looking for cheonging buddies

[modnocslol]

Originally Posted by geylangfc

Bro Nato17..

Some ppl like buddy buddy system, while others like to be lone rangers mah..

For me, i can go alone or with a few bonk kakis.

Cheers

it'd be my privilege and honour to cheong with you someday, superman.

[modnocslol]

Originally Posted by geylangfc

Bro..
Stocks a few weeks ago before Bernanke annouced QE3, if you had bought some.. you might be enjoying 10-15% ( average) upside. It is a little late now to catch the euphoria.

Properties.. haiz.. seems to defy logic n gravity at the moment.. HDB flat Queenstown selling for 1.1M, HUDC in Shunfu selling for 1.28M. These are 99 leasehold by the way. The Shunfu Hudc is almost 30 years old if i am not wrong. Some of my friends speculated that property is gonna fall n sold theirs, they are sitting on a pile of $$ but losing $$ coz they need to rent a place meanwhile. But the meanwhile has been ongoing for like 2.5years. I am sure you know rental ain't cheap these days.

The powers that be can control how many people come in n out of SG as well as how much land they want to free up for building new homes. I don't forsee a post 1997 crash kinda scenario anymore whereby property prices stayed low following that n 2000 dotcom crash, 2001 sept11 event, 2003 SARS. It could take another event like the Lehman Bro collapse 2008 to trigger a price fall. Even so.. i don't forsee a huge drop. It all depends how long we stay in recession n externally how soon can the US n China recover.

Besides.. when we are tired about talking about serious stuff... there is always the gals to distract us n for us to gossip about

Now you know why "kong bei liao"...

we're still in recession?

[modnocslol]

Originally Posted by Nato17

Go with few bonk kakis, I feel obligated to the kakis who may be waiting for me, when I may have an urge to do 3 sessions or so. Just kidding.

omg so you're the one who did that incredible foursome over at 1654!

[geylangfc]

Originally Posted by modnocslol

it'd be my privilege and honour to cheong with you someday, superman.

Haha.. yes.. perhaps one day.

Originally Posted by modnocslol

we're still in recession?

I didn't say we are in one right now. i said if a Lehman sized event would to occur.. and we go into recession.

Sorry, i was long winded.

Cheers

[Nato17]

Originally Posted by geylangfc

Bro..

The powers that be can control how many people come in n out of SG as well as how much land they want to free up for building new homes. I don't forsee a post 1997 crash kinda scenario anymore whereby property prices stayed low following that n 2000 dotcom crash, 2001 sept11 event, 2003 SARS. It could take another event like the Lehman Bro collapse 2008 to trigger a price fall. Even so.. i don't forsee a huge drop. It all depends how long we stay in recession n externally how soon can the US n China recover.

Lehman Brothers lost approximately 6 billion in 2Qs and created chaos. We in SG would lose more than 6 Billion in value if the property market drops 10%. How do I come out with that figure? If a HDB cost 1 million than 10% = 100k. And if a condo averages at lets say 1.5- 2M, then condo owner's would lose close to 150k to 200k.

I still feel that we are in recession mode than expansion mode. Everywhere I turn to, I just cannot seem to get a good economic reading here in SG. For those brothers who are older, compare 10 years ago GL and now. You will find GL totally dead at night. Where got good in comparision to those yesteryears?

[Nato17]

Originally Posted by modnocslol

omg so you're the one who did that incredible foursome over at 1654!

You are on crack right? Did not read my disclaimer, eh?

[Stressedboi]

Ugh. Talking about the economy and markets is so depressing

Can't wait to go down tonight and have a good bonk...

[geylangfc]

Originally Posted by Nato17

I still feel that we are in recession mode than expansion mode. Everywhere I turn to, I just cannot seem to get a good economic reading here in SG. For those brothers who are older, compare 10 years ago GL and now. You will find GL totally dead at night. Where got good in comparision to those yesteryears?

Yes.. I guess it's propaganda in the general media that's giving people a false impression

[xhotshot]

Interested bro!! Contact me!

[max_priest]

The prospect of a synchronised recession across the global economy loomed larger as China's output shrank for an 11th straight month, Europe's recession intensified and the manufacturing sector in the US had its weakest quarter in three years. Europe's sovereign debt crisis, high commodity prices, the legacy of the financial collapse and tension between the world's three biggest economies had soured the economic environment since the start of 2012. Japan saw a drop in exports for a fourth month, leaving this country on course to run a trade deficit for a second year.

