SINGAPORE is the FIRST... asian country to go into recession

[roninriot]

Technically, a recession means that a country's growth has been in the negatives for 2 quarters of a year consecutively (half a year basically).

 

[XLayaR]

Ah ha! I suspected something when my PUB bills shot up for no apparent reason

 

[b33r]

and what's $30-$40 if you are talking about Fender?
If you are talking about TGM it make sense.

$30-$40 is still money ok...multiply that by 5 and you can buy a new pedal!

that and i don't work and i find it difficult to save money.

 

[dudelove]

and what's $30-$40 if you are talking about Fender?
If you are talking about TGM it make sense.

actually what he means is that because the us dollar has increased, he has to pay 30-40 dollars more than the original price, when the us dollar was weaker.

 

[jony]

hope the sing $ will recover soon
arg.
i was planning to order an edwards from ishibanshi, but i guess it'll have to wait :???:

Or you could pick up a 2nd hand one

 

[shinobi]

Or you could pick up a 2nd hand one

speaking of 2nd hand, the recession has drawn first blood in my gear expenses.

i ordered a phil jones bass buddy from ishibashi's u-box. that was about a month ago.

at the time, the exchange was about ¥100 = S$1.39 which was pretty decent, though that was already higher than previous rates.

i charged it to my debit card. the way debit cards work is that the merchant will put a holding charge on your card. the money can only be credited after awhile. i've dealt with ishibashi alot of times, and this process takes pretty long for them.

the transaction finally cleared a few days ago, but by then the rate went up to ¥100 = $1.49

i had to fork out a whopping $50 more for something that costs around $400 :evil:

 

[zebraprintzz]

spend your way out of recession! one of the many good sense i've gained out of econs. xD

 

[shinobi]

with my layman thinking cap on, i rather have material possessions than money that is increasingly resembling toilet paper. but i normally get my gear from overseas, and the exchange rates are hurting. australian dollar is going down but there's no australian gear that i want. OR IS THERE?

we can't spend our way out this time because of inflation. if singapore tried an expansionary monetary policy, it would put inflation through the roof.

the media has helped the government (as usual) play down the fears of the public, but saying NOTHING WILL GO WRONG. i would be more assured if they just came out and told the public the ways in which they will get growth and inflation back on track.

this recession is not only set to last, but it's gonna get worse, if the current climate is indicative of the future.

i get the feeling that nobody is really concerned because they see all these fat cats falling but dont know how they themselves will be affected.

to spell it out: UNEMPLOYMENT