via Bloomberg View.
Singapore is the closest thing Asia has to an economic barometer. Its highly open, trade-reliant economy usually signals when trouble is approaching the global stage. And at the moment, Singapore is flashing clear warning signs.So lets see.
The city-state's gross domestic product plunged 4.6 percent last quarter, a downturn almost certainly triggered by China. Singapore's plight may mark a dangerous inflection point not just for Asia, but for the entire global economy.
We lifted sanctions off Iran, a known sponsor of terrorism, but they remain for Russia. Meanwhile everyone is ignoring the economy killing Chinese woes and the US/Europe continue to stagger along.
Poor economic conditions at home HAVE continuously been a source for leaders to invent outside threats to attack to rally their citizens.
If you thought things were a little less dangerous because of the questionable Iranian nuke deal then you're wrong.
People are being dazzled by bullshit while the world teeters.