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Singapore Property Downcycle
12-8-2017 11:24 AM
sgbuffett said:
Japan was an industrial giant with high tech innovation at the time it went down.

Singapore ....we are more vulnerable that is why I say we need bolder leadership but we are not getting it.

1. We have demographics problem.

2. Engineering and industrial based eroded during to govt short-term chase of financial and casinos. This always is the base on which countries like Japan & Germany fall on.

3 govt flooded the job market with low skilled 3rd world labor causing long term intractable problems of dependency and entrenchment of low tech labor intensive industries.

4. Whole political system based on elitism and power structure is highly inefficient...so how many more ex generals we need to feed with cushy jobs and GLC businesses. This is like an ancho dragging us down.

Not many people can see what you saw. We are indeed in deep trouble.
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