US Default Will Kill Many Here?

[Sabbie]

Perhaps......but it will be a bear market correction.

 

US stock market is supported by the weak US dollar which resulted in some good US corporate earnings. But the overall global economy picture is very weak.

 

Even with the above, if the US stock market continues to fall below the 200 MA, then all is over.

 

On the Singapore side, the real estate indices have already game over for some time.

 

sori hor...singapore property index still climbing new highs, you sure you can read technicals?

[Yewheng]

Jia lat.. Property price going to crash soon. Good luck..

[Sabbie]

Jia lat.. Property price going to crash soon. Good luck..

 

Wun la, have to wait long long, you no property so hopeing it crash rite?

[Without_a_car]

Wun la, have to wait long long, you no property so hopeing it crash rite?

 

won't crash, interest rate haben even go up yet...

[Sabbie]

won't crash, interest rate haben even go up yet...

That's why I say wait long long

[Yewheng]

won't crash, interest rate haben even go up yet...

 

No need wait till interest rate rise.. see US economy.. jia lat lao..

Edited August 3, 2011 by Yewheng

[Sabbie]

People with properties wanting to sell will likely say wun crash, people without will say crash...

[Without_a_car]

No need wait till interest rate rise.. see US economy.. jia lat lao..

 

2008 meltdown, they still manage to buy time and postpone the inevitable until now

[Without_a_car]

People with properties wanting to sell will likely say wun crash, people without will say crash...

 

I would like to see a crash...

 

But the Americans has done very well in postponing one consider the scope and size of it

[Joseph22]

*like*

 

very sad

guess next time, my chinese name will be insulted too, as a tiong name

or when i celebrate CNY, i will be termed as celebrating tiong new year

 

what has this world come to?

 

Tiong is not a insult. its a dialect for saying middle or part of the full name of china.

 

but its wrong to say chinese as Tiong as its essentially a Common language rather than a tiong language.

Edited August 3, 2011 by Joseph22

[Yewheng]

2008 meltdown, they still manage to buy time and postpone the inevitable until now

 

But cannot hold any longer.. Look at US stock market.. conservative drop 8 days in a row. China going to hack care USD very soon.

 

USA revise GDP growth.. which is much lower than inflation which mean US already in recession and that make sense as by looking at US unemployment rate of record high.

Manufacturing in US drop, Consumer in US drop. All these is tell tale sign already.

[Without_a_car]

But cannot hold any longer.. Look at US stock market.. conservative drop 8 days in a row. China going to hack care USD very soon.

 

USA revise GDP growth.. which is much lower than inflation which mean US already in recession and that make sense as by looking at US unemployment rate of record high.

Manufacturing in US drop, Consumer in US drop. All these is tell tale sign already.

 

if the you see the dow drop till 10% value, you can start to panic also not too late

[Yewheng]

if the you see the dow drop till 10% value, you can start to panic also not too late

 

it's too late.. once drop 10%.. tell you.. Singapore have no time to react one..

[Without_a_car]

it's too late.. once drop 10%.. tell you.. Singapore have no time to react one..

 

the system will just have to reset

[Yewheng]

the system will just have to reset

 

ya wait till it reset lor.. no choice..

[Without_a_car]

ya wait till it reset lor.. no choice..

 

if you so worry about the reset, buy a piece of land with a diesel electricity generator, and few shotguns

[Yewheng]

[Yewheng]

So even if US maintain AAA rating.. Well it will make no difference.. very soon China will shift away from USD.