Dear readers, first it was Deutsche bank which announced its plan of layoffs, and yesterday it was Nissan’s turn to do so as it plans 12,500 layoffs after operating profits fall 98%.
If you are reading the international news and tracking the developments closely, you would have read that more and more companies overseas have started to downscale their operations in a bid to stay sustainable. And there are really some companies which have gone bankrupt.
And on the local (Singapore) front, quarterly GDP growth in Q2 has slowed to the lowest in a decade.
Why am I highlighting the points above? Well, I would just like to draw readers’ attention to these developments since these developments are important but could be easily overlooked when the media present to us more the attention-grabbing news of the latest trade war developments or the various geo-political developments.
Many of us may have the impression that when a stock crash comes, it would come suddenly, but my thinking has always been that there are always warning signs building up to the eventual markets corrections, many of which might have gone unnoticed.
Is all the slew of corporate downsizing indicative of the economy to come? And perhaps a possible signal that corrections of the equity markets may be in the making?
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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