Series of Thoughts on Recession
Recession/Stagflation is Coming! First and foremost, I believe I was wrong when I stated that there is no recession . But what exactly is a recession? How do you know a recession is on its way? Negative growth for 2 quarters? Do you understand what a recession is? Have you tried applying for jobs for more than a year and still have no work, and you need the government to step in to ensure that there is at least 1 job that is sponsored by them and only pays S$2k for 1 year? I DID. In addition, I had to pay my tuition loan at that time ON MY OWN. So really, I don't think many of you understand recession at this point. Ever Been Thru the Cycle where Oil went from $4 to $20? Yes, clearly someone did, and the message was relayed to me. I was advised to SELL EVERYTHING. The war is mostly to blame for the rise in oil prices. Even after the war is over, oil prices will remain high due to sanctions. This will lead to ongoing inflationary pressures and, eventually, higher interest rates.