Is our economy really recovering?
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with about US200 billlion in reserves, the highest paid ministers in the world and the highest jump in the number of millionaires yet we have so many people rummaging through the dustbins for empty cans, people waiting for 2nd hand text books and whatnot.
true, we are not doing badly. -
How bad can we possibly be? Have you seen how many homeless people are there in Seoul, San Francisco, London, etc? I suggest you travel the world and open your eyes, just cross over to Batam, and then come back and tell us that the govt is lousy.
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Why dun u go to Switzerland and then come back and tell us that the govt is lousy.Originally posted by Salman:How bad can we possibly be? Have you seen how many homeless people are there in Seoul, San Francisco, London, etc? I suggest you travel the world and open your eyes, just cross over to Batam, and then come back and tell us that the govt is lousy. -
Yes our economy is recovering! You shall notice that many drinks/beers sold in 7-11 went up by 10-20cents from today!
Hope the increase by 7-11 won't trigger a rise in cofffee/drinks/food in coffee shops and food courts. -
being better doesnt mean it is good enough.Originally posted by Salman:How bad can we possibly be? Have you seen how many homeless people are there in Seoul, San Francisco, London, etc? I suggest you travel the world and open your eyes, just cross over to Batam, and then come back and tell us that the govt is lousy.
base on your thinking every singaporean cannot complain about anything anymore. -
Complain intelligently and constructively.
What do you expect the govt to do when the Yuan is under valued and Chinese choose to work for so much less and Singaporeans are so lazy and soft? -
Sir,Originally posted by Salman:Singapore is already the second richest country in Asia. We can't be doing badly.
That's like saying that the homeless man sleeping in a Tokyo subway station can't be doing too badly because Japan is the richest country in Asia.
From an individual perspective, the important measure is the distribution of wealth rather than the level of aggregate wealth.
regards,
siginah -
The price increases should not be surprising if one considers what has been happening to global commodity markets in the past 2 years.Originally posted by iamgoondu:Yes our economy is recovering! You shall notice that many drinks/beers sold in 7-11 went up by 10-20cents from today!
Hope the increase by 7-11 won't trigger a rise in cofffee/drinks/food in coffee shops and food courts.
Take a can of soft drink as an example. The sugar inside the drink, the can containing the drink, and the energy required to produce that can of drink have all been going up in price. The only surprise is that it took so long for the price increases to filter down from the primary markets to the consumers.
regards,
siginah -
How can all these commodity prices be going up if there is no strong demand?
Don't you know that world wide commodity supply has gone up too? Are you sure you know economics? -
well, imagine u have alot of $ in CPF...but are u rich ? can u draw out 100% of it and spend rite now ? cannot rite ? same logic...country rich not = u richOriginally posted by Salman:Singapore is already the second richest country in Asia. We can't be doing badly. -
How can you have a lot of money in CPF if you don't make a lot of money to begin with?
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in the case of oil, it is more difficult to find oil or for that matter drill new wells so that increase in supply lags behind demand increase resulting in price shooting up ... simple economicsOriginally posted by Salman:How can all these commodity prices be going up if there is no strong demand?
Don't you know that world wide commodity supply has gone up too? Are you sure you know economics? -
exactly, you don't have a lot of money to begin with yet a huge chunk gets locked in CPF which leaves you with even lesser money to spend ...Originally posted by Salman:How can you have a lot of money in CPF if you don't make a lot of money to begin with? -
CPF is a percentage of the chunk of money you earned.Originally posted by snow leopard:exactly, you don't have a lot of money to begin with yet a huge chunk gets locked in CPF which leaves you with even lesser money to spend ...
You gotta have a ton of money to begin with for a chunk of CPF to exist. What did you do with that ton of money minus that small chunk? You gambled it away on the market? You spent it of leisure? -
Total worldwide oil production increased but demand increased even more and prices went up. Sounds like economic boom doesn't it?Originally posted by snow leopard:in the case of oil, it is more difficult to find oil or for that matter drill new wells so that increase in supply lags behind demand increase resulting in price shooting up ... simple economics -
this is what saving is all aboutOriginally posted by Salman:How can you have a lot of money in CPF if you don't make a lot of money to begin with?
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nevertheless it is a huge percentage still ...Originally posted by Salman:CPF is a percentage of the chunk of money you earned.
You gotta have a ton of money to begin with for a chunk of CPF to exist. What did you do with that ton of money minus that small chunk? You gambled it away on the market? You spent it of leisure?
if we do not have a ton of money to begin with in the first place, how on earth are we gonna have tons of money to gamble away or spend on leisure after deducting for big ticket items like our monthly bills and HDB loan repayment? -
the boom may be a blessing for some but a sorrow for others ... we buy all the oil we need and so are at the mercy of oil price increases ...Originally posted by Salman:Total worldwide oil production increased but demand increased even more and prices went up. Sounds like economic boom doesn't it? -
When your salary increase, it is a blessing to you and a sorrow to others. Consumers have to pay a higher price for the goods and services that your organisation provide. Does the logic apply?
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Singapore has the second flatest income distribution the the world behind Japan. Is it a bad thing or what?Originally posted by siginah:Sir,
That's like saying that the homeless man sleeping in a Tokyo subway station can't be doing too badly because Japan is the richest country in Asia.
From an individual perspective, the important measure is the distribution of wealth rather than the level of aggregate wealth.
regards,
siginah
Did you give anything to the homeless at all? How much? Do you really care? Nope, you don't. -
u hv hit a right note. that is what is happening to our gahment !Originally posted by Salman:When your salary increase, it is a blessing to you and a sorrow to others. Consumers have to pay a higher price for the goods and services that your organisation provide. Does the logic apply? -
Obviously the newspaper and media has to say that economy is recovering, and we are getting close to our hay day...
PROPAGANDA from govt right?
That happens in most countries...
I say, the economy is indeed recovering, but not to the extend what the govt had painted...We are far cry from the good old days. GDP index counts for nothing...And if u pp know, they have been trying to emphasis on the lower unemployment rate, which i think is also quite untrue.. Prob there are more part-time jobs ard..tats all...
Know that happens to US. The democrats blasts the Republicans for unemployment rate....Though more jobs were created, but most were part-time jobs... It doesnt make sense for less job security.
BTW, i think most pp have anticipated that election will be here anytime. So, govt must says that done a good job mah..or else whos gona vote for them?
This is what i use to guage from economy---- If u see more pp queueing at ATM to withdraw money, economy is recovering.
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So in other words, we are having an economic boom. Good for Singapore and thanks to the govt. They deserve a pay increase, its a pity that the deep pay cut they took wasn't even fully restored.
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it depends, when my company charges the consumers more, perhaps to pay fatter bonuses to top executives, consumers if given a choice will walk away. so what seems like a blessing to those top executives end up becoming a sorrow for the whole company.Originally posted by Salman:When your salary increase, it is a blessing to you and a sorrow to others. Consumers have to pay a higher price for the goods and services that your organisation provide. Does the logic apply?
as for oil, it is a sorrow for us because like it or not we have to take their price. -
i think you got darknessfall wrong ... he meant its all a facade ... that we're still in a rut and the irony is that despite the gloominess all around, there are actually idiots who think they deserve yet another round of increase on an already shamelessly high salary.Originally posted by Salman:So in other words, we are having an economic boom. Good for Singapore and thanks to the govt. They deserve a pay increase, its a pity that the deep pay cut they took wasn't even fully restored.