This is an emergency write up for everyone, does anyone of you take notice of the US market, I been on and off it for a while and I long believe it has sink into recession. During the war with Iraq, the amount of money spent on producing weapons and supplying the army already causes the country to run on deficit. Unless they make use of Iraq’s Oil quickly to their benefits, where on earth are they going to come up with 700 billion dollars?
The world is round, so is businesses, it’s all thanks to the generosity of US consumers that we in Singapore can run businesses, manufacture products to be exported to them. They mostly live on credit I presume or else how do they afford luxuries which were not known to 3rd world countries. Guys do let me know whether you agree with me, is it not because they overspend and they run out of a job suddenly, were they unable to pay their mortgages otherwise all will still be peaceful. Continuing to pay on time to the banks which will also continue to pay fat bonuses for their top bankers?
In another light, if the US does not consume these products who on earth are we going to export our products to? I guess it’s a pretty vicious cycle; we need their spending power to propel our economy in a way.
In conclusion, why not just spend wisely for now, if you do have a huge cash reserve it could be around time to spurge on investment products or buying a few properties. When the market gets better again you can make your profits than.
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2 comments:
that's what we all learn in school, enter e market when it's bad n hold.
I guess it will take courage and a calculated risk before going ahead with any investment.
As for insurance, it's definitely important, it's part and parcel of coverage in life. will update more about investment for my next entry
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