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• Well, I would ask what is unique to HKG/ SIN than rest of the world. Thier economies like most SE Asian fluctuates based on US$ inflows/ outflows. So might not be decoupled to a certain extent.

  neelz03 09 Oct 2008

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• Singapore is now offically in recession - that's hardly going to help.

  Jo 12 Oct 2008

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• It depends... My call is that governments are going to make it harder for foreign workers, so you should lean towards places where you have a cast iron right to work. Yes, I think that's stupid, it's a prediction, not what I want. But the 2nd/3rd tier financial centres are less "liquid" in their financial labour markets. So my guess is that an X% recession in SG will make it tougher than a X% recession in NY or London. Paris is probably the worst place due to its labour laws. If you believe that we are going to have long and deep pain, then your decsions shold allow for the way that the local branches of ibig name international firms may get chopped off completely. HKG/SG are not very much cheaper places to do business than Lon or NY, and it is possible that they retreat to only serving purely local business.

  DominiConnor 12 Oct 2008

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