{"id":1445306,"date":"2020-10-08T08:30:50","date_gmt":"2020-10-08T00:30:50","guid":{"rendered":"https:\/\/thefinance.sg\/?p=1445306"},"modified":"2020-10-08T08:42:36","modified_gmt":"2020-10-08T00:42:36","slug":"smart-thought-of-the-week-recession","status":"publish","type":"post","link":"https:\/\/thefinance.sg\/2020\/10\/08\/smart-thought-of-the-week-recession\/","title":{"rendered":"Smart Thought Of The Week: Recession"},"content":{"rendered":"<p>John F Kennedy\u2019s said in his 1961 presidential inaugural speech: \u201c<em>Ask not what your country can do for you \u2013 ask what you can do for your country.\u201d<\/em><\/p>\n<p>At that time, he urged every American to contribute in some way to the public good. Our job today is to try and do our part to revive our economies. Some of us might ask \u2013 and rightly so \u2013 what mere mortals like us can do that could possibly make a difference.<\/p>\n<p>It\u2019s true. As individuals our contribution is limited. But as a collective, our contributions could be immense. Let\u2019s not forget that together we drive household consumption, which is one of the most powerful levers of economic growth.<\/p>\n<p>Worryingly, many of us are reluctant to spend. And whilst that is understandable, it is also irrational. In a\u00a0<a href=\"https:\/\/www.channelnewsasia.com\/news\/commentary\/spend-more-save-economy-covid-19-government-consumers-investment-13165554\">recent commentary<\/a> on CNA, I pointed out that governments, central banks and even the private sector<\/p>\n","protected":false},"excerpt":{"rendered":"<p>John F Kennedy\u2019s said in his 1961 presidential inaugural speech: \u201cAsk not what your country can do for you \u2013 ask what you can do for your country.\u201d At that time, he urged every American to contribute in some way to the public good. Our job today is to try and do our part to [&hellip;]<\/p>\n","protected":false},"author":549,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[128],"tags":[],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/1445306"}],"collection":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/users\/549"}],"replies":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/comments?post=1445306"}],"version-history":[{"count":0,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/1445306\/revisions"}],"wp:attachment":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/media?parent=1445306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/categories?post=1445306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/tags?post=1445306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}