The financial markets, energy prices and real estate prices are soaring.Is the actual economy recovering?
Someone once said that you can't tell that Singapore is going through a recession because the central shopping districts are always packed with people.
Here at Fresh Brainz, we know that downtown malls are frequented by the rich and thus are not representative of the state of the economy in general.
Moreover, we have long realized that window shopping is free and thus you can't assume that everything is normal-normal simply because there are lots of people (penniless? heavily in debt?) walking around.
To know what is going on, you have to open your eyes and actually look at how the retailers are doing...
5 Comments:
And I thought this was going to be another photography entry...
Anyway, you can't prove anything! Those pictures may have been taken on a public holiday! I demand better evidence!
As you can see, the surrounding shops are open. Moreover people don't usually move out all their shop furniture when they go on holidays...
Recession, what recession?
Growth is up! Production is higher! The Chocolate ration was increased by 25% this quarter!
Stand Up! Sit Down! 2 + 2 = 5!
AH
Hi AH, thanks for dropping by.
I think that the quiet before a storm isn't totally quiet, there are usually some signs; wind blows and grass rustles. It's just that the storm itself is so much louder.
I want to quote your post in my blog. It can?
And you et an account on Twitter?
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