The Singapore dollar (SGD), like all currencies, is going to go down against the
US dollar (USD), because the US dollar (USD) is going to go much higher.
Singapore doesn't like to talk about its debt but Singapore has debt, too.
The IMF says that the Singapore debt is over 100 percent of Gross Domestic Product (GDP).
There is serious debt here.
Now Singapore would say yeah, but we got a lot of asset, too.
They do.
There's no question about that.
Once interest rates start going higher, normally, your debts get worse and your assets don't
get better so the Singapore dollar (SGD) is going to suffer too, but it's mainly because the US
dollar (USD) is going to be so strong when people start looking for a safe haven.
