I noticed fewer clients coming in during this period. An adviser told me a few clients have canceled their appointments coming in.
This Coronavirus feels like a seriously big hit to the businesses depending on local and overseas consumption, as well as certain services.
Singapore’s economy is likely to report some really shitty numbers. Singapore is a very open economy. We depend on the export and other countries buying what we created.
The way to alleviate this problem is to have adequate human isolation for a period. This killed not just exports but also local commerce.
I was commenting to Caveman that market prices seem to have discounted this period as a short term event and not of material consequence. There is no way the supply chain of the world are not affected in any way. Caveman shared with me that those small-medium enterprises will be cham...