05 Aug '11, 11pm

Recession Looms ...: Diary Of A Singapore Mind

About a year ago, I wrote about the dire warnings of ecnomist, Warburton who wrote the book "Debt in Delusion"[my earlier article here ] in 2000 about the growing problem of govt debt and the illusion of wealth created by the debt. The book has been prophetic and foresaw the "end game" of govt trying to solve the debt problem by printing money leading ultimately ti catastrophic economic consequences. Today we are seeing a slowdown in the global economy and appear to be on the verge of new recession. The slowdown comes after trillions of dollars was spent by govts trying to stimulate the economy which added to the debt of many govts. The trillions sent should have produced quick and strong recovery but sometime towards the end of 2010 the recovery lost momentum and we started seeing a slowdown. There are serious structural issues and imbalances that have not been addressed....

Full article: http://singaporemind.blogspot.com/2011/08/recession-looms...

Tweets

Asian stocks dive amid recession fears

Asian stocks dive amid recession fears

channelnewsasia.com 05 Aug '11, 10am

HONG KONG - Asian stock markets plummeted on Friday following carnage in the US and European markets over fears the world ...

Asia markets tumble amid recession fears

Asia markets tumble amid recession fears

channelnewsasia.com 05 Aug '11, 1am

HONG KONG: Asian stock markets tumbled in early trade on Friday following the fall in the US and European markets amid fea...

"Users don't mind fare rise if service quality goes up" HAHAHA not gonna get fooled again

"Users don't mind fare rise if service quality ...

channelnewsasia.com 05 Aug '11, 1pm

SINGAPORE: Some public transport commuters say they do not mind fare increases so long as the quality of service goes up. ...

Tokyo shares plunge more than 4% in early trade after sharp sell-off on US and European markets

Tokyo shares plunge more than 4% in early trade...

straitstimes.com 05 Aug '11, 12am

Pedestrians are reflected on a stock index board outside a brokerage in Tokyo. -- PHOTO: REUTERS HONG KONG - ASIAN stock m...

Singapore may be heading for technical recession - Channel NewsAsia #TEAMFOLLOWBACK

Singapore may be heading for technical recessio...

channelnewsasia.com 08 Aug '11, 1pm

SINGAPORE: Singapore has revised down its full-year economic growth forecast for this year amid renewed turbulence in the ...

paris photo diary

fashiontoast.com 04 Aug '11, 6am

ha, it's like the Eiffel Tower wasn't even meant to be in those shots - it just rocked up to join in on the fun and be in ...

Are we heading for another recession which 'can...

temasekreview.com 07 Aug '11, 9am

Finance Minister Tharman Shanmugaratnam has warned Singaporeans of a tough going in the next three to four years with slow...

Latest diary entry!

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