View Poll Results: Is recession coming?

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  • confirm yes

    51 52.04%
  • probably yes

    27 27.55%
  • not sure yes or no

    5 5.10%
  • probably no

    9 9.18%
  • confirm no

    3 3.06%
  • what's recession?

    3 3.06%
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Thread: Is recession coming?

  1. #41
    Senior Member Sion's Avatar
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    Default Re: Is recession coming?

    Quote Originally Posted by Exposure View Post
    heard UK and NZ are already in recession liao...
    The tourists from UK and NZ are arriving in sampans?

  2. #42

    Default Re: Is recession coming?

    Quote Originally Posted by Sion View Post
    The tourists from UK and NZ are arriving in sampans?

    No money to eat alrdy still got the heart and time to come in sampans???

    Alot of factors are reflecting it alrdy:
    Sharp hike in food and oil prices
    Not so optimistic job market
    Lack of optimistic outlook towards EOY
    Flactuating value of USD

    soon Singapore bound to get hit
    A perfect photo that is empty of any feeling will never equal a blurred photo full of emotion

  3. #43
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    Default Re: Is recession coming?

    Economist define reseccion as as two consecutive quarters with a real fall in GNP.

    I foresee a lower growth rate for GNP and GDP, but not a minus % in growth.

  4. #44

    Default Re: Is recession coming?

    Don't be silly, singapore economy is going strong, there are 100,000 confirmed F1 ticket sales, you walk past any Ding Tai Fung restaurant you see so many singaporeans inside, even the young singaporeans like 17 yrs old schoolboy can afford a $2500 watch for birthday, there are even singaporeans who are planning 6 months trips to China, what recession are you talking about?

  5. #45
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    Default Re: Is recession coming?

    Times are going to get hard. If you think abt it, people have been dumping the Asian currencies, including SGD. Which implies, everything is going to get more expensive here in SG.
    Nikon D700,50mm f1.8, 14-24 f2.8, 24-70 f2.8, 70-300 f4-5.6

  6. #46
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    Default Re: Is recession coming?


  7. #47
    Senior Member Leong23's Avatar
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    Default Re: Is recession coming?

    Quote Originally Posted by JillValentine View Post
    OMG

  8. #48

    Default Re: Is recession coming?

    AIG maybe the next one to go!

  9. #49
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    Default Re: Is recession coming?

    Quote Originally Posted by Yappy View Post
    AIG maybe the next one to go!
    Will insurance policy customers be affected?

  10. #50
    Senior Member egnaro's Avatar
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    Default Re: Is recession coming?

    recession may affect SG but most likely wun affect me too much cuz i already underpaid. lol

    Keeping my finger cross
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  11. #51

    Default Re: Is recession coming?

    Quote Originally Posted by catchlights View Post
    wait till you see many new cars on tow on the road..

    not braking down, not no money buy petrol, but can't pay the installment.
    Bank... cannot sell the reprocessed cars so Freddie and fannn in Singapore?

  12. #52
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    Default Re: Is recession coming?

    Doubt so! Just look at the restaurants on the weekend. So full. Even foodcourts are packed. Sometimes I wonder how people can afford to eat at those places when some of us are bearly floating. Jobs that I have applied for all seem to be pushing the pay down, down, down.
    I'm here to learn.:flame:

  13. #53
    Member Static's Avatar
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    Default Re: Is recession coming?

    So will they halt opening new ERP for the time being?

    Recession is coming soon, hope the MIW can assess the situation b4 implementing more unpopular policies for singaporeans.
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  14. #54

    Default Re: Is recession coming?

    --------------------------------------------------------------------------------

    HP to cut 24,600 jobs as part of EDS integration
    Monday September 15, 5:20 pm ET
    By Jordan Robertson, AP Technology Writer




    Hewlett-Packard to cut 24,600 jobs, nearly 8 percent of work force, in EDS integration

    SAN FRANCISCO (AP) -- Hewlett-Packard Co. said Monday it plans to slash 24,600 jobs over the next three years, nearly 8 percent of its work force, as it combines operations with Electronic Data Systems Corp., the technology-services company it recently acquired.

    ADVERTISEMENT






    Most of the cuts will come from within EDS's ranks, and nearly half will hit jobs in the U.S., HP said Monday after the markets closed.

    HP had not previously detailed how many employees of the combined company would lose their jobs. Before the acquisition, HP had 178,000 people and EDS had 142,000, a total of 320,000.

    HP was expected to reveal more details about the integration at a meeting with financial analysts in San Francisco later Monday.

    Palo Alto, Calif.-based HP bought EDS for $13.9 billion in a bid to challenge IBM Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure.

    HP expects to save $1.8 billion per year from the cuts once the restructuring is complete. The company will incur a $1.7 billion charge in the current quarter, its fiscal fourth quarter, for a goodwill adjustment and other costs connected to the restructuring.

    HP CEO Mark Hurd has been aggressive about cutting costs since he was hired in 2005. His first big act was a major restructuring that eliminated nearly 15,000 jobs.

    Hurd's changes have helped HP wring more profits from its businesses even as the personal-computer industry as a whole grapples with shrinking profit margins, and HP's crown-jewel business -- printer ink -- faces intensifying competition from lower-cost competitors.

    HP shares fell $1.64, or 3.5 percent, to $45.33 in regular-session trading. In after-hours trading, the stock gained 42 cents to $45.75.
    Objection !!!

  15. #55

    Default Re: Is recession coming?

    since day one, the whole system is built on a lie, and one day this lie will be exposed and all will collapse.

    some may asked me how shall we go thru this, i would said two things

    1) keep cash (hobbies and pleasures can wait, your survival cannot wait)

    2) dun be choosy about jobs, cherish your employment and work wisely
    Last edited by Exposure; 16th September 2008 at 01:58 PM.

  16. #56

    Default Re: Is recession coming?

    this is just the beginning...

    1) Fannie Mae's bailout by Fed
    2) Lehman Bros's bankrupcy
    3) ML sold to BOA

    ... now pressure mounts on AIG.

    i am thinking is my insurance under AIG in safe hands or not ?

  17. #57

    Default Re: Is recession coming?

    Quote Originally Posted by Exposure View Post

    1) keep cash
    Yeap.

    I always believe in cold hard cash. Went through the worse **** in 2002 with my family. Had to sell our flat to get cold hard cash for survival. CPF cannot take out...

    And my dad was the sole bread winner and was retrenched from Keppel FELS (big comp huh).

    Can still remember the days watching World Cup 2002 with empty stomache...

  18. #58

    Default Re: Is recession coming?

    Quote Originally Posted by Yapster View Post
    Yeap.

    I always believe in cold hard cash. Went through the worse **** in 2002 with my family. Had to sell our flat to get cold hard cash for survival. CPF cannot take out...

    And my dad was the sole bread winner and was retrenched from Keppel FELS (big comp huh).

    Can still remember the days watching World Cup 2002 with empty stomache...
    Thanks for sharing your story. Hope things will not be so bad this time.

    And hope our cash will not be like WW2 banana currency.

  19. #59
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    Default Re: Is recession coming?

    getting groomy lately

    Cash will afraid of inflation.
    Commodity like gold etc price also fall lately.
    Housing property don't look good also.
    Share are even worse.

    So what do we keep now?
    Sony Alpha 700 hobbyist

  20. #60
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    Default Re: Is recession coming?

    Quote Originally Posted by zcf View Post
    getting groomy lately

    Cash will afraid of inflation.
    Commodity like gold etc price also fall lately.
    Housing property don't look good also.
    Share are even worse.

    So what do we keep now?
    Keep camera and lens?

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