atans1

Tharman waiting for Christmas isit?

In Economy on 25/10/2016 at 4:10 pm

Sure sounds like a recession to me:

1 The head of the Association of Small and Medium Enterprises, which represents 12,000 companies, says firms are not expecting a swift recovery like that which followed the financial crisis.

“This is not ’08-’09, it’s not a V-shape. It’s a sustained, deep-end plateau,” said president Kurt Wee. “Industrial support industries or building contractors and oil and gas are very badly affected and that has a broad based effect on everything else on the ground.”

2 “When you talk to building infrastructure groups, it sounds depressing,” said Kong, who faces a 10-15 percent sales drop this year, the firm’s first in its five-year history.

“Everyone seems to be asking ‘what’s going to happen to me in three months?’ Companies are not getting the orders, there are fixed overheads, so the first thing they do is slash marketing budgets and the next thing is they cut the number of people.”

http://mobile.reuters.com/article/idUSL4N1CT0KE?feedType=RSS&feedName=bondsNews

Technically, it may only be a slow down but as a PAP Old Guard minister (Ong Pang Boon when describing how to identify communists) once said

If it looks like a duck, and quacks like a duck, then it is a duck

So where are the measures PAP to counter a recession? Waiting for Chrismas isit?

And for those ang moh tua kees and TRE nuts and Indian supremacists from “The Idiots — S’pore” (TISG is what it calls itself) who think the sun shines out of Tharman’s ass, the light they see is the PAP juggernaut out to crush fools like them.

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