Singapore Set To Slump For Sure

How bad is bad? Well, my US Opportunities Fund has deteriorated to less than 28% its value since I invested, which means a paper loss of 72%, and other equities have since dropped in value by 41% and is unlikely to recover from its value pre-October 2008 in the coming year at least. Meanwhile, even real estate values have dropped as much as 25-30%, and all this while the Singapore dollar strengthens against regional currencies. That might stem inflation in the short term but we are going to see a drop in consumption (especially if this is driven by foreign arrivals) and employment (which will likely surpass 5-6% out of work by year end). So, whether or not we will have an exciting General Elections, at the end of the day, we are just going to see things just slump into what might be the worst ever crisis. How do we get around this? I can only imagine the sort of politics that might be rife in the workplace as folks get to the knife to save their own skin! Good luck to those at risk. I am lucky to have gotten out of the fight early and can only pray for those folks who serve that coup de grace. My reflection on that next...