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> Economy going down

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Babablacksheep
post Jul 3 2013, 10:40 PM

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Shopping malls and high end restaurants still doing quite well in KL.

Gold price crashed, but GOLDsmiths sales boost up 50%.

Still a lot of people queue up to buy medium high range properties (until need to ballot)
Babablacksheep
post Jul 3 2013, 10:55 PM

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QUOTE(ash tray @ Jul 3 2013, 10:43 PM)
anyone who been through the 1997 crash can attest to the fact that high end restaurants and shopping malls were among the first to suffer during an economic downturn

without excess money ppl won't go eat in expensive restaurants

when the money become tight, ppl will tighten their belts and will think of ways to save money

we do not know how bad this economic downturn will be, but many business people are starting to prepare, for the worst
*
This is not economic downturn yet.
We are currently in economic turbulence, where volatility is here and there.

Business wise, risk is always there.
Bulls make money, Bears make money, only pigs get slaughtered.

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