The big news now is with Obama government accusing China of currency manipulation, this will lead to massive trade dispute as American protectionism rises
Both sides will lose big. China will sell off US debt in the hundreds of billions and US economy will sink into deeper hole. China will have massive social problems too
Singapore will be the worst hit because we are so dependent on trade and also position to serve the two giant markets. Our trade is 4 times GDP, Imagine trade drops 20%, economy gone case. Already PSA cranes 50% mari kita
Singapore's future is very bleak. That s why govenrment no choice use past reserves. The new era is different.
Prepare to eat tapioca and sweet potato in the years to come
One word to describe future: 残
Both sides will lose big. China will sell off US debt in the hundreds of billions and US economy will sink into deeper hole. China will have massive social problems too
Singapore will be the worst hit because we are so dependent on trade and also position to serve the two giant markets. Our trade is 4 times GDP, Imagine trade drops 20%, economy gone case. Already PSA cranes 50% mari kita
Singapore's future is very bleak. That s why govenrment no choice use past reserves. The new era is different.
Prepare to eat tapioca and sweet potato in the years to come
One word to describe future: 残