Market Review and Trends
Wage slaves should be fearful.
By A Singaporean Stockmarket Investor (ASSI)  •  September 3, 2011
I had a conversation with someone who said he is living hand to mouth and that he is somewhat worried with how things are developing in the world now.
Source: Bloomberg.
The Eurozone debt crisis, the persistently high unemployment in the USA, the political instability in the Middle East and the credit tightening in China seem like a recessionary cocktail.
Although Asia is where we find economic growth these days and it explains why people are flocking here as they look for better opportunities, if a global recession should transpire, Singapore is unlikely to be spared. In fact, we are likely to suffer more than others due to our very open economy which is highly dependent on external demand. Many are likely to lose their jobs in such a situation. So, my friend is right to be fearful if he was indeed living hand to mouth. If he should become unemployed, he would be ......
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By A Singaporean Stockmarket Investor (ASSI)
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