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Originally posted by Fatum:
I think my friend the pimp would do pretty well too ....
he said he expects many more recruits into the business when recession hits .....
and he claims that infidelity shoots up in a recession ....
what do you guys think ? .....

Interesting. I can see a possible correlation between a recession and suicides. But infidelity? Hmmm...
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Originally posted by Fatum:
what would be a recession proof industry ? ... other than being a civil servant ? ...
a friend's looking at leaving his banking job to become a teacher ....
he reckons he better get into NIE now before the recession hits and he'd have to compete with hordes of other people ...

The pharmaceutical industry seems pretty recession-proof, for obvious reasons. Mutual funds whose portfolios feature significant investments in that industry have not fared too badly in the current market crisis.Edited to add: The civil service might be fairly recession-proof in Singapore, but state governments here, desperate to balance budgets, have been forced to lay off employees.
Edited by Meia Gisborn 15 Oct `08, 10:32PM
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Originally posted by kopiosatu:

the hut on the right is one of the resort chalets.

on the way out of the place

i don't have to go far to get a place that doesn't look like thailand
Wow! Very picturesque indeed!I take it, then, that, due to its remote location, the place caters mostly local tourists?
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Originally posted by the Bear:
coordinated action from the G7..
but.. i dunno.. can the market sustain the growth?
The credit market is currently virtually frozen, and the recent stock market correction might have swung too far in the opposite direction and actually undervalued some stocks. Once those two factors are corrected, we'll probably see a brief growth spurt as cash is freed up to take advantage of buying opportunities. But I doubt we'll be back up to where we were when the Dow was topping 14,000 points earlier this year.Just my guess.
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Originally posted by the Bear:
hey.. how's the market over that side?
things "recovered" over here.. i think it's just desperate bargain hunting
Stock futures here have been trading up, and that's usually a reliable indication of where stocks will be heading during the regular trading day.I'm predicting a day of wild gains on Wall Street today...
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Originally posted by udontknowme:
how do you rate the public transport system in wherever you are staying now?
do you think it's so much more convenient to get from one place to another in singapore?
The public transport network here in the Twin Cities actually does a pretty decent job of shuttling commuters around, if you happen to live conveniently close to a bus or light rail line. The trains and buses generally run on time if traffic isn't tied up due to a snowstorm or other adverse weather event.
I've been riding the bus to and from work for the past 8 years. The express bus operates from a park-and-ride lot about 4 miles from my house, and takes about 30 minutes to get into downtown St. Paul. Ridership has soared in recent months due to escalating gas prices, and the bus company has had to add capacity to the route.
I don't think it's fair comparing the public transport system in Singapore to those in other countries. For starters, a transport network in Singapore has a lot less area to cover.
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Originally posted by the Bear:
holeeeeee craponastick!!
but.. i thought the other day someone killed himself? or was that a banker?
Really? I wasn't aware of that. Wouldn't surprise me if that had already occurred, though. When the market crashed back in '29, stockbrokers were jumping out of windows of office highrises. That's a bit more difficult to do nowadays, what with skyscrapers having permanently sealed windows.
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