What's your outlook on the Economy for the next 6 Months?

[kim_pioneer]

Just doing a survey on the views of the economy among fellow forumers.

On a scale of 1 to 10, with 1 being the most pessimistic and 10 being most optimistic, pls rate our local economy for the next 6 months

You can base your assessment on: unemployment rate, stock market performance, pay rise/cut and increase/decrease of starting pay

POLL:

1) kim_pioneer: 4
2)
3)
4)
5)
6)

 

[mrericlee]

Re: What's your outlook on the Economy for the next 6 Months?

Just doing a survey on the views of the economy among fellow forumers.

On a scale of 1 to 10, with 1 being the most pessimistic and 10 being most optimistic, pls rate our local economy for the next 6 months

You can base your assessment on: unemployment rate, stock market performance, pay rise/cut and increase/decrease of starting pay

POLL:

1) kim_pioneer: 4
2) mrericlee: 7
3)
4)
5)
6)

 

[kenntona]

Re: What's your outlook on the Economy for the next 6 Months?

I cannot put in on a scalar basis, given the lack of reference point, but I would reckon we will be back to 2004-5 levels. That means 2010-2011 will be back to high growth momentum again...... This assumes that US can sustain its deficit and will not spiral into a sovereign credit crisis.....

 

[XorcismX]

Re: What's your outlook on the Economy for the next 6 Months?

LOL base on how much pocket money my daddy is giving me
i guess it will be a 6 for me
HAHAH

POLL:

1) kim_pioneer: 4
2) mrericlee: 7
3) XorcismX : 6
4)
5)
6)

 

[iScoupe]

Re: What's your outlook on the Economy for the next 6 Months?

I cannot put in on a scalar basis, given the lack of reference point, but I would reckon we will be back to 2004-5 levels. That means 2010-2011 will be back to high growth momentum again...... This assumes that US can sustain its deficit and will not spiral into a sovereign credit crisis.....

i think not so soon... but definitely picking up, last week Terry & the gang just back to "3 level" only.

also looking at the property bubble, petrol price & COE, think got chance crisis is over :roll:

 

[Blitzer]

Re: What's your outlook on the Economy for the next 6 Months?

I'm on '3'

We are closer than we were six months ago to the end of the worst financial crisis since the Great Depression and worst global recession in decades. But the road ahead will be very rough and bumpy: the recession in advanced economies will continue through year end, the recovery will be very anemic and well below trend, the risks of a double dip W-shaped recession are rising and the growth recovery of emerging market economies will be constrained by the weakness of advanced economies. These downside risks will imply volatile times ahead for financial markets: the lows of March will not be tested as they were associated with the risk of a near depression but a meaningful correction in a variety of risky assets is likely.

Why then has the market gone up so much? Simply liquidity. The US has been pumping in amazing volumes of liquidity into the system and when there is a lot of money in the whole system, it goes straight to the more speculative aspects of business - stocks/ options etc. Easy money going after easy profits. As u can see, there is very little investment in hard quantifyable business. Investments in plants and machinery is lackadaisical. Why? because of lack of demand. period.

The whole global economy was popping the champagne along the steep uphill rush to asset inflation, only to have water thrown in their faces when the rollor coaster ride headed south. We are now in the midst of the wild ride... wild gyrations in market upswings and downswings.

So what best to do? SCALP. Day-trade. Unless you have the stomach to take in wide valuations (a lot of rich bros here can afford to go long for a long time); the next 6 months will be choppy.

The dust & rubbish has been swept under the carpet and and party hats and celebrations have been quickly brought out. It'll only be a matter of time when the shit hits the fan again..

My pang-sai tang will be ready