Comments on: Double Dip Recession

By: solo

solo — Tue, 20 Apr 2010 08:11:57 +0000

Not sure about Singapore coz we are still in recession. However, I believed US will definetly head for a double-dip recession.

By: sunder sharma

sunder sharma — Sun, 07 Mar 2010 17:16:37 +0000

I am happy more bloggers are optimist here. For the next 2 years the economy will be a roller-coaster only. (on ASIA FOCUS)
Fearing on the raising inflation, if china pull back its credits from the market, that will definetely affect the asian market. But it is sure, china must do something to stop the present inflation there.
This is apart from the European Debt downfall.

By: Normal

Normal — Wed, 03 Mar 2010 07:23:38 +0000

And of course another inconvenient truth: http://www.bloomberg.com/apps/news?pid=20601109&sid=aUcUttdpFibE&pos=11

The party goes on.

By: Normal

Normal — Wed, 03 Mar 2010 07:03:52 +0000

World economy as a whole and by extension Singapore. You heard it here first but in 3 or 4 years time, unless space aliens land here on earth and they’d love to import our iPods, etc, most people in Singapore will either work for the government or hawker centers. Why? If you have any understanding at all of the U.S economy and the real numbers and by extension its effect on the world, the outcome can not be in doubt. Add in the surely mounting bad debt plus economic figures not adding up in China (car sales are way up but gas consumption remains the same, wink wink), and it’s bye bye Broadway.

By: hard to say

hard to say — Wed, 03 Mar 2010 03:25:47 +0000

the media here cannot be trusted – ST is ranked 154th and our journalists are the least trusted in a recent survey (followed by politicians!).

why do you say this ship is going down big? and do you mean Singapore or the world economy as a whole?

By: Normal

Normal — Wed, 03 Mar 2010 02:11:44 +0000

Agreed or rather short term it’s hard to say. With the media hyping it up with any small improvement and barely mentioning everything that’s bad, it can go anywhere the next few months, but in the long term (2 or 3 years), this ship is going down big.

By: hard to say

hard to say — Tue, 02 Mar 2010 23:54:26 +0000

if it’s so easy to predict, then one can simply short the market and just sit and wait to get rich.

the fact is the markets now reflect high volatility, which basically means a lot of uncertainty – the general sentiment is that people are unsure whether the economy will go up or go down or remain stagnant.

By: sunder sharma

sunder sharma — Tue, 02 Mar 2010 18:03:33 +0000

Another recession not only for singapore for the entire world and developing country is expected after 2nd quarter of 2010. This is due to another debt crises that evolve from the european countries. presently greece only default in their credit and anothe 2 or 3 countries may follow the same path.
Also, in US, corporate real estate crash is already begins which is yet to spread over to the outside world.
Watch for these items in the comming days.

By: Normal

Normal — Thu, 04 Feb 2010 22:41:20 +0000

Doraemorn, I agree with your math, so calm down, just surprised with your extreme example that’s all.

Actually, I believe in the next few years a bigger crisis is coming and today’s recession will turn into a depression, which is scary since Singapore has only known growth up until this point.

By: Doraemorn

Doraemorn — Thu, 04 Feb 2010 08:17:48 +0000

Normal, of course. How can it drop by 90%? I only meant it as an example.

The point is this. If you drop 30% and then you recover by 30%. Are you BACK at where you first started?

The answer is NO.

100 less 30% is 70. Now if you increase 70 by 30%…how many is that? Its 91. Not 100. The return to base is exponentially higher.

The point is, the economy shrank tremendously in the last 2 years (I think in the range of 30%). EVEN if we increase back by 30%…do you know how FAR back we are really in??? So why are property prices rising when we’re really going backwards.

3% or even 10% is really nothing. We need MUCH more than that.