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Dude, where’s my recession?

July 7, 2009

On the local scene:

– Home auctions have tapered off.
– Store closures have eased.
– No more news of large-scale layoffs.
– I see lots of new cars on the road, mainly of the 1.3 – 1.6 variety.
– Many developers have resumed their construction activities.
– Food prices and movie ticket prices are staying up.
– Properties and rentals are still up
– Shopping malls are still full of people, even the new ones like Tropicana PJ.
– Fancy restaurants are still doing a roaring business.
– SES and KLSE aren’t doing too badly.
– And my friends are still buying new gadgets.

Hello, aren’t we supposed to be mired in the mother of all recessions?

A Wall Street-inspired armageddon to rival the 1930’s Great Depression and destined to change our economic system forever?

Or did we just see a case of overzealous reporting, like the swine flu thing?

(Okay I’m just saying like I see it in KL and Singapore. I haven’t seen what its like outside of urban areas.)

4 Comments leave one →
  1. July 7, 2009 2:15 pm

    recession over lah bro :p

    swine flu kept everyone going out of the country.

    Damn I must have missed the news. πŸ˜€

  2. July 8, 2009 8:24 am

    i think msia not as badly hit. damn, maybe i should quit my job now and start a biz before it’s too latE!

    Too late, you already got a new job. πŸ™‚ So, you still doing the same stuff as your previous co?

  3. July 8, 2009 8:24 am

    or maybe i shld jz save my money for Apple IMac :D~~~

    iMac? I’m splurging mine on donuts, hehe.

  4. July 8, 2009 12:45 pm

    Overzealous reporting it may be, or I think it’s over-speculating. But does it sound like some CEOs of certain big conglomerates are laughing all the way from the banks? Will they now tell us they managed to head off the mother of all economic disasters? And while we’re arguing about whether we should call it swine flu or H1N1, some big drug manufacturers are happily banking in their profits…

    Actually, before the big “crash” happened and even on the eve of the H1N1 breakout, there were already naysayers who claimed these were mere smoke and mirrors. The trouble was, these people were on the fringe so they were given the same credibiltiy as UFO reports. Even after being proven right, these whistleblowers are still not taken seriously which tells me one thing – we’re not getting any wiser from this.

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