I am factoring in a 50 basis point rate hike by Xmas 2009. If I think about the further economic factors, I think it boils down to our inefficiency.
I only work 40 hours a week, back home by 4pm. How does that cost the economy? Higher interest rates!!!
Do I want to pay less interests for the kind of efficiency of overworked and hectic Singapore? Perhaps not.
There has to be a cost for our relaxed lifestyle.
I only work 40 hours a week, back home by 4pm. How does that cost the economy? Higher interest rates!!!
Do I want to pay less interests for the kind of efficiency of overworked and hectic Singapore? Perhaps not.
There has to be a cost for our relaxed lifestyle.