Singapore is actually a pretty good place to be live

eagle SG

However nobody, even real economic guru knew tis crisis is coming and it is so big, so prolonged and so sudden. Even mega economic experts and guru working in the big banks in USA cannot control or predict tis crisis. To me, it is a genuine mistake made and it is gonna cost PAP popularity and votes.

http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008

The initial liquidity crisis can in hindsight be seen to have resulted from the incipient subprime mortgage crisis, with the first alarm bells being rung by the 2006 HSBC results. The crisis was widely predicted by a number of economic experts and other observers, but it proved impossible to convince responsible parties such as the Board of Governors of the Federal Reserve of the need for action.

And from long term observations, economy occurs in cycles as well.

http://www.abc.net.au/rn/counterpoint/stories/2008/2296549.htm

stupidissmart SG

tat is true but all the bank with all their economic experts carry on business as usual from 2006 and 2007 early months is a booming period. If economy goes in cycles, then perhaps in a few years time the temasek investments may reap profits instead.

eagle SG

Buying correct businesses during recession is the correct thing to do to reap profits in a few years time, but not buying businesses that collapse.

charlize SG

Let history be the judge of these investments.

Whether they will make money in 10, 20, 50 year's time, is anybody's guess.

But when and if they do turn into a profit later, one must never forget those failed investments.

No point making a profit of 1 million in your current investments while looking back at 100 million dollars of realised losses in companies that don't exist anymore.

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