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"...
Business associations
Business associations, like the Singapore Business Federation (SBF), Singapore Chinese Chamber of Commerce and Industry (SCCCI), the Singapore branches of the American Chamber of Commerce and the European Chamber of Commerce - although always low key and out of the spotlight, nonetheless exert overwhelming influence on our government...
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