Wooden is Worrying AGAIN!

[makapaaa]

For FTrash?

SM Goh says impact of financial crisis on real economy is worrying
By S Ramesh, Channel NewsAsia | Posted: 10 October 2008 1500 hrs
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Senior Minister Goh Chok Tong</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD></TD></TR></TBODY></TABLE>

SINGAPORE: Singapore's Senior Minister Goh Chok Tong, who is also the Chairman of the Monetary Authority of Singapore (MAS), on Friday said Asian banks have learnt their lessons after the last financial crisis.

He was addressing a luncheon session at the Indian diaspora conference. Replying to a question on the impact of the current financial crisis on Asia, he answered that the impact of the crisis on the real economy is worrying.

Mr Goh said: "Already we are seeing slower signs of growth for Singapore and likewise for many countries in Asia. There is no escape. US is one of our biggest export markets for most countries in Asia, if not the biggest. Europe is also a big market for us.

"So when the real economy begins to be affected, all of us will be adversely impacted. That is the part I worry about. What will growth be like next year and how long will slow growth be dragged out for all of us?"

"This time the financial turmoil has affected more of the West, US and Europe. Asia as of now has not yet been as adversely affected as the economies in the West. That is partly because, in a way, we are less sophisticated in questions of derivatives. I think it is a good thing.

"Many of our investors want to jump into derivatives. But also after the Asian financial crisis, the banks in Asia, they have re-capitalised themselves.

"They are better regulated, they have better boards and management and these are the principal factors that have in a sense prevented us from being sucked in by the financial turmoil in the West.

"But I would say the worrying news would be how the financial turmoil in the West is now affecting the real economy in Europe and in the US."

- CNA/yb

 

[zhihau]

"But I would say the worrying news would be how the financial turmoil in the West is now affecting the real economy in Europe and in the US."

please correct me if i'm mistaken, i thought last time SM Goh said that he'll be worried if there's no retrenchment in Singapore?

 

[chinkangkor]

I thought MM said foreigners and PR will be retrenched first? Why is wooden worrying for them?

 

[chinkangkor]

please correct me if i'm mistaken, i thought last time SM Goh said that he'll be worried if there's no retrenchment in Singapore?

He will say it again when he wants to give signals to GICs to retrench staff.

 

[popdod]

please correct me if i'm mistaken, i thought last time SM Goh said that he'll be worried if there's no retrenchment in Singapore?

Maybe now...he will say....he will be worried if no pay cuts and reduction of CPF.

:(

 

[depeche]

But his own solid rice bowl is still intact...so deep in his heart...no worry mate!!!

 

[makapaaa]

please correct me if i'm mistaken, i thought last time SM Goh said that he'll be worried if there's no retrenchment in Singapore?

Paiseh! Did I say that? Must be kena amnesia again! *hee*hee*​

 

[DIVISION1]

A good leader is always concerned about the welfare of the country, even if past performances warrant for optimism. Expressing these concerns publicly requires responsibility and responsible timing.

 

[makapaaa]

A good leader is always concerned about the welfare of the country, even if past performances warrant for optimism. Expressing these concerns publicly requires responsibility and responsible timing.

So how do u propose Wooden be responsible for his "Swiss standard of living" promise?

 

[zhihau]

Maybe now...he will say....he will be worried if no pay cuts and reduction of CPF.

:(

bro,

CPF rates have been on the operating table before and it seems highly plausible that it would be affected all over again...

 

[zhihau]

A good leader is always concerned about the welfare of the country, even if past performances warrant for optimism. Expressing these concerns publicly requires responsibility and responsible timing.

yes! a good leader is always concerned about the welfare of the country.
what about the peoples? should the welfare of the peoples be in the list as well?

 

[toolanliao]

please correct me if i'm mistaken, i thought last time SM Goh said that he'll be worried if there's no retrenchment in Singapore?

no he did not say that. he said he would be retrenched if there are no worrying in singapore. :p

 

[myjohnson]

So how do u propose Wooden be responsible for his "Swiss standard of living" promise?

Answer that Division I or is that 286 processor of yours stuck.

 

[DOM the Clown]

please correct me if i'm mistaken, i thought last time SM Goh said that he'll be worried if there's no retrenchment in Singapore?

Bro zhihau,
Greetings!

So, the Great Wooden Equation is: the real economy begins to be affected when there's no retrenchment.

LET'S HAVE MORE RETRENCHMENT, PLEASE!!!!

LET'S GET THE TOP MANAGEMENT GUYS OUT OF SINGAPORE INC. FIRST!!! THEIR RETRENCHMENT WILL AFFECT OUR REAL ECONOMY!!

Cheers!
DOM

 

[zhihau]

LET'S GET THE TOP MANAGEMENT GUYS OUT OF SINGAPORE INC. FIRST!!! THEIR RETRENCHMENT WILL AFFECT OUR REAL ECONOMY!!

bro!

long time no see!

too bad the common people always forfeit their power leh :(

 

[DOM the Clown]

Answer that Division I or is that 286 processor of yours stuck.

Bro,
Most probably the pappy brigade guy will reply like this:

A good leader is always concerned about the welfare of the country, even if past performances warrant for optimism. The promise of the Swiss Standard of living is just an expression of optimism of future performances which have no bearing on the current welfare and thus does not concerns responsibility of the good leader that warrents responsible timing of letting the world know that he has seen the atoms and all their sub-atomic particles with his naked eyes.

Cheers!
DOM..................dork of marineparade

 

[Mentri_Besar_emas]

u r right ,man! ... its just wayang -wayang lah!

 

[myjohnson]

Bro,
Most probably the pappy brigade guy will reply like this:

A good leader is always concerned about the welfare of the country, even if past performances warrant for optimism. The promise of the Swiss Standard of living is just an expression of optimism of future performances which have no bearing on the current welfare and thus does not concerns responsibility of the good leader that warrents responsible timing of letting the world know that he has seen the atoms and all their sub-atomic particles with his naked eyes.

Cheers!
DOM..................dork of marineparade

Bro Dom

It could turn out to be a real potent weapon to wield against peasants! Imagine being bombarded day in day out by that droning language on TV and Radio, you'll scream surrender and promise to vote for them in perpetuity!:eek

 

[theblackhole]

don't blame anybody. don't blame the gahment. don't blame the employer. don't blame anyone if you lose your job and lose your money.lose everything. lose your arrse luck!
knn! what sort of advice is this? where all the billions gone to?

 

[The_Latest_H]

Sure, if it isn't affecting us much, then why are the stock markets in almost all asian country affected?

Is SM Goh kind enough to counter-rebut?