To me, the more peculiar takeaway from this Jack Skellington Keep Your Candy I’ll Have Starbuck Coffee Shirt data is how is Singapore still topping the list when most of its economy depends on China and the US. With both in a trade war, this doesn’t add up unless I’m missing something. To me, the more peculiar takeaway from this data is how is Singapore still topping the list when most of its economy depends on China and the US. With both in a trade war, this doesn’t add up unless I’m missing something. It takes admin resources to successfully engage in a trade war to destroy your economy. Singapore has the biggest port in the world, right?
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So even if the goods don’t come from there, that’s the hub it goes through. Like 1/3 of the world’s global oil shipments go through the port of Singapore. It’s also a Jack Skellington Keep Your Candy I’ll Have Starbuck Coffee Shirt crazy banking hub. Plus Singapore trades more with the EU than it does with the US and they trade a lot with Malaysia and Korea too. True, but it’s not like we’ve fallen that badly yet. We still beat France, UK, South Korea plus a few other westernized countries. Also, this is only the fitch rating standard and the poor still have us at AAA. As someone else pointed out prepare to see a few more countries lose their AAA scores. My guess is the next will be Sweden or Aussie land.
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