Sunday 1 February 2009

Recession Is...

... finding 483 vacant carpark lots at noon in Mid-Valley on a Sunday.

Initially, we thought the digital signboard might have malfunctioned (I always wondered how they got the numbers since the carpark lots are not tagged, unlike in Singapore), but the truth bore out when we entered the basement carpark. We got a lot next to the carpark lobby.

Lol, we do not need the economists to give us leading or lagging indicators. Like what my former boss from OCBC used to say, just look out over the Keppel Shipyard from one of the highrise buildings at Shenton Way in Singapore and view the stacks of containers there. During the good times, the place will be stacked high with containers. No prize for guessing how it is nowadays.

Bleak, bleak, bleak....

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