Downturn in Singapore

Every 1o years there is a downturn. So did someone manipulate this or it happens to be like predictable 10 years?

The last downturn was in 1999 when I first graduated from university and came back from America. Came back out to work in 2002 and still the downturn didn't quite pick up. This time round it hits hard and God knows when it is ever going to pick up then.

So far down here, many companies have retrenched people. Even the bank have been hit too. DBS for one is retrenching people. How I know? It came out in the newspaper. When comes to big retrenchment, it is like BIG news. They get free advertisement! Other places are having pay cut but lucky for them as they still have a job. I, couldn't complain much as I still having a job and I do not have to retrench people. That is one thing why I like not being in the management level. You do not have to put into a spot that you have to retrench people yourself.

We will survive no doubt about that! Thank Goodness we are Singaporeans as our government is helping in someway though not much. Government are helping those retrench to get training and get another job from another sector. Who can complain? Compared to other countries, we are considered quite good! So, Singaporeans don't complain much that Singapore no good as other countries, people are suffering hard from this hit and they aren't receiving government assistance.