The ST Index has dropped below 2000 points.
Now that the psychological threshold has been broken...more hell will break loose in SG.
As it is, Europe, US, Japan are all flailing....stock markets are going haywire...and people are scrambling... I think even the Thailand & Indonesia stock exachanges have stopped trading.
SG is already in a recession but the first to feel it will be those in the financial sector.
It hasn't really filtered down to the retailer/consumer levels yet.
But soon it will, soon it will.
It's been 6 years since the last recession.
I'm somehow glad I'm a civial servant and managed to enjoy some form of good bonus last year.
There might be no next bonus...who knows.
And oh well, for those woh graduated in 2006 & 2007, lucky for them for those were booming years...
No comments:
Post a Comment