Do you notice the phrase "market/stock rally", "...bullish", "stocks closing lower due to heavy selling", "bull market" or "bear market" on StarBiz everyday? Here you go. Read this.
In which this term can be seen on major business headlines everyday,
However, I am too naive thus I don't how how Malaysian Bar can be related to economy at large. But this is interesting. Recession can be divided into technical recession and real recession.
While powerhouse like Singapore is admitting that it is falling into technical recession, Malaysian government is still too stubborn (Yes, I am using this crude term) and constantly in denial. One doesn't need a Bachelor's degree in Macro or Microeconomics to understand the current health of Malaysia's autopilot economy. The economy timetable is severely crashing with political timetable of UMNO's warlords.
And again while powerhouse like Singapore is implementing SD 13.6b or MYR 30b stimulus plan for its ailing economy, our country is boasting on its tiny MYR 10b stimulus package, which is yet to reach the citizen's pocket. The red tape is to blame for this.
To rub salt into the wound, according to MIER's Prof Dr Mohamed Ariff Abdul Kareem, there is 50% chances of Malaysian falling into a "full-blown recession" this year.
2009 is the year of Ox. 2010 will be the year of Tiger. What's in the store for the market in the year of Ox? Read this article through for better understanding on the pattern of ups and downs of Bursa Malaysia.
When will current recession bottoming out? Is this the point of inflection? Thomas Fried has got some interesting points. According to Dr Lin's assesment after considering IMF study on recession for the past 3 decades, recession tends to be worse if the crisis is in banking.
We badly need a hero!
Hey, will Ted Truman gets the US out of the current major crisis? Or after reading Paul Krugman's lecture slide, maybe you will think inflation is not totally a bad thing after all.
I've read some mixed reviews from O&G sector since the fair price of crude oil is around USD 60 - USD 80. Under the umbrella of Petronas, many services and fabricators in Malaysia will be able to survive beyond 2010, but with unhealthy orderbooks.
But nothing is certain in today's uncertain economy climate.
Ohh this is so scary~
Finally, that piece of Pangkor trash is god damn annoying..
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