Jun 24 2020, 09:37 PM
QUOTE(AVFAN @ Jun 24 2020, 09:32 PM)
this article is right but is taking it wholesale from on a USA/EU context.
i dun think it applies here.
here, which tech sector is so great? which tech cos. are now flying?
gomen is not giving free billions to GLCs, are they?
where got money?!
but if gomen starts borrowing or raise taxes to bail out the GLCs or cronies, that will be true.
so far, when gomen here gives out free money, many people do use it to pay bills, buy food.
in USA/EU, they have issued trillions of new $/Euros to buy back bonds, incl individual co. bonds.
they are big enough to keep printing new money w/o immediate major consequences.
that is, cos. that are supposed to go bust are now saved, they now have new cash to put back into stock markets or do whatever they want.
surely, this does not benefit the common man.
but the idea is that if big biz survives, the little employees survive too - can't argue with that.
but true - in those places.. RICH GET RICHER, POOR GETS POORER.
until it burst and collapses totally.
that day may be 10, 20, 100 years away, though.
but when it comes, u can be sure there will be WW3 becos W "solves" all debt problems.
Pretty sure he's talking about local stock market situation.i dun think it applies here.
here, which tech sector is so great? which tech cos. are now flying?
gomen is not giving free billions to GLCs, are they?
where got money?!
but if gomen starts borrowing or raise taxes to bail out the GLCs or cronies, that will be true.
so far, when gomen here gives out free money, many people do use it to pay bills, buy food.
in USA/EU, they have issued trillions of new $/Euros to buy back bonds, incl individual co. bonds.
they are big enough to keep printing new money w/o immediate major consequences.
that is, cos. that are supposed to go bust are now saved, they now have new cash to put back into stock markets or do whatever they want.
surely, this does not benefit the common man.
but the idea is that if big biz survives, the little employees survive too - can't argue with that.
but true - in those places.. RICH GET RICHER, POOR GETS POORER.
until it burst and collapses totally.
that day may be 10, 20, 100 years away, though.
but when it comes, u can be sure there will be WW3 becos W "solves" all debt problems.
However mentioning tech without going into details is also confusing.
I mean how many outstanding tech firms do we have in malaysia.
Quote
cut half can liao. 
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