maybe MM lee would like to stick to the view of world renowned
economist such as marc faber, roubini lor. they predict we are not
out of the most servere recession since the great depression.
actually the govt should have lotsa information before they make
such a comments. EDB might feedback that alot of company are
planning on cutting back on investment, NTUC been inform in advance
of possibility retrenchment. and survey conducted that SME, MNC
would cut staff if not stop hiring.
If US dont come out of recession, singapore has no chance of
recovery. the current optimism in stock market and economy are
because of the result of govt stimulus package across the world.
but the jobless rate is still increasing. what happen if stimulus
stops, and jobless rate still show no sign of recovery.
however no one know whether the reovery is a V shape or W
shape.
the current rally is simply a cash influx from sovern wealth fund
as they are hungry for a upswing. If you are a investor u would
know that currently the stock market index is ahead of the actual
market by 30 to 40%. Do u honestly think they learned their
lesson?
