Financial crisis news is everywhere, with so many countires affected by it. Are we heading to another Depression?
Even our Finance Minister, Tharman Shanmugaratnam, was quoted as saying Monday in The Straits Times, "It is now an economic crisis. So globally the economy is slowing down. This is a fact that we cannot escape."
I guess Singapore will be facing another round of recession since the recent one in 2001. How many people will go jobless again? This is so scary.