- Joined
- Jul 14, 2008
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Some people like to look at GDP or manufacturing output to determine if Singapore is doing well. Others look at jobs created, jobless rate, stock market prices, property prices, crowds in Orchard Road malls, turnout at condo launches, number of high net worth individuals, their own bank accounts, their neighbour's new car, lagging indicators, leading indicators, etc etc.
I prefer to look at how crowded the kaya toast and kopi outlets are.
Eating at a kaya toast and kopi outlet is a funny thing. The tables are small, the chairs are small, the space is usually limited, you queue to order, wait for tables, and the products cost quite a lot in my opinion.
Go to Fairprice and buy a loaf of bread for $1, a bottle of kaya for $3, get a few satchets of 3-in-1 coffee and you can eat and drink 5 times for the same amount spent once at a kaya toast outlet. But yet, morning, noon or evening, almost every outlet is filled with people.
Years of buoyant stock and property markets and stable employment may have allowed many to be able to spend time sitting in a kaya and kopi outlet. But this may also indicate the fact that many Singaporeans are still not hungry, hence not ready for change.
Unfortunately, this could be the calm before the storm, years down the road.
I prefer to look at how crowded the kaya toast and kopi outlets are.
Eating at a kaya toast and kopi outlet is a funny thing. The tables are small, the chairs are small, the space is usually limited, you queue to order, wait for tables, and the products cost quite a lot in my opinion.
Go to Fairprice and buy a loaf of bread for $1, a bottle of kaya for $3, get a few satchets of 3-in-1 coffee and you can eat and drink 5 times for the same amount spent once at a kaya toast outlet. But yet, morning, noon or evening, almost every outlet is filled with people.
Years of buoyant stock and property markets and stable employment may have allowed many to be able to spend time sitting in a kaya and kopi outlet. But this may also indicate the fact that many Singaporeans are still not hungry, hence not ready for change.
Unfortunately, this could be the calm before the storm, years down the road.