Business cycles are nowadays so close, it's getting scary. It was not too long ago that SG was recovering from the quadruple whammy recessions of SARS, 911, Dot-Com and Asian Financial Crisis. Now, within 5 years, the entire world is reeling from the excesses of the banking industry. Seems like the banks, of which their traditional role was to facilitate the growth of capital and order in the money market, did the world no favors when they started packaging and reselling ever ballooning assets that had greater risks but lower value every time it changed hands.