Wednesday, October 01, 2008

Hmmm... the financial and monetary movements around the world has been very significantly active and it seems that most of the government around the world are injecting liquidity to either stabilise their banking and credit industry or "reviving" the dying industry.

It looks a global inflationary process is en route to materialising. The 1970 Singapore situation, where a bowl of noodles, costing only a mere 10-20 cents, had inflated to around almost $3 in today's context, triggering the whole process of societal evolution, and the process of adjustments, albeit ongoing, is going for a more drastic jump forward.

Pay hike, pay rise, cost of living rising and things like that aren't just going to happen to Singapore alone. It's going to be a global phenomena. It is where in the next few years, average price of all items will probably go up by 5% to 10%? In a sense that the noodles will no longer cost $3, maybe it'll increase to $3.50 or more, it really is hard to gauge, but that is only within the next 1-2 years time... scary right?

Imagine only a few more years down the road, a bowl of noodles will easily cost $4, and subsequently, $5... Feeling the pinch already?