On the eve of the public holiday - Deepavali, I took leave today. It feels good to be relaxing on a Monday. I decided to continue where I left behind. In my earlier post, I discussed about the current situation of Singapore economy based on an informal survey, gathered from my own experience as well as collected during chit chat sessions with friends, relatives, business associates across various industries in this country. Since the world is getting “smaller” today, it is inevitable that Singapore’s fate is also largely tied to global economy today. Therefore it is important for us to know what is going on in the world today. In particular, the economic outlook in both the world’s number one power (USA) and world’s number one emerging power (China), is of great importance to Singapore. Just like Professor Kishore Mahbubani, Dean of LKY school of public policy,......