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It seems very thing are going up these days! Even a bowl of noodle and bread goes up by 30 to 50 cents. This is due to the reason that flour price has gone up! Nowsadays, even the coffee shop foods has gone up! Fruits has gone! Transportation gone up! Consumers product gone up! Petrol gone up! Stock gone up! Apartment and Housing (Private 5.8% and HDB 6.6% up the pricing) price gone up with a lot cash over valuation! Apartment and House Rental ERP will go up next Monday!
Everything has gone up! Salary is stagnant! Some even got retrenched like my friends! Some got pay rise! Some are jobless!
Everything has sky rocketed to the roof top!
With the US credit crush issue with the housing and banking, will USA goes into recession and affect SG too! I think that the chance is high! With Meril Lynn has written off today about USD7.9billion or more due to the bad debt with the housing loan which the loss was suppose to be about USD 2.24billion. It is worse than expected! I think a short recession (50% 50% chance) is coming soon next year in Q2!
Everything will slow down! After that, everything will start to come down!According to
According to Newton's law, what Goes Up must Come Down!
2 comments:
Very scary. Recession coming? I think the signs are there. Another thing is the global climate is causing all the price hikes for flour. The hurricanes n forest fires are causing poor harvest, thus the price increase. So we must cherish our mother earth before mother earth punish us. Reduce, Reuse, Recycle.
Hi Pureskill!
I agreed! It is a scarey thing. Many things come and goes fast! Recession might be coming! The cost of living is acceleration! If the recession then we will be for another doldrum again! More Retrenchment? More losses of income? Today, MAS forecast it will be more moderate growth next year 4 to 6 %. It be worse! We shall see!
At the same time, we need to save the world by doing my part. Reduce! Reuse and Recycle! SAVE the WORLD! SAVE ourself too!
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