My Greatest Fear: Currency War

The worst thing that I think can happen during the Trade War is the decision by China to devalue its currency.

The last time it happen in 2015 and 2016, the world stock market took a plunge. 

China is our major trading partner, and since RMB is devalued, companies earning RMB will earn less relative to SGD. 

Asian exports to China will become more expensive. Hence Asian goods and services will become less competitive.

This explains why the market plunge in 2015 and 2016.

Can this lead to a Recession? I really don't know. It's too early to tell.

My view is to Trade and Invest with Caution.