Date: Mon, 18 May 2009 19:37:10 -0700 (PDT)
Local: Tues, May 19 2009 10:37 am
Subject: Re: What economic slowdown ?
On May 19, 10:07 am, "kingkong"
> This is strange....
> Our prata president is talking about "economic challenge", but did his group
> of "great minds" consult the stockmarket lately ?
> Asian stockmarkets are booming. They are trading at a volume level last seen
> during the Oct 2006 - Jun 2007 when Singapore share reached their all time
> So what does it all mean ?
> 1. Singapore banks are flush with money.
> 2. US banking deposit are still rising, meaning more money could flood
> equity by end of the year.
> 3. Everything from cars to houses to shares are cheaper than before. UK and
> Australia housing price is now at 2002 level.
> What this economic slowdown has done is that it made economic growth much
> more equitable across all income group and sectors with the rich got burn
> more than the poor.
> God is really right. The meek and the poor shall inherit the earth because
> the rich will probably burn in hell with the money.
He was saying that the recent asian stock market booming 'tak pakai'