You see bro,
Thats the problem with the Media here. They have been faning FALSE OPTIMISM.
Alot of Singaporeans STILL HAVE NO UNDERSTANDING of the Magnitude of the Tsunami of losses that is just round the corner.
Just to bring home the point. Instead of Watching CNA, try switching to BBC world, CNN etc. The DIFFERENCE is stark. Some of the global news that is affecting the markets are NOT even covered by our local media at all.
MDA have issued directives to the STATE TIMES that it should give out positive vibes IRREGARDLESS of the reality of the global slums that the market is being greeted now.
So let them spend. Its the last few enjoyments they would have before the coming funeral.
And if that is NOT the signs of worse things to come, CHECK OUT the report of Temasek's losses that is reported today.
Still not convince ?
What about the MILLIONS Temasek is pouring in to get Capitaland out of its shit now.
Still don't get the hint ?
Well HO CHING have left Temasek.
How clear can it be ?
Have times been really jolly and good, NONE of the above would have happen.
Give it another 6 months you will find out that those MORONS who have bought the Jurong West Condos will be hanging themselves well on their way to their own finiancial funeral.
The MOST positive outlook in the prevaling market is that this recession, depression, stagflation ( Even economist COULDN'T AGREE WITH THE WORD TO USE ) would take 3 years to overcome.
The fact is NO ONE HAVE ANY FUCKING IDEA WHATS GOING ON and HOW TO SOLVE IT.
BEEN a year still there at a global scale, EVERY GOVERNMENT is at a lost.
Right. So splurge on more LV Bags, Bigger Cars etc. If you have been sucked into the FALSE CLIMATE OF OPTIMISM the PAP have created, there is no one to blame except themselves.
And yes, I still see how many Singaporeans are spending their money away carelessly. And you are right, just by keeping your eyes open while the pain ebbs on does not mean there are no sickness.
Dan
