Tuesday, September 08, 2009

Preparing for the Worst

Robert Kiyosaki, author of Rich Dad, Poor Dad, has a negative view about the future of the world economy. Read this article.
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4 comments:

C H Yak said...

Great piece. Preciously how our HDB resale market is working over the years.

Worst, new flats are coming out into the market at ridiculosly high prices.

September 08, 2009 8:34 AM
Anonymous said...

No wonder our Singapore govt is delaying the drawing of our CPF & increasing the minimum sum.

September 08, 2009 9:50 AM
Anonymous said...

Singapore can rely on unlimited supplies of young foreign "frogs" from all over the world, all the time.

Now population only 4.5 million. Target 6 million. Still way to go. 1.5 million more only. Where got supply problem?

Hence no worry.

September 08, 2009 1:33 PM
Anonymous said...

Insightful posting from RK.

Expect a lot of spinning in the next decade when a lot of govt and media would have us to believe that we are ok, no Great Depression etc.

For a glimpse of what you are going to see the next decade, check Japan's lost decade of 1990s. It would be lots of spinning, deflation that will be masked (why? becoz it is a global lost decade and the govt/rich pple of high income countries do not like deflation), low economic growth, property prices that refuse to come down, volatile stock market, lots of contract/temp jobs, a "M" society etc.

Fortunately, this applies to high-income countries with inflated assets. Your best bet is to move to emerging markets and start life from afresh again.

September 08, 2009 2:14 PM

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