New thread appearance!

Yeah waiting for the mods to wake up to pin this.

Just wanted to share this.

Read this in the comments section of Yahoo Finance.

"Subject: Economic Solution

This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?"

I thought this was the BEST idea....I think this guy nailed it!

Subject: Economic Solution

Dear Mr.President,

Patriotic retirement: There's about 40 million people over 50 in the work force-pay them $1 million a piece severance with stipulations.

1) They leave their jobs. Forty million job openings - Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house/pay off their mortgage - Housing Crisis fixed. "



Makes sense haha except it'll cost trillions.

If you have 4 shares of TMI, you are entitled to buy 5 rights for RM1.12 each.

If you have 1 share, you are not entitled to buy anything. Which will ultimately make you lose because everyone will be subscribing to the shares.

Rights issue is like that, if you don't support it, then sell your shares. If you want to hold on to shares, then you better buy extra make sure you have enough to be entitled to the rights.

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Added on March 25, 2009, 9:31 amASIABIO is MESDAQ counter, TA don't work with MESDAQ because of lack of volume.

This post has been edited by skiddtrader: Mar 25 2009, 09:32 AM

Housing sales went up because the prices came down. Seems logical and should be the way. Even in Malaysia during the recession, houses are still being sold when the prices crashed. Just that the houses sold are much cheaper.

Argghh I was hoping for KLCI to reach 7xx. Oh well, looks like have to wait longer.

Bloomberg exclusive!! Malaysia in the news for wrong reasons.

http://www.bloomberg.com/apps/news?pid=206...jxr4&refer=home