Originally from Tan Kia Liang blog
puzzlebird: I also took taxi today in the morning to town area. It appears to me that road is less crowded especially at 8:30am. Is it because ERP works? I talked with taxi driver and he concurred withy observation. Is it a encoding slow down? If a taxi driver start to feel the pain, what does that mean?
I met a property agent who markets the commercial space in Midview City. He told me that the property market has slowed down somewhat.
When I drove to office and returned home yesterday, I saw that the road was rather empty, which was unusual. I asked my colleague if there was some special reason, e.g. a festival, but he could not think of any. He did agree that the road was not crowded.
I went for a haircut today, and the barber’s shop was empty. The barber told me that it was after the lunar new year. Strange, I though that the new year was more than a month ago.
I read that Singapore Airlines is reducing its cargo capacity by 20% due to lack of demand.
All these are signs of a possible slowing down of the economy. Any observations to share?