Loved watching this video. So natural.
Tuesday, September 20, 2011
Monday, September 19, 2011
Where is Singapore Economy heading?
Stupid question, with obvious answer. Our finance minister said that the economy is slowing down. Possibly we will be faced with a recession. A double dip recession.
What was the solution? Let Singdollar depreciate. Those who follow the currency, will have noted that at the beginning of September, US$1 was trading for S$1.20. Today, it is US$1 to about US$1.26. By weakening the Singdollar, it is hoped that it will boost exports. But will it?
For exports to grow, there must be increased consumption. We can leave US & Europe out of the equation. Where else? Africa? Middle East? I don't know. I don't think keeping the S$ low will save jobs. On the other hand, weaker S$ will mean imports will become more expensive. This will lead to higher costs. We will be hit by double whammy. Recession; possibly loss of jobs. And higher prices for food and other essentials. Just be prepared.
Other side effects - with the weaker S$, our properties will begin to look attractive to foreigners. I expect a flood of foreign investors (Or rather, speculators) will pluck our properties. I hope China and Indonesia also get hit, then we will get a chance to get private properties at a bargain.
What can we do? I believe gold and silver will continue to climb higher in US$ terms, and S$ weakening against the US$, its double the profits.
Good luck.
What was the solution? Let Singdollar depreciate. Those who follow the currency, will have noted that at the beginning of September, US$1 was trading for S$1.20. Today, it is US$1 to about US$1.26. By weakening the Singdollar, it is hoped that it will boost exports. But will it?
For exports to grow, there must be increased consumption. We can leave US & Europe out of the equation. Where else? Africa? Middle East? I don't know. I don't think keeping the S$ low will save jobs. On the other hand, weaker S$ will mean imports will become more expensive. This will lead to higher costs. We will be hit by double whammy. Recession; possibly loss of jobs. And higher prices for food and other essentials. Just be prepared.
Other side effects - with the weaker S$, our properties will begin to look attractive to foreigners. I expect a flood of foreign investors (Or rather, speculators) will pluck our properties. I hope China and Indonesia also get hit, then we will get a chance to get private properties at a bargain.
What can we do? I believe gold and silver will continue to climb higher in US$ terms, and S$ weakening against the US$, its double the profits.
Good luck.
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