Thinking in Binary
Some people only think in binary form and sometimes it is rather dangerous to do so. Some even have this radical views that one size can fit all. While I believe in Democracy, particularly Democratic Socialism and I pursue this to be implemented and applied to Singapore, but I don't think I have any right to impose my ideas...
Why the USD did not collapse yet
The US Fed increased interest rate sharply from 0.25% at the start of 2022 to the current rate of 2.5%. It is expected to increase the rate by another 0.75% later this month. The US government is in a large deficit. It reached a total of $31 trillion in August 2022. Many analysts calculated that the increase in interest rate...
Singapore economy shrank 0.2% quarter on quarter
These news reports came out 11th to 12th of August 2022. Ever since this negative GDP news came up, the government would be trying to avoid a technical recession as the next quarter if it's negative, it's a technical recession. The only way looking from 2005 to present 2022 the PAP government, knows how to "grow the economy"...
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