19th January 2014
What i did: I read about a new saying the Singapore's economy is at risk of an Icelandic-style economic crash but Monetary Authority of Singapore (MAS) are saying that no such things are happening.
What i learned: The economist and forbes columnist, Jesse Colombo claimed that Singapore economy is facing a ballooning of credit bubbles which is seen also in Iceland in the 2000s. He also claimed that Singapore is being falsely perceived as a safe-haven economy that will eventually crash. However MAS strongly denied that any such things are happening and arguing that the government's property cooling measures have worked to dampen sky-high property prices and reiterating the strength of the government's finances and a solid banking sector.
There is much more to debate on as both sides are strongly against with each others points.