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Every recession has a silver lining

October 13, 2008

So I read this interesting bit of news on the expected effects of recession this morning, “More Singaporeans expected to seek help for clinical depression, anxiety.”

Its not just Singapore I reckon. Malaysia’s in the bag too, tied together through borderless economy and all. KL composite is at 936 as I type this and will probably be bouncing up and down like a ping pong ball for the rest of the day.

Economists define recession as two consecutive quarters of decline in real GDP.

This part particularly caught my eye:

“The global economy is in a crisis, and psychiatrists say they expect to see more Singaporeans seeking help for clinical depression and anxiety.”

And this:

“They say men are more likely to face psychological pressures, which they try to overcome by drinking, overworking or self-medicating sleeping pills – thereby worsening the situation.”

Those drinks and happy pills have got to come from somewhere. So now you know what businesses to invest in today.

Who says you can’t make money in a recession.

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6 Comments leave one →
  1. October 13, 2008 10:24 am

    hahaha, and TOTO 🙂

    Yup. Imagine a chain of shops selling booze, happy pills and TOTO under one roof. That’s for the men. I wonder what the women need.

  2. LC Teh permalink
    October 13, 2008 11:37 am

    I heard this story related to my daughter by her friend working in S’pore. It’s about a Singaporean taxi driver who thought he had his worst day last Friday Oct 10th. But it seems others had it worse.

    1 fare he picked up didn’t know where he wanted to go.

    Another one got into his taxi and started crying when he asked him where his destination was.

    And one couldn’t even pay for the trip with cash. He took out his credit cards. One by one they were rejected, until the last one was finally accepted.

    More will be selling apples soon?

    Not surprising. Underneath that veneer of superconfidence lies great insecurity, even in good times.

  3. angeles permalink
    October 13, 2008 12:29 pm

    women need sex.

    oops!! that’s for men too 😛

    Ok. A chain of shops selling booze, happy pills, TOTO, and you-know-what under one roof. Something for everyone. Yay!

  4. October 14, 2008 11:47 am

    Personally, is recession all that bad? IMHO. it’s time for everyone to take a breather and slow down and contemplate on the finer things of life.

    Recession comes from the root word ‘recess’ (I think). Like in school, you can’t be studying without a break. I tend to feel recess is like ‘time-out’. The economy can’t take the strain of such rapid growth and a Recess-ion helps it take a breather and gather strength.

    Rgds

    As a mechanism to de-stress us, yeah that makes sense. If we’ve invested on fundamentals, then we should be able to sleep at night. If we’ve gambled on rumors and recklessly put all our life savings on the table, a recession can be a nightmare.

  5. October 14, 2008 11:52 am

    IMHO, recession basically means a “recess” as in ‘time-out’. Instead of depleting our natural resources faster and generating vasts amounts of wastage through over consumption and gluttony, people will have a chance to slow down and take a break.

    The only troubling part about recession is the ruthlessness of MNCs is shedding off their work-force thoughtlessly without any concerns of their employees. In their code of conduct usually have something along the lines of ‘We care for the welfare of our employees’. Yet, for most: the moment Recess-ion comes, a large no. of employees get the boot.

    Rgds

    Yeah, thats the irony. Companies want staff loyalty but when the going gets tough, they have no problems giving you a retrenchment letter. I hear relationships work the same way too, hehe. 🙂

    By the way I don’t know why my Akismet anti-spam filter got super-active and flagged your comments as spam. It did the same thing to a few other commemters. I have to manually de-spam them. Sorry there was a delay in the comments appearing.

  6. sonic permalink
    October 14, 2008 8:52 pm

    @Avatar:
    IMHO, recession basically means a “recess” as in ‘time-out’.

    The root word of recession is recede, meaning to decline, diminish, dwindle, fade, lessen, regress, shrink, sink or wane.

    These are not definitely NOT the kind of situations which you want yourself or the economy to be in!

    Being optimistic is good, having blinders on is not!

    Markets go into self correction every now and then. Bubbles will burst so terms notwithstanding, it’ll happen one way or another. As I see it, contraction presents an opportunity to buy cheap. Good and bad is relative in my opinion.

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