As we leave behind 2009, we are into a fast paced brand new 2010. Time really flies, as we are already past the 1st month (January), and celebrating Chinese Lunar New Year and Valentine's Day on 14 February 2010.

2010 may be a challenging year, as can be seen with the fall of stock prices across the world, nlcuding US and Singapore equity markets. A more than 10% unemployment rate in USA is quite frightening. Real unemployment rate is estimated at 18%.

Despite the rising China economy, we are still dependent on the US economy.
 
So we are all wondering what were the feel good factors that spurred the rise of stocks and property prices across many Asian cities. Are there property or real estate bubble in China, Hong Kong and Singapore? The Chinese government tried to contain the property bubble by imposing loans restrictions. Willⁱ it work? Will the bubble burst? We don't know, and we hope not.
 
May we hope this Lunar New Year bring great Peace, Happiness, Good Health and Prosperity to ALL.