#218 ‘fear n fear’

Now that the euphoria over the US election is over, will the real face of Wall Street surface? I like the way John McCain concedes his loss to Barack Obama on presidency. During the campaign there were times when both parties hurled sharp words but eventually the voters’ rights, supreme. McCain returns to his congenial self bowing out to congratulate Obama [...]

#209 learning to live within one’s means

Man has short memory indeed! The last recession was about 6 years ago here in Singapore? Have we picked up since then? Or are we gliding further? Up a little and slide further? Have we learnt our lessons since? Recession, panic selling in the stock market, credit crunch gale force sweeping Europe might be blessing in [...]

#208 retrenchments and wage cuts

Singaporeans are forewarned there will be retrenchments and wage cuts during this recession. Who are the ones to be retrenched? Will those in the 50s of age bracket be the first to go? The rationale that the older ones are higher wage earner…but the new intake start with higher starting pay without experience! What about rents [...]

#145 economic recession?

Subprime, credit crunch and inflation: will these bring the world to a recession soon? Finally the leaders are acknowledging that the US economy is experiencing recession! Will US economic recession affect the rest of the world? Can the Asian economy correct or counteract this initial US recession?