Re: Economy Slow down?
 

Confirmed bad economy coming next year. now is only beginning. Things are not that BAD yet.

Re: Economy Slow down?
 

China is in reform so growth will not be like last time. EU will b pretty flat for yrs to come. U.S. is in better shape as they have clawed themselves out of the woods but sustainability is the key word here

For the rest of the world, including spore will have to adjust to meet the world of slower growth

Re: Economy Slow down?
 

More bad news in china means more FLs from china coming to Singapore... :D:D

Re: Economy Slow down?
 

More China FLs coming??? Shit... I must then master
> See no evil Do no Evil <
:D

Re: Economy Slow down?
 

lol I prefer quality than quantity

Re: Economy Slow down?
 

Naturally, those who cannot make it will return, or try their best to hold on.

Those better ones will try squeeze more from anyone here. Their beauty don't last forever, so they know they have to grab as much as possible first.

Brothers here have to be more careful of the KC trap.

PRCs are notorious for such nonsense.

Do watch out for such in near future, only to get worse when times are harder.

Re: Economy Slow down?
 

I am referring to Local FL!

Re: Economy Slow down?
 

When I was an outsider, I used to think Geylang was recession-immuned, similar to casket industry.

Re: Economy Slow down?
 

Yes - unlike in the past, just about ALL economies are now inter-liked.
Many nations, including Singapore, had been successful in the past as they could insulate from the rest of the world and isolate themselves in their own monetary/fiscal policies; no more now.

The level of official AND unofficial debt vs GDP in China is a sight to behold...and be deathly afraid of!

Europe I worry will not just stay flat but fall off a cliff when the Greeks can no longer financially sustain/the populace cannot tolerate anymore... and Spain, Portugal, Italy etc also fall like dominos.

US is piling up so much debt that QE must at least be tapered very soon... or risk having their future generations become slaves to their debt too.

Scary.
SEAJ

Re: Economy Slow down?
 

I think if one go in to play w the correct mindset then the risk of dropping into the kc trap will b lower. Of cos u never know for sure . Also if u dun frequent them then the risk is also lower

Re: Economy Slow down?
 

True the real debt level of China no one will ever know as their are not transparent. But I feel China will correct itself though it will take a long time n a painful one . The rest of the world just have up adjust

The Greek issue is more of political than economic one . Eu can leave Greek to die n let other countries see it as an example. But political n social n the block as a whole is more at stake than the economy drop off of Greece

As for US, their debt is always there not an issue. They are still the only super power in this planet. Usd will always b the most widely used n priced currency . U.S. Print money is called QE lol. Others can't follow

Re: Economy Slow down?
 

Offtopic : I am loving this thread - especially the recent discussion about economies and projections and the linkages. Though is not related to sex - but is insightful enough without going into technical jargon/actuarian-science for the average me. ROCK ON ! (*subscribing to this thread*).

Re: Economy Slow down?
 

China is not immune to world affairs but there are some quarters who think that China is already one step ahead of others. China's announcement that it is developing or redeveloping the old Silk Route is not some fanciful thinking. Granted that it has political implications, but the economic windfall for the next 20 to 50 years will be enormous. Some of us may not live long enough to see how China will grow, both politically and economically but there is no reason for us not to jump (or try to jump) on the bandwagon now. Think of monkey go west.

Re: Economy Slow down?
 

With the amount of money to be made here, there is every reason for the PRC FLs to come.

Slightly off topic, but I thought I would share something I learnt from a PRC freelance ML recently on what she makes.

She charges $70 for an hour's work (no need to think to hard what she does). When I booked her one night (late hours), she told me she already had 7 customers before me, so adding me would be 8, and she was calling it a day, $70 x 8 = $560. She also told me on a typical day she would have anything between 5 to 10 customers. Even at the lower end of 5, she would be getting $350 per day. Let's say she only works 20 days a month, which means 20 x $350 = $7,000. Of course she has to pay rent, utilities, food, etc, but $7,000 per month is not too bad. Remember that $7,000 is at the lower end. If she has more than 5 customers per day and if she works more than 20 days a month, go figure out how much she can make.

Is that a sufficient reason for them to keep coming back? :)

Re: Economy Slow down?
 

Bro..:p Huats 8 back 2u..

:DCheers

Re: Economy Slow down?
 

W globalization there is no one country that can be immuned of cos. not US n certainty not China too. But like i said China is going through a painful reform that is necessary in the long run. So slower global economic growth will be a norm for years to come. As for sg, we are also in a reform to move upwards the value chain. Not easy n we will face slow growth ourself too

Re: Economy Slow down?
 

Let's say she only works 20 days a month, which means 20 x $350 = $7,000.
Is that a sufficient reason for them to keep coming back? :)[/QUOTE]

Knn, she earns more than me...

Seriously, they are real pain in the ass on public ethics.
Even, my kids see already also cannot tahan.

Re: Economy Slow down?
 

W globalization, I must come up with a plan to counter slow sales growth. Hmmm....

Re: Economy Slow down?
 

COE dropping soon? :cool:

Every sector hit....gonna see less cheongster...

Maintain and demand will still exist...this trade will always be resilience...maybe more come and work FL due to downturn...more choices..:D

Re: Economy Slow down?
 

No need for bad economy to hit earnings of FLs and MLs. Premier League starting this weekend/next weekend. Should be easier to book them if you are not football fan.

Re: Economy Slow down?
 

I'm not a football fan :D

Re: Economy Slow down?
 

I believe that medical is the only sector that is really not affected...The rest of the sector are affected across the board...Coz this is usually a chain reaction.

I have never heard of medical sector being affected coz no matter what happen to the world economy. You still need medical services when illness knocks on ur door...So all things related to medical are more or less in the safety zone...:D:D:D

Re: Economy Slow down?
 

Would like to hear ur plan keke

Re: Economy Slow down?
 

Well there are some sectors that are recession proof I guess . Like u said, medical sector . As we approached an ageing population, there will b a boom in this sector. Another is the f&b sector as pple need to eat . Of cos high end places will suffer but generally this sector will still be stable

Re: Economy Slow down?
 

Still affected lar.

e.g.

1.My frd's mother, receiving treatment in ME, every month abt 5K plus.. now went back own country, bcz too exp and his own income drop.

2. I already started eating less outside bcz can foresee the increment & bonus next yr will be very small...

Re: Economy Slow down?
 

Ok maybe I should not say not affected but rather compared to others some sectors like I mentioned are affected lesser than the other

Ya eat at home n cut down on unnecessary spending especially on entertainment is the key. Actually a lot of money are wasted in lifestyle choices as one always try to console that life is short n should treat urself better

Re: Economy Slow down?
 

Another sector that is recession proof is the funeral services sector. Sad but true.

Re: Economy Slow down?
 

Indeed. Agree with u. As we are going into an ageing population fast , natural such sector will be high in demand. But money paid per case might drop too. Never know