Bush in Town!

The results of the US midterm elections are out. As much as we would like to think that Asia is growing well economically and that China is going to be the economic superpower in the next decade or so, the influence that Uncle Sam has on asian economies cannot be underestimated. US economy is dependent on local consumption and as long as the americans keep up on their spending, the US govt is satisfied. Asian countries on the other hand, is majority dependent on export trades, so any factors that are going to dampen demands for asian exports is going to affect us badly. For us in Singapore, at least we have the Integrated resorts soon to spur our tourism revenues. To that, lets look forward to a vibrant economy in 2007. Cheers!