LOL......... nice one.

hey wireless dude, where's the 1000 point drop on friday? Wah, those who short based on wireless dudes comment sure die kau kau.

This post has been edited by AdamG1981: Nov 9 2008, 05:25 PM

Japan's national debt is now at 150% of GDP n of course a concern has been raised that this may leave a heavy burden for generations to come.
But interest rates (near zero percent) did not rise for the past 15 years in spite of the massive fiscal spending.

Another example is UK in 1945 where government debt was 250% of GDP but this did not cause the nation to disappear from the economic map of the world.

As to "borrowing from future gnerations", it is much better if they inherit an economy that is on the mend.

It is hoped that OPEC would come to their senses n not to squeeze production in these trying times. Zaki Yamani who was the former oil minister of Saudi Arabia during the oil embargo of 1973 said, "the stone age ended not for the want of stones and the oil age will end long before the world runs out of oil."
He is saying that an unreasonable pricing of oil will push technology at a breakneck speed such that oil will become obselete.

Have a nice day.

Unlike you, I've never made statements like market will rise 1,000 points or there'll be a super bear rally because of obama win. Check my posts and get your facts right.

Even if I did, you don't lose money from being careful. But you'll lose your shirt by being overly optimistic.

I'm never 100% out of the market because I'm diversified with different investments and across different classes and geographic regions. I'm an old hand. Not many forumers here have the benefits of long experience or lots of savings to average down. We just had newbies asking about T+3 and Mesdaq.

That's why I said what I did.

Like I said, get over it and move on.

Peace out.

This post has been edited by wirelessdude: Nov 9 2008, 09:41 PM

Absolutely. We are all going to hell in a handbasket, aren't we? all these young people lining up to buy the Xbox 360, spending hundreds if not thousands on games alone, someone tell them that the economy is VERY BAD, they can't have heard the news

I think if we do that, they will disappear in a puff of logic. Logically speaking, in a VERY BAD economy, kids don't spend thousands on computer games and line up for ages to get the latest consoles. So they must be some kind of mirage.

Interesting Pic I found on a blog that might relate to the current market

Judging the economy from a cursory glance at a line of teenagers buying a video game console is a poor gauge.

Malaysia is not dropping like the proverbial stone but it definitely is in terminal decline due to unfriendly investment policies, a massive brain drain and intense competition from other countries.

SPS,

The problem is with the median age of 26, there are a lot of Malaysians entering working age. The annual growth has to be at least 6% to 7% or we will have serious unemployment and associated social problem. The parents can support those unemployed youths for a while before the finance are drained.

So, we are either there or almost there. It does not affect you since you have moved your children oversea and you had prepared for this.

In summary, pretty soon, many people have to migrate oversea just to find a job. There are not enough jobs for Malaysians in Malaysia.

Dreamer

especially so Malaysian's are coming back to Malaysia from Singapore by the truck loads due to retrenchment/vss schemes by their Singaporean Companies. It wont be long the job market will be crowded and we will start seeing unemployment sky rocket.

We have yet to feel the ripples yet.

The main concern of the private sectors is that these newly local graduates needed to be breast fed, may not in the position to help companies much.

It depends what job market segment. On lower ended job, therea are plenty which currently being filled by foreign workers.
Malaysia economy is not yet reach the state of require massive middle and upper range of job, but it has plenty of lower end job around, that's why millions of foreign workers are needed from restaurant, construction, to labour intensive job like plantation etc.

There are some fundamental problem in Malaysia economy need to be tackled.
We might have too many university graduate but not enough skillful worker and technician around.

In real world, graduate is not equal to skillful employee.

We might be having lot of Rm1K job per month one, but few 3K and above. But Malaysian thinks they deserve the 3-5K one, sorry no offence.

There are more people willing remain unemployed rather than work part time or work in the 1K job first. May be younger generation nowadays are more pampered by the parents. Again no offence, it doesn't apply across, just had seen a lot of examples around.

This post has been edited by cherroy: Nov 10 2008, 09:46 AM

I think you are right, no offence too.
The younger generation now are the product of the Malaysia rapid growth and globalizing period. Many of them are being pampered because they have something like their parents to fall back on.

For all we know, we may not see any repatriation of foreign workers back to their own country simply because none or less Malaysians are willing to work for lowerly paid salary job. IMHO, it is natural thing for developing or developed countries to hire foreign to fill the gaps in area where it is routine and lowly paid. This is where the citizen can move up the 'salary chain' earning extra by providing better services/knowledge-required skills. We can't run away from this vicious cycle, just look at US, UK, Germany, SG, etc. Their citizens hardly work in industry such as waste-disposal though it might offer a decent salary. The problem with Malaysia is that most of our citizen actually more or less have the same qualification, if not worse, than most foreign workers (read: from India perhaps) yet they demand higher salary. So we simply can't repatriate foreigh workers back during worse time like now.

IMHO, this poisonous situation/problem simply the fruit we sow by not planting a good education system.

Very well said. Not many people realise/understand what caused the current financial turmoil in US and some simply applaud the government dished out stimulus packages thinking that it will save their ass. Well, I hope they got it right and be prepared for the worse. I feel that the RM7B stimulus package our government has proposed is as good as being thrown into the dark deep muddy sea. It might not help any of us but it might help some big fish swimming for calmer water (read: bail-out?).

Being productive is good but we still lack of the ingredient such as effective, efficient and top quality. Being able to mass produce everything under the sun but subjected to low quality and worse still ineffective and inefficient will lead to more wastage and encourage more duit-kopi. Few days back, I read in TheSTAR that some minister/MP actually commented and realised that a country that is not effective and efficient actually encourage more duit-kopi. So, can we say we somehow know/realise why the duit-kopi is so widely used in Malaysia?

Wanted to read, mingle, share and learn more for everyone here but my schedule lately is just killing me.

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Added on November 10, 2008, 10:08 amOh, you have already mentioned this while I was slowly typing my opinion.

This post has been edited by cantdecide: Nov 10 2008, 10:08 AM

market is re-surging....

feeling see sick with the market going up and down like a yo yo

good la yoyo. buy when yoyo down then sell when yoyo up.

Isn't that consider good for intra-day contra?

At least it is not so boring

We have yet to mention unqualified graduate who is holding degree status because of the generous education policy, especially for government university.
We have many graduate coming out each year, some of them are holding the status because of the policy, and some of them are holding the status because of commercialized education business.

Where are we heading to?
Superior talent who obtained flying colors in SPM are aiming to leave Malaysia.
What's left is people like me who is not able to compete with the top class but still, recognized as top class in local university.
I am seriously disappointed with the generosity shown by the government in education planning.

yoyo is good..... can make / lost money, make heart pump faster..

the most boring one is flat......

yes. most boring is flat....Stare at counter until eyes dry also the price don't move...no flashing...

So go go yo-yo day.

this type of yo yo bo shock...

up 7 pts down t0 1pt than up to 7pt than down to 2 pts... WTF man..

than f-ing CPO makret kick in straight shoot up 7pt ... beginning of the mth CPO already so thin trading. Probably most of the big foreign traders r on holiday adi cause yr end or all kena goreng sotong taking long VSS leave.

see until i headache just ate penadol...

the one more interesting is open down 30pts... than recover closing at 2 pts than one baru shock.


This post has been edited by aurora97: Nov 10 2008, 10:45 AM