Instead of recession, i think better to look forward for what will be happening to Malaysia in the year 2019..

Dont forget about the prediction those people made before..

We can see that:-
a) Inflation is running high;
b) Unemployment is fetching up;
c) Gov Expenditure getting more;
d) And, I believe certain Gov policy were also costly to be implemented..

Better be cautious for this..

Though they keep denying about this, from those above elements, it is possible to happen..

True true - however those are things that we can affect little other than through our VOTES or via our legs (walking out).

Personally, my focus is on my OWN economy, not the country's or the world's. U'd be surprised that a few fellows in US are "enjoying the problems" of 2008 and up till now as their personal economy was incredibly fit & healthy, thus it's like a mega sales for them . Our mileage may vary here though heheh

This post has been edited by wongmunkeong: Sep 8 2011, 09:49 AM

What's gonna happen in 2019?

With dividend? when times are bad, are you sure you can still yield the same dividend return? Or unless you're talking about FD...maybe possible...

National News

I dont think cutting the subsidies is enough, there are many things that cannot be avoided..

According to www.transparency.org, our Corruption Perceptions Index is 4.4, while Singapore is 9.3, better than us..

Country recession and our country highly debt issue, i think highly debt issue is the worse part..

How about bond funds? It is going to survive through the recession? im talking about asean n malaysia bonds. not euro or US.

Thats what happened to U.S............highly geared DEBT...... methinks our paternalistic
attitude of our politics has made it too late to turn around. Just look at the population of
civil servants.........last estimate at 1.6mil.
Our pop is only around 27mil....do you need 1 civil servant to serve 17 people?

next, if our attitude of deficit spending is not reeled in, EPF will be kaput...............

see the thread in real world section

Could you please elaborate more ?

Heheh - bro, politicians live in bolehland lar, not real world
No bolehland thread/topic for politicians to share share in LYN?
Or perhaps their stuff cannot stand the light of day in public?

If you are buying Malaysia bonds, you are facing credit risks.. During that time, your bonds are hard to sell..

---

Added on September 8, 2011, 2:51 pmBravo, good quote about the statistics of 1 civil servant serving 17 people..

Well, its not that i want to say we private sectors are good, but we can really see the poor service from the gov agencies..

Last few days i made a call to follow up with a government agency, and guess what? They did not even intended to answer the phone.. Even after answer the phone, they talk fiercely..

If the government keep on rising the salary of those pension people, even declared bonus, sorry la, how long can our country stand? Imagine average all those pensioners can live a long live, then all the pensioners are creditors to the country...

This post has been edited by smartinvestor01: Sep 8 2011, 02:51 PM

I bought bond funds from public mutual. Are you saying that i cannot sell my bond funds if there is credit risks? Because im not buying a particular bond, it is bond funds. So i guess there is no problem to sell through public mutual if got credit risk right?

Reminds me of the "entitlement" mentality 'ala Greece, which makes USA's problem sup sup water in terms of Debt/GDP

dunno how real the impact will be here, as forecast on car sales will peak in coming 2 mths and mx out in dec 2011. more ppl are rushing to buy more cars

kevyeoh,

So, I still can last at least 2 years without selling and without income.

What is YOUR NUMBER??

How long can you last without income and not selling anything??

Dreamer

You will quiver when you know that for budget 2011 of Rm240b,
Rm40b is for the salaries of gov servants, past and present.

If this goes on, how will the country sustain such practices?

Issue more 1 Malaysia bond. Create more creative tax for us to pay.

edyek,

Increase LEGAL retirement age to 75. Keep the EPF money 20 years longer.. Sell the IDEA as helping RAKYAT to save for retirement..

Dreamer

Brilliant too. From age 50 last time to 55. And yes, prolong it to 75 will make a big difference.

And I cannot imagine those old civil servants can work as efficient as those younger ones (and gov still need to pay them). Plus, more younger civil servants will join the boleh family. Thus more salary needed to be paid.

Cycle, cycle, cycle.

Illwill it be save to put money in bank locally by then?

This post has been edited by Gary1981: Sep 9 2011, 12:28 AM