Economy going down
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 Jul 5 2013, 07:44 AM
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#1
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites   
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world economies
Main economies US, EU block, UK, Japan, Korea, China, Supporting main economies (3rd world countries, natural resources) SE asia, Brazil, India, Australia if china slows down we will eat dirt. even palm oil price can drop |
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Jul 5 2013, 08:00 AM
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#2
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(ash tray @ Jul 4 2013, 12:11 AM) the so-called 'service sector' is but a sandiwara service sector can only survive in the long run when your price is low. america and europe are in deep shit because precisely they have evolved their societies into "service-sector-centric" who were the ones climbing up the ladder ? countries like korea, taiwan, and china countries which did not fall into the "service sector fallacy" it's manufacturing and innovation that keeps a society going forward not service sector after all, there are only so many insurance salesman you can have, or you will end up everybody selling everybody elses insurance policies  what happened was Globalization. I have a friend who opened a facebook page to help unemployed singaporean, and most of them is about 35 to 45 y/o range. sad stories man, most of them used to get high salary and now cant even get a SGD3k job. i remember that the west came out with 3D printer, lowest price about RM 100k, now can get as low as RM 3k from china. One china climbing up the ladder, the whole world feels it |
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