Singapore Profit

How do you know whether a recession is approaching? One of the indicators is to watch the shares of retailers. They are the first to get hit. Another indicator is to look at how much money parents are giving to children.

I managed to do a quick survey with some teenagers on the amount of pocket money they received. I’m not sure whether this is a standard sum, but most of them told me they received $6 a day. That was pretty decent as it would be enough for two meals in school.
However, this article talks about how parents in UK are planning to cut the clothing expenditure for their children. Toys and investments for the children are also affected.

This could be due to the tightening of loans. Some parents cannot make ends meet and they have to resort to cutting the pocket money of their children. The news article states that the parents anticipate a weak year ahead. This means that they are already fearing the inevitable. The only thing I wish to know is how drawn out the impending recession could be.

However, there is a silver lining in the cloud. With the falling treasury rates in US, the interest rates in Singapore have fallen too. This is a good opportunity to refinance your loans. Despite high property prices, interest rates are affordable. Perhaps, you can consider getting Homeowner Loans in UK and buy that foreign piece of property.

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