This conversation just came about between me and my friends.
Economy was one of my fav subject.

GDP,NDP, supply/demand and all that.
As we all know, America is entering recession. Whether the curve would be a 'U' or a 'W' curve, we do not know. Or the worst case scenario: a 'L' curve.

It has been said, when US sneeze, Singapore will catch a cold.
When China sneeze, the whole world will catch a cold.

Look at the times now. With U.S. trying to recover from recession, Price of oil soring with wings of an eagle.
And the third factor, China. Being hit by an earthquake and at the same time, they have to juggle with Beijing Olympics.

What will become of us in this world?