Jialat for economy, PAP/ Voters will get back more of their money

China’s lunar new year spending growth slowest since 2005
Consumption ebbs as weakening economy hits sentiment and fuels worries over retail sales

Headline of FT article today

China’s economic growth could slow to the weakest level on record (since records began in the early1990s)in the first quarter, reported the Economic Information Daily, a newspaper run by China’s official Xinhua news agency (China’s ST):

It is not difficult to determine that this year our country’s economy will continue to bear pressure, with a conservative estimate for full-year cumulative growth of about 6.3 per cent and the possibility that growth for the present quarter could reach 6 per cent.

Not good for Singapore and region: “Asean’s potential”: What a load of BS

More goodies using our own money on the way because 4G leaders need big mandate: Why PAP aiming for 65% of the popular vote.

If economy cannot generate higher wages, and property prices (Double confirm, ground not sweet for PAP), only way is Budget bribes goodies using our own money.

Remember you read this first here: “No GST rise until 2015”. Related post: How PAP can win 65% plus of the vote.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

 

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9 Responses to “Jialat for economy, PAP/ Voters will get back more of their money”

  • LIONS:

    Dont worry.
    After GE,they will dump more dumb FTs here to REPLACE THE YOUNG LOLLY-$uckers who will vote for them???

    LMAO! What u reap is what you $ow.
    Young lolly-$uckers just dont learn.
    Welcome FTs to kick out the young lolly-$uckers.

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  • Bapak:

    Where are the gems?

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  • Orchard road bankrupt:

    I love it when orchard road dying. So much frustrating policies and we so timid to do anything. It’s a great relief to hear orchard road is dying.
    Hope more bankrupts. The rich open shops in orchard road. They more of them bankrupt the more I happy.

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  • Haigen-Diaz:

    If economy cannot generate higher wages, and property prices (Double confirm, ground not sweet for PAP), only way is Budget ‘goodies’ using our own money.

    Forces are at work that might cause a slow down this year, next year – really bad recessions happen when people are not aware of the danger to which financial manipulations have exposed the economy. The next big downturn is likely to come from some financial overexposure which is not recognized, or recognized by only a very few. https://www.bloomberg.com/news/features/2019-02-11/the-incredible-shrinking-singapore-stock-market?srnd=premium-asia

    Here at ground level it appears that the consumer is essentially tapped out, the real problem is debt, many of whom pay a crushing mortgage payment every month, many of whom have big credit debts, and it will not take much for a problem to turn into a crises. https://www.businesstimes.com.sg/government-economy/singapore-retail-sales-slide-6-in-december-for-full-year-07-drop

    We can take Krugman’s comments as a prediction of a high level of certainty that recession will take place in the next year or two. Adding to the factors described, recessions occur roughly every 8 – 10 years without fail and businesses and consumers are in hock to vast levels of borrowed money, which will add fuel to the fire if a recession starts. Given the idiocy just experienced (but not yet extinguished) by America’s inability to agree on a budget on time. If negotiations break down and the U.S. risks defaulting on its debt, you have all the necessary conditions for an historic economic apocalypse.

    In the next precarious few years we will need serious “rational” humane humans to run Singapore. Sometime ago I read an article describing alternative economic models that recognize ecological limits of human development and emphasize social equality.

    The first one proposes a steady-state economy: one that has stopped growing in terms of GDP, but continues to improve quality of life and is maintained by an ecologically sustainable rate of resource throughput and a constant human population.
    The second one is a sustainable de-growth model that has been defined as “an equitable down-scaling of production and consumption that increases human well-being and enhances ecological conditions at the local and global level, in the short and long term”.
    The paradigm is that human progress without economic growth is possible. It has been shown repeatedly that GDP per capita does not correlate with overall happiness above a certain level of satisfying people’s basic needs.

    The good news, I hope, is that people are waking up to the challenge of an uncertain future. The less-than-good news is that the ‘same foxes’ are in charge of the hen house.

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  • Bapak:

    Likewise, our Stock Exchange is dying faster than the retail industry in Orchard Road. Evidence on how PAP’s toxicity destroyed overseas investors’ confidence. Sinkies may be blinded but foreign investors are not. Somethings locals must learn to read how foreign investors measure PAP performance. Dont just listen to their PAID IBs TKSS. How must does conscience pay? They are paid to do the dirty job for the rogue regime.

    Orchard road bankrupt:
    I love it when orchard road dying. So much frustrating policies and we so timid to do anything. It’s a great relief to hear orchard road is dying.
    Hope more bankrupts. The rich open shops in orchard road. They more of them bankrupt the more I happy.

    GD Star Rating
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  • True facts:

    Young graduates n pmets don’t need to work can retire already the moment they bring in more FTS from India n China n Philippines.

    Population growth to 12m.

    Good luck Huat ah.

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  • patriot of TUMASIK:

    “Remember you read it here”…still trying HARD to promote your “BLOG” CI???

    Just keep contributing to TRE you may get some idiots going to your “BLOG”

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  • Unless mandated:

    Well , many i chit chat with are looking at the M package.

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  • Bapak:

    Tell them to buy three chickens. PAP will come and collect.

    Unless mandated:
    Well , many i chit chat with are looking at the M package.

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