I trained two journos on different time slots today. I was working until past 7 pm and Lord knows how exhausted I am. But I didn’t want to go back to my hotel because for some reason I am lonely. I used to be ok with just being the introverted me spending nights alone in my hotel room. But this time it’s different. I’m not sure why. So I went to Orchard because it’s where a lot of tourists congregate outside of Sentosa. Do I just need the human vibe? But I hate crowds and being with strangers. Maybe because I’m hormonal right now due to my period.

I bought a jersey jacket yesterday because it’s cold in the office and at the airport/plane.

And this is what our CEO told us in an email last night:

It’s the inverted yield curve that bugs everyone a lot, which indicates recession. Our CEO’s refusal to budge regarding hiring is because of this yield curve—he believes that the recession is/will be severe. News stories have been harping about the lower unemployment rate in the US, indicating a jobs recovery. However, everyone forgot that we came from a high base as a result of the pandemic (many lost their jobs as the lockdowns hit consumers) and it’s only now that jobs are beginning to see an uptick. But the inverted yield curve indicates that investors are dumping short-term bonds for longer ones because they’re pessimistic about the near-term future. Ergo, they will not be investing—that’s why a firm that I wrote about that has been raising capital for their emerging markets fund since 2021 had to cut its target by more than half and they’re still trying to convince investors that it’s ok to place their bets on developing countries.

That’s on the high finance front. But on the real economy, people are not spending as much because everything has become expensive but the wages have not caught on.

I’m sleepy. Ciao!