Re: Singapore fared somewhat better?
The wealth transfer due to the post-2008 financial repression was considerably worse. What we've since 2022 is arguably the first transfer from financial to labour capital in over a generation. Yes, inflation hurts your wallet but, pay rises generally catch up at some point. Asset values don't get the same relief, which is only fair as they were inflated during the reign unusually low interest rates.
Biting the hand that feeds IT
