No doubt this is the best time to spend to boost the economy and
to hunt for bargains as prices are cheap now compare to boom time
in Singapore.If you wish to buy a car, the COEs are low, properties
are at its lowest, stocks and shares are at good bargains!
But the kiasu and kiasi Singaporeans are learning from their
grandfathers and they are buying some stocking up perishables foods
at a time when the US is only after the terrorists and it's not
even third world war or a major conflicts! The whole world may
laugh at how Singaporeans react, of storing up food stuff at this
time when there is not even a famine or a major natural disaster!
Now just ask yourself how much food stuff you can store up and how
much you can save even if prices shoot up 10%? It's highly unlikely
that prices will shoot up when fuel prices are on the decline, and
it's the sucker petrol stations that are sucking up your money, and
not food!
You should consider yourself lucky to be in Singapore as the best
foods worldwide are flooding to Singapore because of the strong
currency Singapore has and Singaporeans can afford to pay a better
price than any other poorer nations, so those cash strap nations
are exporting their best of their best to Singapore and they
themselves consume the not-so-good stuff left behind! So are you
still worrying for shortage of food when there is not even a
natural disaster which wipe off food supplies worldwide. That age
old thinking of storing up food is a stone age mentality, and how
much you can really store unless you want to turn your dwelling
place into a mini supermart!