too many ppl retiring young.. PLEASE stop building your wealth by leveraging on low interest rate. Link to post Share on other sites More sharing options...
Apvman 2nd Gear September 24, 2013 Share September 24, 2013 .... SG cannot afford to have too many ppl retiring young.. PLEASE stop building your wealth by leveraging on low interest rate. Just saw some news that the condo show rooms are full with interested buyers again... looks like need a real crash or hike of interest rates to see who have the deep pockets to last. Link to post Share on other sites More sharing options...
ShepherdPie 5th Gear September 24, 2013 Share September 24, 2013 (edited) Just saw some news that the condo show rooms are full with interested buyers again... looks like need a real crash or hike of interest rates to see who have the deep pockets to last. those ppl that are in the showroom now..are ppl with real cash lor.. 1st time buyer... probably CPF bao bao..crash also have $$ to dong. 2nd time buyer... got to put in so much SD and still can buy.... also dun need to worry abt them.. The world leaders already make their point that .. they will never let interest rate or anything to crash the mkt. So it will be fat hope that hike of interest rate will come soon. Edited September 24, 2013 by ShepherdPie Link to post Share on other sites More sharing options...
ShepherdPie 5th Gear September 24, 2013 Share September 24, 2013 the world is addicted to credit liao lah.. it will probably take a war to change that. Link to post Share on other sites More sharing options...
Throttle2 Supersonic September 24, 2013 Share September 24, 2013 All crap news. Simple formula. ========== Cant pay credit card bills and need to rollover debt = distressed. Use one credit card to cover another = distressed No salary for one month will put you in debt = distressed Need to sell Rolex to fund for medical = distressed Forking out $20k in cash will break your bank = distressed Link to post Share on other sites More sharing options...
Sunny Hypersonic September 24, 2013 Share September 24, 2013 All crap news. Simple formula. ========== Cant pay credit card bills and need to rollover debt = distressed. Use one credit card to cover another = distressed No salary for one month will put you in debt = distressed Need to sell Rolex to fund for medical = distressed Forking out $20k in cash will break your bank = distressed I forked out almost 100k for new car...very stressed Link to post Share on other sites More sharing options...
Apvman 2nd Gear September 24, 2013 Share September 24, 2013 those ppl that are in the showroom now..are ppl with real cash lor.. 1st time buyer... probably CPF bao bao..crash also have $$ to dong. 2nd time buyer... got to put in so much SD and still can buy.... also dun need to worry abt them.. The world leaders already make their point that .. they will never let interest rate or anything to crash the mkt. So it will be fat hope that hike of interest rate will come soon. Huat lor.... This weekend showroom packed again.. HAUT AR Link to post Share on other sites More sharing options...
Enye Hypersonic September 24, 2013 Share September 24, 2013 All crap news. Simple formula. ========== Cant pay credit card bills and need to rollover debt = distressed. Use one credit card to cover another = distressed No salary for one month will put you in debt = distressed Need to sell Rolex to fund for medical = distressed Forking out $20k in cash will break your bank = distressed if never check any of these boxes means can destress? Link to post Share on other sites More sharing options...
Staff69 Hypersonic September 24, 2013 Share September 24, 2013 How ....I have no monies. No car. No hdb yet I damn stress.....not very stress Link to post Share on other sites More sharing options...
Sunny Hypersonic September 24, 2013 Share September 24, 2013 How ....I have no monies. No car. No hdb yet I damn stress.....not very stress mai ke ke hor. you got PP, rolex, and many other brand watches ↡ Advertisement Link to post Share on other sites More sharing options...
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