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4281 replies to this topic | 28,530 praises

#1

Posted 07 January 2016 - 11:19 AM

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earlier this morning, China market plunges 7% and is suspended for the rest of today... second time already in this week

 

all other markets are badly affected

 

a very bad start to 2016

 

looks like the US interest rate hike and hard landing of China economy slowdown will create a global financial storm in 2016

 

retrenchments and pay freezes, zero bonuses are inevitable during recession

 

the only good thing is.... COE may crash to 20+k or even lower [sly]


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#2

Posted 07 January 2016 - 11:23 AM

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very bad? u can be sure many bros in MCF are eagerly waiting to enter the markets.. all gleefully rubbing their hands LOL

 

capital market still flooded with money


He is no fool who gives what he cannot keep to gain that which he cannot lose

 


#3

Posted 07 January 2016 - 11:24 AM

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earlier this morning, China market plunges 7% and is suspended for the rest of today... second time already in this week

 

all other markets are badly affected

 

a very bad start to 2016

 

looks like the US interest rate hike and hard landing of China economy slowdown will create a global financial storm in 2016

 

retrenchments and pay freezes, zero bonuses are inevitable during recession

 

the only good thing is.... COE may crash to 20+k or even lower [sly]

COE 20k?

 

i doubt so.

 

sg still a ton of rich people.


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#4

Posted 07 January 2016 - 11:25 AM

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the only good thing is.... COE may crash to 20+k or even lower [sly]

 

 

I really, really hope so.... I want to renew my COE.


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#5

Posted 07 January 2016 - 11:26 AM

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garment will reduce the number of COEs.  End result, COE will remain high.


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#6

Posted 07 January 2016 - 11:27 AM

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COE 20k?

 

i doubt so.

 

sg still a ton of rich people.

Agreed that sg full of rich people, don't see any recession at all as people still splurge in buying cars and house and many others expensive items like there is no tomorrow. Lol.


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#7

Posted 07 January 2016 - 11:28 AM

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Wyfitms, on 07 Jan 2016 - 11:23 AM, said:

very bad? u can be sure many bros in MCF are eagerly waiting to enter the markets.. all gleefully rubbing their hands LOL

 

capital market still flooded with money

 

 

no doubt, outlook for 2016 will not be good

some cuts & wounds here n there, sup sup water

 

Still many people everywhere are cash rich



#8

Posted 07 January 2016 - 11:29 AM

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yah hope most of us are not over leverage in stocks and properties, or have too much debts

 

cash is king... for now



#9

Posted 07 January 2016 - 11:30 AM

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Mai spread fear le
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#10

Posted 07 January 2016 - 11:31 AM

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retracting back to jan 15 nia still above jan 14

Attached Thumbnails

  • 2016-01-07_113045.PNG

Edited by Wt_know, 07 January 2016 - 11:31 AM.

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#11

Posted 07 January 2016 - 11:33 AM

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Sg may be resilient because most are cash rich and could withstand it at individual level, , but we are still a very small economy compare to the rest of the world.

 

If the foreign MNCs start taking defensive stances due to an impending recession at the bigger economies, it is a matter of time that jobs and economy here will be affected.



#12

Posted 07 January 2016 - 11:33 AM

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retracting back to jan 15 nia still above jan 14

 

very soon we will see chinese authorities intro a new law to force all household to invest 20% of income into the stock market

 

and no selling for 5 years (like mOP)

 

to support the stock market 


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He is no fool who gives what he cannot keep to gain that which he cannot lose

 


#13

Posted 07 January 2016 - 11:37 AM

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Ya lor... Singapore one up China.. some goon in SBF wants Govt to invest all our hard earn CPF mony into stock market to support moribund market

If so, I lobby for right to withdraw from CPF scheme.



#14

Posted 07 January 2016 - 11:44 AM

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mai spread fears... how can coe drop 9K be bad news..., at least not in singapore context..... [laugh]


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#15

Posted 07 January 2016 - 11:46 AM

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Yes................. Recession Year ...  :a-m1524:

 

 

Its started with CAT 'A' COE yesterday, down S$9000.-  ... :slow:


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#16

Posted 07 January 2016 - 11:48 AM

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COE 20k?

 

i doubt so.

 

sg still a ton of rich people.

 

you talking about me.... [laugh]  [laugh]  [laugh]


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#17

Posted 07 January 2016 - 11:50 AM

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Those filthy rich, especially those who migrated here, will not hesitate to pay more to secure COE for their cars.

 

These people are why COE is being priced out of the middle man's reach, most of whom need cars more than the filthy rich.

 

 

I really, really hope so.... I want to renew my COE.

 


Cheers
Ben

#18

Posted 07 January 2016 - 11:56 AM

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Those filthy rich, especially those who migrated here, will not hesitate to pay more to secure COE for their cars.

These people are why COE is being priced out of the middle man's reach, most of whom need cars more than the filthy rich.

to the really really filthy rich multi millionaires.

 

if they want to buy a car they will just buy.

 

you think they will be deterred by just a difference in 20-30k for the COE?

 

lol


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#19

Posted 07 January 2016 - 11:56 AM

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PM already warned about slowing economy in 2016 at his new year speech. They know what is going to come.


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#20

Posted 07 January 2016 - 12:02 PM

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I don't think anyone expected the year to start with a bang [laugh]

 

But the Saudis started, then NK decided to big bang.

 

Don't worry, we have President KFC. Confidence for the future yo.


Edited by Myxilplix, 07 January 2016 - 12:07 PM.

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