Donut Supercharged July 28, 2011 Share July 28, 2011 Some signs of dip in economy already... Heard some factories are also cutting back on production forcing people to take leave. Brace yourselves for a rough ride after ~ 2 + years of boom!!! Since when got 2 years of boom? Boomz I know.... ↡ Advertisement Link to post Share on other sites More sharing options...
Whatisthis04 Neutral Newbie July 28, 2011 Share July 28, 2011 What's new? I've seen alot more getting retrenched every mth.... My circle of frens...50% r jobless now.... Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 What's new? I've seen alot more getting retrenched every mth.... My circle of frens...50% r jobless now.... then wat they doing now? Link to post Share on other sites More sharing options...
Megaweb Clutched July 28, 2011 Share July 28, 2011 how many in SG affected? Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 how many in SG affected? not much i think, mainly in euro and us where the economy is s--t la Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 28, 2011 Share July 28, 2011 (edited) when when when my dear throttle When i dont know but it seems to be in the cards. why do you think I save 70% of my income? Take note that I dont mean Singapore economy would crash and burn but the property market and the COE are likely to be the first two things to feel such an impact becos they are big ticket items directly linked to jobs If char kway tiao goes from $3 to $5, people will still eat. and during bad times $5 also unlikely to drop back to $3 . but property and COEs are not char kway tiao. They are often bought with non fully collateralised loans. They are bought with speculative future income. Prices can move significantly, and they have moved before. Any bro here with additonal property driving luxury cars and can truly stand steady when their income is halved, I respect. but i suspect only a handful. Edited July 28, 2011 by Throttle2 Link to post Share on other sites More sharing options...
Rosschang 1st Gear July 28, 2011 Share July 28, 2011 i think most likely they cut in other place and re-hire in SG as contracts, with majority Ah Neh FT source fresh from land of Elephants... Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 (edited) When i dont know but it seems to be in the cards. why do you think I save 70% of my income? Take note that I dont mean Singapore economy would crash and burn but the property market and the COE are likely to be the first two things to feel such an impact becos they are big ticket items directly linked to jobs If char kway tiao goes from $3 to $5, people will still eat. and during bad times $5 also unlikely to drop back to $3 . but property and COEs are not char kway tiao. They are often bought with non fully collateralised loans. They are bought with speculative future income. Prices can move significantly, and they have moved before. Any bro here with additonal property driving luxury cars and can truly stand steady when their income is halved, I respect. but i suspect only a handful. You are right, you know what? despite all the silly clashes with you, you are one guy that really makes sense in the forum, doesn't hurt to be a bit more prudent, I earn a fraction of what you earn but save about 20% of my income too, probably can save more if not for my lack of direction in life due to certain reasons, and basically I have liquidated all my investments and left 40K only in case there is still a last bull run in the stock market....I just left a small car loan of 46K that I can settle anytime, if I dun fug ard so much or lose my job at least my cash can last me 3 to 5 years.... Edited July 28, 2011 by Sabbie Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 28, 2011 Share July 28, 2011 You are right, you know what? despite all the silly clashes with you, you are one guy that really makes sense in the forum, doesn't hurt to be a bit more prudent, I earn a fraction of what you earn but save about 20% of my income too, probably can save me if not for my lack of direction in life due to certain reasons, and basically I have liquidated all my investments and left 40K only in case there is still a last bull run in the stock market....I just left a small car loan of 46K that I can settle anytime, if I dun fug ard so much or lose my job at least my cash can last me 3 to 5 years.... hhmm, i dont recall ever clashing with you Sabbie. but with Chemmie78, yes. so you tell me. Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 hhmm, i dont recall ever clashing with you Sabbie. but with Chemmie78, yes. so you tell me. We did la, but nevermind, I already admitted in the other thread that I am Chemmie78!!!as in take over him Link to post Share on other sites More sharing options...
Greatbirdlegend 1st Gear July 28, 2011 Author Share July 28, 2011 hhmm, i dont recall ever clashing with you Sabbie. but with Chemmie78, yes. so you tell me. [laugh] Link to post Share on other sites More sharing options...
Zanter 3rd Gear July 28, 2011 Share July 28, 2011 cost cutting reveals one most important info. = Decreasing Revenues experience will tell us that once it hits our shores, property prices will become more realistic, COE prices will become more realistic.....hang in there. The COE's r gravity defying. I hope there is a moderation in economy. If American tanks out, Sg will not escape the heat. The US politicians are just keeping their eco afloat by artificial monetary easing till they get re-elected again, then they will just pass the buck to the next guy. Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 [laugh] I admitted leow!!! rub it in!!! That's why in life don't ever tell lies or do anything against consciene, it will come back and prick you one day....that's why i live life with integrity Link to post Share on other sites More sharing options...
Aimnfire 4th Gear July 28, 2011 Share July 28, 2011 when that happen property price will head south Link to post Share on other sites More sharing options...
Whathefish 5th Gear July 28, 2011 Share July 28, 2011 hhmm, i dont recall ever clashing with you Sabbie. but with Chemmie78, yes. so you tell me. FYI wah lao, I am not, you guys want to force me to admit,,,ok la I AM CHEMMIE78 happy???? now i know how people in ancient times kena tortured into confession...haha Link to post Share on other sites More sharing options...
Joseph22 Turbocharged July 28, 2011 Share July 28, 2011 [laugh] realise he keep self pwnding? anyway this version of him better than C78 Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 realise he keep self pwnding? anyway this version of him better than C78 hello, i heard you also got a few version before??? Link to post Share on other sites More sharing options...
Sabbie Clutched July 28, 2011 Share July 28, 2011 when that happen property price will head south hard to say, usually will lag and due to inelasticity ↡ Advertisement Link to post Share on other sites More sharing options...
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