atans1

2008 all over again?

In Economy on 22/11/2011 at 6:01 am

Business sentiment is worse now than on the eve of the financial crisis in 2008, according to The Economist/FT survey of over 1,500 senior executives conducted by the Economist Intelligence Unit.

http://www.economist.com/blogs/dailychart/2011/11/global-business-barometer

And in the UK last week, sterling London Interbank  Rates (LIBOR) reached their 2009 levels.

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  1. It might be worse. We might be entering the age of deleveraging, deflation, negative economic growth?

    Unless some invention, some productivity improvement that makes incredible changes to life comes along.

  2. No worries lah. STI *still* above 2000.Golden Age coming up. Buy more properties. Rent them out. Another 2 million foreigners coming in. Sure won’t lose.

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