Singapore will be experiencing the impact soon as its economy depends primarily on US, Europe and Japan ... Singapore is expected to be one of the worst-impacted economies in Asia, should the eurozone enter into a full-blown crisis.

To all potential mistress acquisition hungry bosses, unless you are recession proof, better save more for rainy days ...

Originally Posted by Nato17

... I still feel that we are in recession mode than expansion mode. Everywhere I turn to, I just cannot seem to get a good economic reading here in SG. For those brothers who are older, compare 10 years ago GL and now. You will find GL totally dead at night. Where got good in comparision to those yesteryears?

[highlysex]

Originally Posted by Nato17

Lehman Brothers lost approximately 6 billion in 2Qs and created chaos. We in SG would lose more than 6 Billion in value if the property market drops 10%. How do I come out with that figure? If a HDB cost 1 million than 10% = 100k. And if a condo averages at lets say 1.5- 2M, then condo owner's would lose close to 150k to 200k.

I still feel that we are in recession mode than expansion mode. Everywhere I turn to, I just cannot seem to get a good economic reading here in SG. For those brothers who are older, compare 10 years ago GL and now. You will find GL totally dead at night. Where got good in comparision to those yesteryears?

Just a observation:
1. Japan tsunami
2. Thailand flood
3. Europe crisis
4. US almost zero interest rate
5. Middle East chaos
6. Earth quake everywhere
7. Europe recession since 2008

Singapore : Rated AAA+, so call rated richest country in the world plus we do not have all the above problems , if someone gives you $1 billion to invest where would you invest ? Just my 2 cents worth

BTW yes GL still very affordable value for money

[geylangfc]

Originally Posted by max_priest

To all potential mistress acquisition hungry bosses, unless you are recession proof, better save more for rainy days ...

Yes and not bao them so soon

Originally Posted by highlysex

Just a observation:
1. Japan tsunami
2. Thailand flood
3. Europe crisis
4. US almost zero interest rate
5. Middle East chaos
6. Earth quake everywhere
7. Europe recession since 2008

Singapore : Rated AAA+, so call rated richest country in the world plus we do not have all the above problems , if someone gives you $1 billion to invest where would you invest ? Just my 2 cents worth

BTW yes GL still very affordable value for money

Being cash rich is the best option at the moment

[highlysex]

Originally Posted by geylangfc

Yes and not bao them so soon



Being cash rich is the best option at the moment

100% agreed with bro geylangfc , no money no bonk

[Nato17]

Originally Posted by highlysex

Just a observation:
1. Japan tsunami
2. Thailand flood
3. Europe crisis
4. US almost zero interest rate
5. Middle East chaos
6. Earth quake everywhere
7. Europe recession since 2008

Singapore : Rated AAA+, so call rated richest country in the world plus we do not have all the above problems , if someone gives you $1 billion to invest where would you invest ? Just my 2 cents worth

BTW yes GL still very affordable value for money

Your rationale that Singapore is a worthwhile place to invest because of the abovementioned is not what I would call convincing enough for me to invest 1 Billion here, that is if I had a billion dollars.

Yes, we have stability but THAT IS JUST ABOUT IT. You said Japan had tsunami. But we will in the near future have a nuclear reactor nearby. So really is your rationale really convincing? Or are we self deceiving that SG is really tops?

[Nato17]

Originally Posted by max_priest

The prospect of a synchronised recession across the global economy loomed larger as China's output shrank for an 11th straight month, Europe's recession intensified and the manufacturing sector in the US had its weakest quarter in three years. Europe's sovereign debt crisis, high commodity prices, the legacy of the financial collapse and tension between the world's three biggest economies had soured the economic environment since the start of 2012. Japan saw a drop in exports for a fourth month, leaving this country on course to run a trade deficit for a second year.

Singapore will be experiencing the impact soon as its economy depends primarily on US, Europe and Japan ... Singapore is expected to be one of the worst-impacted economies in Asia, should the eurozone enter into a full-blown crisis.

To all potential mistress acquisition hungry bosses, unless you are recession proof, better save more for rainy days ...

Good commentary and analysis and eloquently put. Few businesses are recession proof businesses. Most business go through cycles. Have yet to see really recession proof businesses, but that is just me.