according to geoarge soros, a recession is coming which is worst that the deep depression happened in 1930s. but he say it may affect other regions and it may not. depends on many factors such as oil, us/euro/reminbi dollars, china economy and so on

one thing i find interesting, despite economy is becoming bad, ppl still buy unit trust or investment link, the economy not good, and they still think they will get high returns. God bless them indeed

go read his latest books, quite interesting.

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Added on August 2, 2008, 1:26 pmjapan reduces its interest rate to 0% before. Federal reserve also did that before. now see what happen to their economy ?

Credits become so much more and ppl tend to spend more. Ppl spend more means high inflation. Rules become more lenient, meaning bankers can do anything they want. All this years, as many can see, alot innovative products or funds has appeared. So is the numbers of new markers for investments.

The recent maybank takeover of other banks show that they have the power and can do what they want. but of course now the BNM want them to stop it or reduce their shares on PT.

Despite the oil price per barrel have come down, I heard that oil will come up again becoz winter is coming. Winter means more oil usage.

This post has been edited by wingcross: Aug 2 2008, 01:26 PM