No choice but to be prudent. I thought it is daring for people
to commit to a $600k to $700k HDB... I suppose they don't think
they will ever lose their job.
I just read that the Keidanren group in Japan is urging its 1632
corporate members to ask staff to spend more time at home with
family.
I suppose Japan is slowing down because US/Europe is slowing
down. Then some part of China (which depends on Japan) should slow
down.
This slow down means probably people will buy less from
Singapore. If even rich countries do not want to spend money I
better watch my own wallet....
In the USA, the prices are falling fast. Soon
they will not need to buy from "cheap countries" and coolie
economies like Singapore will suffer.... unless these coolie
economies also follow suit and become even
cheaper.
In order for that to happen, the
price of everything will have to fall (or the currency weaken much
more) and therefore the way to go is to STOP spending in Singapore
and send ALL your extra money overseas (you will still have lots of
Singapore dollars in the CPF for example) and your Singapore assets
are priced in Singapore dollars.
It is inevitable that prices will
fall and the currency will weaken.
So if you are smart, you will stop
spending and send your money overseas.
..and do all your friends a favour, send them the
email...