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Tuesday, January 10, 2017

Singapore household debt is at an alarming level.

https://sg.finance.yahoo.com/news/household-debt-singapore-trends-causes-174221552.html

A slowdown in our economy will cause huge stresses in household debts which will greatly reduce our economy and this will become a vicious cycle.  Higher interest rates are coming and will cause a slowdown in our economy.  Be prepared for the worst!

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