Retrenchment in Singapore 2012 to 2014

[Jamesc]

all eyes on greece on 17th june

if exit eurozone ... euro (currency) fked up and all hell break loose

i wonder european still got mood to watch euro2012 ...

I think the euro will go up if Greece is kicked out.

 

One less slacker countries sucking up the finances dry.

 

Leaving only the stromg countries where people work!

 

Like Germany.

 

[Wt_know]

it's the shockwave ... i agree that greece exit eurozone is like cutting off a tumor from the body

but the 'impact' is unimaginable ... never happen before and all plan for the worst

long term is good short term is tsunami .... if spain/italy go under together ... speechless

 

I think the euro will go up if Greece is kicked out.

 

One less slacker countries sucking up the finances dry.

 

Leaving only the stromg countries where people work!

 

Like Germany.

 

Edited June 3, 2012 by Wt_know

[Maroon5]

1-in-6 got SGD1.25M investible asset

COE at record high

Property (record breaking psf) sibei hot until whatever cooling measures cannot cool it down

.

.

.

kind of a different picture of what you are painting leh

 

hot money vs tangible investments. one drives prices, one creates jobs.

 

[Jamesc]

it's the shockwave ... i agree that greece exit eurozone is like cutting off a tumor from the body

but the 'impact' is unimaginable ... never happen before and all plan for the worst

long term is good short term is tsunami .... if spain/italy go under together ... speechless

If spain/italy go under,

 

my wife will save them by buying up

 

all the mango and prada she can with

 

euro that is now toilet paper.

 

She can't wait.

 

[Old-driver]

but 1 in 6 got SGD1.25M leh ... unless all lost at one go

i was chatting with my kaki that eurozone burst ... all hell breaks loose

but he said after 2008 lehman collapse ... a lot of people especially sporean being kiasu had keep cash pile up ... that's why property is hot ... TOO MUCH CASH ... LTV 60% also bo tai chi to whack property

hence, even eurozone burst ... of coz it will be bad but they have prepared

Hey... the 1 (of the 6) is make up of a household, not a single person anyway, dun believe too much of those research

[Mahjong74]

The world economy is not doing well and there are reports everyday that expect the situation to worsen due to the European crisis.

 

A quick check on the internet shows that a few companies have started/are starting their retrenchment exercise, e.g. HP and NOL.

Have you heard of any other companies which are retrenching?

 

NCS and Singtel.

 

Singtel - quite a number of perm staff being converted to 2 years contract recently. High chance they will be let go after the 2 years contract.

Edited June 3, 2012 by Mahjong74

[Wt_know]

when s--t happens ... some industry tend to hit harder than other

Edited June 3, 2012 by Wt_know

[Scoots]

it's the shockwave ... i agree that greece exit eurozone is like cutting off a tumor from the body

but the 'impact' is unimaginable ... never happen before and all plan for the worst

long term is good short term is tsunami .... if spain/italy go under together ... speechless

 

Another "too bigh to fail" worry ...

[Wt_know]

yup, we have been hearing eurozone crisis since 2010 for 2 years liao ... still in ICU

perhaps, not going to see any fail but a prolong ICU until patient heal slowly for a lonnngggg period

even US debt level already hitting the roof and still growing just at a slower pace

 

Another "too bigh to fail" worry ...

Edited June 3, 2012 by Wt_know

[Davidcks]

we are both in IT. The most volatile function in any organization.

 

 

Yup, IT......its one of the function that can be easier outsource....no matter how good one is.....

[Albeniz]

yup, we have been hearing eurozone crisis since 2010 for 2 years liao ... still in ICU

perhaps, not going to see any fail but a prolong ICU until patient heal slowly for a lonnngggg period

 

The euro situation is like feeding a drug addict with heroin shot, kept asking for handouts and bailouts.

They are so used to the benefits, welfare and do not want to bite the bullet to solve the problem at its roots.

Austerity plans are rejected.

 

It is just a matter of time...

Edited June 3, 2012 by Albeniz

[Freestylers09]

next week meeting the fate of Greece right?

 

Euro drop below 1.6 liao...power

[Wt_know]

1-to-1 ... you want to hold SGD or Euro

 

next week meeting the fate of Greece right?

 

Euro drop below 1.6 liao...power

 

[Yuan]

Whether Greece exit eurozone or not after the 17th June election, both consequence will be bad.

To be followed by Spain and Italy.

 

Unlike the Lehman case, this is going to be worse because the default and bailout is at country level.

 

Greece is a foregone conclusion whether they exit EU or not.

 

In my opinion, Spain and Italy will pose bigger problems (they already are now) just a matter of time especially if one of the national banks (Bankia) goes off completely.

[Wt_know]

it's a huge difference whether Greece is in or out of Euro

once it's out ... the euro currency need to be re-evaluated and investments in Greece need to be rewound like Lehman

 

Greece is a foregone conclusion whether they exit EU or not.

 

In my opinion, Spain and Italy will pose bigger problems (they already are now) just a matter of time especially if one of the national banks (Bankia) goes off completely.

 

[Speedsun]

As an observer of markets

[Watwheels]

I think some companies are making it as an excuse to fire ppl they dun want to keep.

[Speedsun]

Marc Faber thinks we could have a global recession either in Q4 or early 2013. 100 percent (odds).