Monday 13 January 2014

Singapore Bubble ?

Is Singapore heading for an economic melt-down like Iceland not so long ago ?

I was in Singapore less than 2 years ago. Its a really impressive city. Everything is modern, neat and tidy and runs like clock work. From the carpeted airport right down to the city streets and markets. Every creature comfort you can think of.

(Source: Pinterest Asia Expat Guides)

There are a (disproportionate?) noticeable high number of luxury vehicles on the streets. Various luxury hotels.  ( I stayed in one of these hotels (which shall remain anonymous) close to the Long Bar - I thought the service was pathetic .. but that is a story for a different day)

Behind this modern facade all might not not be well. Some experts think that an economic bubble might may be lurking in the background. +Jesse Colombo, a Forbes journalist and expert on bubbles gives his opinion - read here: http://www.forbes.com/sites/jessecolombo/2014/01/13/why-singapores-economy-is-heading-for-an-iceland-style-meltdown/

What do you think ?


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