I think the economic tsunami getting nearer.
Khoo Kay Peng sent us more bad news when he first touched down in US yesterday to take part in the US Government IVLP on I-Vote 2008. The situation may be more serious than most of the Malaysian including our leaders is thinking.
Today, the market resumed sliding despite a few measures had been taken. Nikkei stock index falling to a 26-year low, Hong Kong's Han Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years. In the Philippines, the key index plummeted 12.3 percent to 1,713.83 points, triggering a circuit-breaker that automatically halted trading for 15 minutes.
Our Deputy Prime Minister and Finance Minister, should feel relax and no worries for his next promotion to be the 6th Prime Minister of Malaysia, after sweeping 100% nominations so far as UMNO Party President in next March.
Thus, he could now concentrate and put all his effort to work out measures to face the coming economic tsunami. He should temporary forget about his eurocopters, on-loan RM5 bil injection to the cronies stock market or others white elephant mega projects. Work somethings smart and practical not like the young Level 4's 'ciku' previously. Do not forget we still have the alternative stand-by out there.
1 comments:
Bank of England published its twice-yearly financial stability report on Tuesday, which for a change edged out the new Bond film from top headline news here. The report is much gloomier than its April edition, and the BoE estimates global losses to hit £1.8 trillion in the current crisis. Hitting closer to home, it estimates 1.2 million homeowners will be in negative equity in the UK, that is when the value of their home is lower than the mortgage cost. Britain’s housing market is expected to fall to a low. BoE called for risk reforms globally, even as it raised the spectre of more bailouts to banks. BoE’s report pointed to hedge funds, insurers and emerging markets as the next potential trouble spots.
-------------------------
hesslei...........
exposure marketing
Post a Comment