#262 the new year

What shall year 2010 bring? Since the subprime and economic crunch — many lost their homes and jobs in the US and the stock markets plummet affecting the world economy– that appeared without warning in 2008 brought uncertainties and economic recession through to 2009, hoping 2010 will be better and brighter economically, politically and socially.   That which beyond my control, [...]

#230 bites on global financial crisis

I found this website ‘The Baseline Scenario’ useful in understanding the global financial crisis we are experiencing. The site provides and offers some easy to read articles, interesting videos and radio and relevant websites offering insights and education: http://baselinescenario.com/financial-crisis-for-beginners/#video.

#225 numbers or service

One hears or reads statistics announcing the rise or fall of stocks or drop in sectors of economy. Are these useful for the public to gauge what is really happening or going on? Take for example, tourism revenue. Is this that urgent or important? Fuel hike brought down many companies on the brink of closures. Naturally [...]

#208 retrenchments and wage cuts

Singaporeans are forewarned there will be retrenchments and wage cuts during this recession. Who are the ones to be retrenched? Will those in the 50s of age bracket be the first to go? The rationale that the older ones are higher wage earner…but the new intake start with higher starting pay without experience! What about rents [...]

#198 bail-out plan?

What if there were no bail-out for those scoundrel and irresponsible investment banks? How will this financial quake affect the US and the world economy? Why such jittery around the world? According to some pundits, if there were no bail-out, this will filter every aspect of life and economy in the US!  Was there no regulatory controls for these financial institutions? It appears [...]

#145 economic recession?

Subprime, credit crunch and inflation: will these bring the world to a recession soon? Finally the leaders are acknowledging that the US economy is experiencing recession! Will US economic recession affect the rest of the world? Can the Asian economy correct or counteract this initial US recession?