Massive job, pay cuts, property comatose

[downgrader]

Everyday there is fresh news of job cuts and huge pay cuts

After Temasek and civil service announced pay cuts and huge firms like DBS implement massive job cuts, private sector has been given green light, not that it needs a lot of urging

Of course for most people, pay cut is better than losing job altogether since very few are as strong as I am.

With such grave economic situation and with the massive supply of new properties and conservative bank loan valuation, property prices will dive further

Many of those who were retrenched also have mortgages to service and if they don't get a job soon, they will face repo and the property lelong off by Mary Sai

The market will not bottom until property prices collapse to 1998 level

Property owners please get out with a small loss rather than work the rest of your lives for negative equity

The truly disciplined knows how to cut. When everybody capitulates at the same time, you will find yourself in quicksand

The economy is so bad that CITIBANK had to be bailed out

This recession is a deep and prolonged one. Wake up from your dream world and stop kidding yourself

 

[batman1]

Job cuts ? The MIW's solution :Bring in more foreigners (Now only approx. one million in Singapore,need to increase further !) to create more jobs for Singaporeans.

 

[Leegimeremover]

Job cuts ? The MIW's solution :Bring in more foreigners (Now only approx. one million in Singapore,need to increase further !) to create more jobs for Singaporeans.

What jobs? Managerial jobs? I think not. More like coolie jobs.

 

[theblackhole]

don't worry lah. singapore will pull through this depression with flying colours. we have a world class team to lead us to first world status despite this recession. singaporeans will survive. we had survived and we will survive. majulah singapura!!!!

 

[Leegimeremover]

Depsite PAP, Singaporeans will still survive.

 

[madmansg]

if you downgrade then where your income come from ? Can one become fishermen or chicken farming in his own flat in Sg ? maybe can convert the living room to a chicken farm ?

 

[Leegimeremover]

A great malay Singapore analyst from an financial company once fucked Ng Eng Hen's talk cock policy about house as nest egg: "You cannot eat your house."

 

[theblackhole]

worse come to worse, we tolong the agong and tolong him to help us to merge once agan and become the backwaters cesspool of the federation...possible? at least got some water to drink and some vegetables to eat...worse than eating your own million dollar bricks!

 

[ah_phah]

What jobs? Managerial jobs? I think not. More like coolie jobs.

managerial job? manager of nobody lor.
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/eEzO6X4KPwg&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/eEzO6X4KPwg&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

 

[2lanu]

A great malay Singapore analyst from an financial company once fucked Ng Eng Hen's talk cock policy about house as nest egg: "You cannot eat your house."

Haha, quite true. Imagine you have no $$$ but a house left.

 

[Leegimeremover]

Haha, quite true. Imagine you have no $$$ but a house left.

Ng must believe Hansel and Gretel story very much.