First of all, we read of the travel firm, Asia-Euro’s shutting down. Then we heard of the saga of the lady behind what is called the “$60 million Ponzi scam”. Next, we heard that a fitness firm, Sky Fitness has also shut its doors. I would not have been surprised if it was just one incident but this was string of two businesses and what seemed to me, an informal business operation closing down, right here in Singapore. While the three cases are under police investigations currently, I think they could revolve around cash-flow matters. It is widely believed that the US Federal Reserves will increase its interest rates and when interest rates rise, property buyers who have been leveraging or over-leveraging on low interest rates may feel the “pressure” on their wallets. It is also thought that higher interest rates will not bode well for Reits in Singapore stocks ......