Half a Year

It has been almost a week since i last blogged! too busy lately. Went out with a friend for supper last night . Wow.. We really tok a lot. Had so much to bitch about. I reached home pretty late. The porridge at Maxwell market was good lor. After which, we continue to bitch abt life and everything. hahahha....

We have been having good food lately in office. Some of our colleagues were promoted. We were treated to some nice pastries and puff. I heard there will be more tomolo! whoo hoo.. Well, this year i din get any promotion. hahha.. In fact, not many were promoted this year. I guess they are more hardworking and really excel a lot last year. hahhaha... Nonetheless, as long as there is nice food, we wouldnt mind.

Half a year have gone. Its SAF day, HK returned to Mainland rule, Singaporeans receiving GST credits. hahhaha... It all took place on the same day. What have you achieve during the last six months. haha.. I am still the same except i really think the cost of living has shot up a lot. Inflation in May stands at 7.5%, one of the highest since 1982.

If you notice, price of basic necessity goods have gone up. However, our pay increment din match the current inflation rate. haiz.. It all started due to the high cost of fuel. The price for a barrel of oil now stands at US$140, which is triple the price since last year. It works like a domino effect. All other sectors in the ecomony are affected. Eventually, the consumer feel the pitch.

Sometimes, i do wonder, is the price of oil undervalued all these while? I mean demand for oil have been increasing over the last decade, but why did the price shot up all of a sudden? There will be market correction one day and probably this is the day. Price of fuel should have gone up steadily but it din.

Till then, when the market realise oil prices are undervalued, plus rising expectation, the price of oil will continue to increase. It will stablise one day when the prices are right. Well, how long will that be? Erm, i guess the oil rich countries are making big money now. hahha..