Friday, October 17, 2008

Happy Return Home to Gloomy Circumstances

As they say, its great to be back home.

Ah yes, the humid air, scents of fried hawker food and sounds of familiar Singlish. I'm definitely back in Singapore.

Have spent the last two weeks preparing for my upcoming wedding to Syl. We have been blessed so far, from being to get a booking for the hotel we wanted with just a month's notice to being supported by friends and family. Things cant start any better.

Well...almost.

Damping the joy of being back is the world finanical crisis... well... mainly the western world so far, but the spill on effects have come over here. With the sub prime situation finally bearing forth all its poison onto the US economy, things dun look too good in the good ol west.

Who's to blame? Bad regulation? Greedy CEOs? Or naive investors? Did we all really thought that living on debt was gonna be sustainable? That's another story for another time.

Back here in Singapore, we're technically into a recession as we've consecutively slowed down growth in two quarters, so everyone's a little jittery. I sure hope my job search is not too affected by this. I sure wish someone could fix all of this. In the amzingly complex world economy, money fly around all over the world literally at the speed of light. Makes you wonder doesnt it? When a whole bunch of people lose a whole bunch of money, where does that bunch of money go to? Someone's definitely getting richer from all of this. Can someone makes sense of this and show us all the light?

Two persons have raise their hands, Sen John McCain and Sen Barack Obama. Both claiming to have plans to put jobs back in America, cut taxes and basically get the country back on track. I sure hope these guys are smart and have a team of guys who are smarter. Cos we sure need the world's biggest economy doing well again soon.

But I don't think things are all that bad. I have a feeling that bad news sells and that's why it reported so much. I think things aren't that bad and that we will be growing soon again. Times like this that I wish I knew more about all this economic stuff so that I can more convincingly illustrate to people that these ups and downs come in cycles and pretty soon everything will be ok again.

Good things happen to positive people.

Joa