[caption id="attachment_3414" align="alignright" width="150" caption="Photo by Puss.In.The.Hood"][/caption]
There is a disparity between what I see and what the people in power are saying to us. It seems like we're in the midst of a major recession not seen since the great depression. The major economies are in trouble, banks had collapsed, inflation and worse - stagflation is looming, GDP is contracting, unemployment is rising, wage freeze wage cut...these are headlines of what I read in the newspaper. However, the reality seems to be far from the picture.
I see people queuing up for property so as not to miss the opportunity to invest during 'recessionary' times. I see many people buying cars. I see penny stocks occupying the top volume of sgx charts and those ultra pennies are in fashion once again. I see people who are not interested in stocks suddenly becoming interested in it and scolding others for being 'old-fashioned' by putting money in savings accounts.
What do I make of this? I don't know. Read more...