US FED rate hike in coming years will kill off all leverage and credit binge.
People are going to fall behind mortgage or car loan installment payments
Big lelong sale coming as people are forced to sell assets ... soon COE price going to hit $25k or even reach $2 like in 2008.

Economic cycle will repeat like the last decade, if you are paying a large part of your salary on interest installments, be very afraid. The economic downturn and interest rate increase will lead to a perfect storm in late 2016/early 2017.