Singapore is facing a technical recession and some people are starting to say things like 'I hope for a recession so that I can buy more stocks/properties/cars on the cheap'. That is being insensitive. There are workers who depend on their jobs to put food on the table. They are living from hand to mouth. They will be in dire straits if they are retrenched. Saying out loud that you are wishing for a recession so that you can benefit from it is just plain insensitive. Don't get me wrong. Economically speaking, corrections are healthy and recessions are actually necessary in a capitalistic world. They do happen within intervals of a few years. In fact, they are inevitable. However, we do not need to go around trumpeting that we want a recession. I admit that I also wish to buy stocks at fire-sale prices but I do not talk about recession ......