Optimists believed a “v-shaped” economic recovery was just around the corner, while others foresaw a slower “Nike swoosh” of a rebound. Those who believed the pain was here to stay, believed a “U” was most likely.
Seems the rebound is “K-shaped”, a swift fall followed by a big divide in fortunes. Some segments of the economy have recovered sharply, while others have continued to downtrend. Low-wage workers* suffering the most while asset values soa, is a problem that our multi-millionaire natural aristocrats (and other govts) have to solve. At least, they can look at their monthly CPF statements and smile.
From a recent DBS report, Uncle Leong (Remember him?) estimated that around 445,536 lower-income individuals (earning less than $3,000 per month) have had their salaries reduced by more than 50% because of Covid-19.
Thoughts of a Cynical Investor 
did uncle leong contest in the july ’20 ge ?
Have you got your big $$$$$ from covid???
I have.
Wuhan virus has generated multiples more $$$$$$ for me in 6 months than the entire 2 years of 2018 & 2019.
Even asshole young punk millennials with just a few hundred K to their names 3 years ago are now multi-millionaires. Ok ok I shouldn’t be envious of them or care that they behave like their parents are hyenas.