Today, the global newspapers are reporting a seriously gloomy view of the US economy, acknowledging that it is growing slower than the Fed had expected. Last night, with his head down most of the time, Fed Bernanke said that the US economy is recovering from its worst financial crisis and the most severe housing bust. Recent data showed a rise in the unemployment rate to 9.1 percent in May. It now faces additional pressures ranging from the effects of the Japanese disaster to global pressures in the commodity markets.<\/p>\n
If you have been keeping yourself current with world events and are concern about the Asian markets, where do you see our investments, savings and the Sing dollar heading for? <\/p>\n
Many SilverHairs are resigned to having to work until 62 or 65. For the luckier ones, retirement savings are in insurance, CPF and bank deposits. Luckier ones have a house or condo to rent out. Still, we have many friends around us with good adventures in trading shares and other instruments. <\/p>\n
Do share and discuss. How are we affected by the US economy? Where is the direction as you see it. Respect for the views of other members appreciated.<\/p>\n
Terence Seah<\/p>\n","protected":false},"excerpt":{"rendered":"
Today, the global newspapers are reporting a seriously gloomy view of the US economy, acknowledging that it is growing slower than the Fed had expected. Last night, with his head down most of the time, Fed Bernanke said that the US economy is recovering from its worst financial crisis and the most severe housing bust. … Continue reading “How are we affected by the US economy?”<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-3640","post","type-post","status-publish","format-standard","hentry","category-reflections"],"_links":{"self":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/3640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3640"}],"version-history":[{"count":0,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/3640\/revisions"}],"wp:attachment":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}