Education during the Financial crisis

The impact of the current financial crisis is very real.

Huge companies crashed, the stock markets tanked, major car makers in US looking for govt help (even Toyota sliced jobs!), COE dived, Commodities - the darling of the season slide, oil prices at all time low, spending reduced, loans are harder to get.

By the Grace of God, I am generally out of the market and can afford to watch how the crisis unfold. I am taking time to educate myself about the financial crisis so that I can side-step any obvious landmine.

There are many points of view about what to do in this crisis. Many compared it to the Great Depression in the 1930's where the impact will be depression and deflation. Our PM said in a latest interview that he does not think that deflation is on the cards, the economy will recover in about 3 quarters and then followed by a long period of slow growth. When compared to the other predictions out there, this is a good scanario and I wish that this is the outcome for Singapore.

Follow this link to an article discussing the prospect of depression and deflation. An interesting read but anybody's guess.