Since the collaspe of Lehman Brothers, stock markets around the world has nose dive. Then came the uncertainties of AIG which was reported to be in financial trouble, then in Hong Kong where there were rumours of Bank of East Asia collasping. Many analyst has said that this is the worst stock market crash since 1929 Great Depression. Worst still, Singapore’s 2008 GDP has been revised downwards…
Today’s Sunday Times ran a 4 page article on how Singaporeans are beginning to tighten their belts for the rainy days and how bankers are feeling pinch by having smaller or even no bonus this year… I just hope the bad times will be over soon, cause the good times just lasted so shortly!
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