18th November 2010, 08:57 PM
18th November 2010, 09:30 PM
When there is GDP negative growth company also cuts aircon after 12pm.
Originally Posted by night86mare
All have to work in sweat.
18th November 2010, 09:46 PM
18th November 2010, 10:00 PM
18th November 2010, 10:36 PM
Sometimes people spend not because they can afford to spend, but rather they have confidence that they will not lose their jobs, thus will be able to pay off the loans or able to get by with less savings for a rainy day. The low interest rates are also a major contributing factor to durable goods purchases.
What is important is to spend within your own limits and not follow the Jones'. The Jones either have a million dollars in the bank or they are a million dollars in debt (and dont care about it !)
Growth rate varies across the board for different sectors, some are expanding, some are contracting. Numbers only tell part of the story.
Last edited by zero o; 18th November 2010 at 10:39 PM.
19th November 2010, 12:03 AM
19th November 2010, 09:46 AM
Our pay rises can never be proportionate to the GDP growth. Companies constantly look for ways to increase their profits, that's the basis of the Capitalist system.
Originally Posted by melvin
Just like the world oil price. When it goes up (equivalent GDP negative growth), petrol stations pump up their prices (pay freeze/cut). But when it goes down (GDP positive growth), the petrol prices stay almost the same, only slightly lower (slight pay increase). Guess who earned the extra profits?
19th November 2010, 11:34 AM
19th November 2010, 12:18 PM
i think you mean the lightning company ?
Originally Posted by Royale With Cheese
well, their words is as good as the law.