Wonderful quote in the paper this morning. Consider the following from a spokesman for MAS (Monetary Authority of Singapore): "While the global economy should be relatively less volatile next year, its growth momentum is unlikely to pick up significantly as the deleveraging process in the advanced economies will be protracted".
I think that they like that kind of crap language here. The other day I received a utility invoice from the university housing office. The cover letter ended with the fantastic statement that the invoice was attached for my "easy and convenient perusal". I thought that perusal was mostly for flashy charter travel brochures...
Oh well I am on Jurong Island right now, a *HUGE* petrochemical complex on reclaimed land just off S'pore. Mind-blowing. When they need more land here they send bulk carriers to Indonesia to fill up with gravel and sand and get on with land reclamation.
Simon, Marina, Timo and Cilla in Singapore - July 23, 2012 - January 1, 2013
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