Seems like recession is coming soon.

[hbk75]

FOMC meeting on rates hike. China slowing down and ringgit devaluation. Hope that those that voted for pap will get help when sibor spikes during to SGD dropping against USD.

 

[laksaboy]

Recession has already arrived, not 'coming soon'.

This one will make the subprime crisis of 2008 look like child's play.

Every 7 years, something magical happens.

 

[hbk75]

Recession has already arrived, not 'coming soon'.

This one will make the subprime crisis of 2008 look like child's play.

Every 7 years, something magical happens.

So i hope pap will help those 70% who have supported them.

 

[JHolmesJr]

So i hope pap will help those 70% who have supported them.

errr……let me get back to you on that.

 

[hbk75]

errr……let me get back to you on that.

their housing policies causes alot of household debts. and now recession and rate hikes coming.

 

[JHolmesJr]

their housing policies causes alot of household debts. and now recession and rate hikes coming.

errr…..noted….but maybe people shldnt have bought homes they couldn't afford…..

 

[Bigfuck]

So what? Start to exercise by collecting cardboards.

 

[hbk75]

errr…..noted….but maybe people shldnt have bought homes they couldn't afford…..

noted that pap gave alot of ppl false hope that housing prices will go up forever. have not warn them enough of the danger of borrowing too much. only came out with tdsr when fed reserve announced tapering.

 

[Viron]

when life gives u lemons, make lemonade

 

[hbk75]

So what? Start to exercise by collecting cardboards.

collect cardboards enough to pay mortgages or not?

 

[laksaboy]

collect cardboards enough to pay mortgages or not?

Well, you can always construct a house with cardboard boxes.

 

[hbk75]

Well, you can always construct a house with cardboard boxes.

when fed reserve hike rates. they tend to do it very quickly.

 

[Cerebral]

Recession has already arrived, not 'coming soon'.

This one will make the subprime crisis of 2008 look like child's play.

Every 7 years, something magical happens.

Yup. Every damn indicator is down. SG Govt seems to be holding it up artificially. Currency has also soften quietly aginst key currencies globally. Give the new govt a few months and everything will unravel...

 

[Cerebral]

noted that pap gave alot of ppl false hope that housing prices will go up forever. have not warn them enough of the danger of borrowing too much. only came out with tdsr when fed reserve announced tapering.

I thought the TDSR was in relation to the Moody's downgrade

 

[hbk75]

Yup. Every damn indicator is down. SG Govt seems to be holding it up artificially. Currency has also soften quietly aginst key currencies globally. Give the new govt a few months and everything will unravel...

they are using reserves to bump up sgd. probably just for the election.

 

[hbk75]

I thought the TDSR was in relation to the Moody's downgrade

tdsr started just after ben bernanke announced tapering.

 

[Stompiss]

Contractionary monetary policy, decrease $ supply. You bought the bond?

 

[hbk75]

Contractionary monetary policy, decrease $ supply. You bought the bond?

never buy any bond yet.

 

[Kid278]

Recession has already arrived, not 'coming soon'.

This one will make the subprime crisis of 2008 look like child's play.

Every 7 years, something magical happens.

Comes December the pinch will become a punch. Let's see how the papzis with the 70% win pull this one off.

 

[hbk75]

Comes December the pinch will become a punch. Let's see how the papzis with the 70% win pull this one off.

i wanna see how pap can help these 70% who have supported them.