Not important enough, because S$50 million from City Harvest
Church is what can feed tens of thousands of pioneer generations
that buy rice from NTUC or Giant. A technical recession is hardly
the problem here in Singapore because if a recession is here, spend
more time at a temple or a mosque then.
Ever since Lehmann Brothers, the economic boom has practically
been driven entirely by a pseudo optimism about China economy. In
other words, the boom happened because of people that neither
believed in Jews nor democracy, so the moment the boom ends and we
go back to recession [which was where we came from since 2008] we
simply see China going back to being communist. And all this while
the USA has been involved with the British in the Afghanistan War
that barely ended over the past 14-15 years. If we go by a Western
i.e. MIT definition of technical recession, what they are trying to
tell you is that the American banks are going bust again perhaps.
So if you work at Citibank or Standard Chartered, or are graduating
soon and finding work in such a westernised commercial firm, well,
be prudent perhaps.
Now the industry may be the same, however there is a difference
between the China Bank and the Royal Bank of Scotland. If you are
already a financial expert I can skip the details.
:) If you believe in those numbers from Department of
Statistics, Singapore practically stayed in pseudo stagnancy over
these years since the last recession, our economy grew because
Prime Minister Lee Hsien Loong put His rank and name beside two
integrated resorts that His Jew-advocate colleague Denise Phua said
was causing social problems.
If we didn't have those casinos and hotels, and consequently all
those new inventions including MSF, we wouldn't even be considered
to have recovered from the Lehmann Brothers recession because the
Chinese tourists till hookers wouldn't even have been coming at
all, so instead of asking about the technical recession, ask
yourself do you still want those PRC hookers and tourists, or
not?
Because if your Asian tourist cuts down their budget, you got a
whole bunch of people coming through Bio and Life Sciences over the
past decade, so you gotta ask yourself how many new spectacles do
you need, or are you willing to lose a leg here and an arm there so
that you can keep them economically busy by inventing artificial
limbs as a key line of business for our economy because our
healthcare system can still absorb loads of sick people now that Ng
Teng Fong Hospital also gets running.