Crisis
General Motors Corp. (NYSE: GM, stock) announced that only a small fraction of the holders of its $27 billion in bonds agreed to swap their debt for a 10 percent equity share of a recapitalized GM. Without at least 90% of GM’s unsecured debt bondholders agreeable to the swap-plan, GM has no other choice but […]
... written on May 27 2009Before we hear (hopefully not) any more bad news from the banking institution (if any) it seems General Motors Corp.’s (NYSE: GM, stock) overdue problem is running out of fuel and is set to be known as early as end of this month – May 31st. People are betting that GM will have no other […]
... written on May 24 2009Not many moons ago I wrote that the no-brainer or average-Joes yardstick to measure if the economy was getting bad was to look at how Starbucks’ (Nasdaq: SBUX, stock) business was doing. Furthermore at about RM10 a cup of coffee it’s considered a luxury, at least to the majority of the men on the street […]
... written on May 17 2009Would it be too cruel to say “I told you so” now that the Court of Appeal granted the so-called illegitimate Chief Minister Zambry a stay of execution on the High Court ruling yesterday that the so-called legitimate Chief Minister Nizar was the rightful Menteri Besar (Chief Minister) of Perak? From a state that fall […]
... written on May 13 2009Five thousand years of Chinese Civilization have transformed the Chinese into a unique race which possessed all the necessary ingredients to survive in a harsh environment. But they are still the same homo-sapiens that are clever yet selfish and cowards. Although the Chinese are complex they’re relatively easy to understand once you mix with them. […]
... written on May 08 2009What would PM Najib do without his mentor Mahathir? In a nutshell Najib is clueless and screwed without Mahathir’s intelligence especially on the matter of Perak State’s power-grab controversy. It was a huge mess as a result of a coup without a proper plan and Mahathir openly admitted that Najib’s plan to forcefully take over […]
... written on May 07 2009Swine flu epidemic is spreading like wildfire from Mexico to Asia and Europe without mercy with Mexico leading the score with 473 cases including 19 deaths. Call it influenza A (H1N1) virus or whatever name you like but the worst effect is still the same – death. The scary part was the virus could mutate […]
... written on May 03 2009Citigroup Inc. (NYSE: C, stock), once the mightiest and largest financial institution of the United States of America and one of the components of Dow Jones Industrial Average index but now considered to be one of the most troubled U.S. banks reported its smallest quarterly loss since 2007. The bank posted a first-quarter loss to […]
... written on Apr 17 2009Wall Street was behaving as if the worst was over which saw investors snapping stocks in anticipation of a reverse to the bearish market. Everybody was trying to prove that they managed to buy at the lowest. It sure feels good if your prediction was right. After all how many can beat Warren Buffett in […]
... written on Apr 15 2009I was away taking a short break since the U.S. stock market was closed on Friday for Good Friday. In the process I’ve disconnected myself from the outside world, no TV, internet or whatsoever. And when I came back tons of things happened but nothing beats the chaotic crisis happening in Thailand. A summit meeting […]
... written on Apr 13 2009
