Oracle (quote): "I chuckled at Ng Ya Ken’s vain attempt in - TopicsExpress

Oracle (quote): "I chuckled at Ng Ya Ken’s vain attempt in explaining text book economic theory. To a discerning economic trained chap, S’pore GDP numbers does not reflect the true extent of the real economy in S’pore. S’pore growth pillars have long been dismantled – witnessed the permanent joblessness of the above 40s. They have long exited the unemployment numbers. Cost of living inflation & rampant asset inflation affirms the inflationary part of STAGFLATION. Ng Ya Ken’s letter is either a naive wannabe economist or worse, a scripted propaganda reply from official sources. It parrots & reeks too much of what the govt has been expousing so far. You can fool some but you can’t fool everyone. Pathetic!"

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