https://sg.finance.yahoo.com/news/singapore-cuts-growth-outlook-trade-war-bites-052350837--finance.html
Omg! SG government revises down our GDP growth tremendously (a complete wipeout). Financially speaking, it will be a total loss.
How did SG end up having to cut its forecast by such a big margin? This was because our government had underestimated the US-China trade war since PM Lee thought that China would lose and bend over. However, we disagreed with PM Lee in our post below.
http://sg-stock.blogspot.com/2019/05/pm-lee-has-made-judgment-error-on-china.html
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http://stocknewspress.com/2019/08/13/u-s-recession-concerns-rising-with-trade-row-goldman-sachs.html
GS must be fabricating fake economic news about the US.
PM Lee said that US was a very resilient country, so GS analysis must be fake.
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