Many aren't aware that the economy has taken a nose-dive since 2013. The economy will not do better this year and next year
Many are saying the US economy will improve in 2014. "But the Fed does not help the economy nor Europe solves their banking woes since the Great Recession.
My prediction is based on Federal Reserve ending its quantitative easing end 2014. That would be the removal of artificial life support for the economy. The Fed's stimulus had created huge inflation in the stock, commodity and property market, which would have to deflate when all the free money ended. It is no brainer that you see the oil prices came crushing down immediately after QE ended.
There are many reason for the global economic deterioration :
1) problems with Russia and Ukraine, which I said last spring would turn into a sanctions war that would damage Europe and to a lesser extent the U.S. because Russia would not back down on Crimea;
2) China's economy would continue to settle, creating a dead weight on the global economy
3) Japan entering into recession
3) Ebola -the fear of it is enough to unsettle the economy
While the stock market is soaring to new heights, Tech stocks in particular were looking like similar to the pre dot-com crash in 2001.
The investment banks are the biggest players in the market; so, if the market crashes, it could also take down some banks, turning into something much worse than just a bear market.
Singapore is not immune to the economic collapse espicially our banks are highly geared in mortgage and business loans.
2015 will probably be that last year of great prosperity for the western world including Singapore, China. A season of great darkness to mushroom into worldwide devastation probably sometime after 2015.
Many will see a culminating explosion of darkness taking place soon possibly by the fall of 2016.
Be pre warned my friends
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