weakest link is CPF..

weakest link is CPF..

Singapore weakest link is CPF.. This thread talks about public debt & net debt. First of all, singapore's public debt is huge. see this graph: http://www.calvert.ch/maurice/files/...icFinances.jpg The Spendthrifts , with debt exceeding GDP. Japan has been trying to kick-start its economy for over a decade, it clearly hasn’t worked. That Iceland, Ireland and Greece are heavily in debt is hardly a surprise, but I didn’t expect Belgium and Singapore to be here. The Western Norm , with debt between 50% and 100% of GDP. Essentially the rest of Europe and the USA. Israel’s economic habits, predictably, are the same. The Cautious , with debt less than 50% of GDP. Here we have the Nordic countries, the true bankers and unexpectedly, Canada and Australia. Our govt. say singapore is still consider healthy level because of very low net debt . (note : public net is not the same as net...

Full article: http://forums.condosingapore.com/showthread.php?p=365191#...