Finance and Economy

US Home Sales Plunged 27.2%, The Worst Just Started?

I’ve mentioned many times that basically there’re two simple indicators to gauge how well U.S. economy is recovering. First is unemployment and the second is the home sales. If the indicator of either one is negative then you can forget about putting money betting on the bull. Forget about what the analysts told you about […]

... written on Aug 25 2010

Recession and Jobless? Make Money with YouTube

While the clueless Malaysian ruling government is still busy figuring ways to stop the citizens from getting “infected” (further) by the powerful technological viruses such as Twitter, Facebook, Blogging, YouTube and whatnot, young chaps are reportedly making up to US$300,000 a year from YouTube alone. So if those Malaysian Government-sponsored students are still jobless despite […]

... written on Aug 23 2010

Five Dumbest Things You Should Know – 24 July

McDonald’s Smoothie Chicken-Out – The popular fast-food franchiser that sells billions and billions of burgers made a sudden and silly decision in cancelling this week’s free fruit smoothie promotion. Reason given – McDonald Corp. (NYSE: MCD, stock) was worried that it would run out of the fruit drinks (how silly could that be).  The fast-food […]

... written on Jul 24 2010

5 Things You Need to Know – from Earnings to AIDS

Parkway War – Malaysia’s government investment arm, Khazanah Nasional Berhad, is fuming mad because India’s Fortis Healthcare Ltd (owned by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh) has offered S$3.80 a share for Singapore’s Parkway Holdings Ltd, 2 cents higher than Malaysia’s S$3.78 a share offer. The Indian company already owns 25.3% in […]

... written on Jul 20 2010

10th Malaysia Plan – Najib, the Sheriff of Nottingham

Malaysia will be bankrupt by 2019 (nine years from now) if it does not begin to cut subsidies for petrol, electricity, food and other staples which cost the government RM74 billion in 2009. The country has a whopping RM362 billion debt and could end up like Greece if the people do not agree to what […]

... written on Jun 10 2010

A Second Round of Recession or Major Correction?

U.S. Securities and Exchange Commission (SEC) still has not discovered or explained what triggered the now infamous 1,000 points plunge on May 6, 2010 – enough to wipe more than US$1 trillion in U.S. market value. The 9.2% drop was the biggest intraday percentage loss since 1987 and largest point drop ever. This event may […]

... written on May 21 2010

6 Mind-boggling Info about China That May Interest You

#1 » 40% of Chinese small businesses either went bust or almost went bust during crisis A report mentioned that just after 9 months China claimed its small business sector was surviving the global recession, new figures surprisingly shown that about a whopping 40% of them either failed or close to failing between Nov 2008 […]

... written on Mar 02 2010

Economy is Crawling – Scrap the 4% GST, Idiot

Allright, here are more signals that the global economy will neither skyrockets nor drops like a stone into the ocean. Basically people are convince that the U.S. economy will most likely crawling for years instead of months before the worst enemy – unemployment – is over. We, and to a large extent the Americans, may […]

... written on Dec 17 2009

U.S. Subprime and now Dubai Subprime – More to Come?

Looking at how poorly Maxis stock price performs since it’s relisting in the local stock market, those who didn’t get it through the supposingly transparent IPO balloting and was sulking can now grin from ear to ear (didn’t I tell you so? *grin*). The stock didn’t get to touch RM6.00 a share (as I expected […]

... written on Nov 30 2009

Why Stocks didn’t take cue from Jobless Rate?

Recession may be over, at least for now, but the same cannot be said about U.S. unemployment market. The jobless rate surprisingly surpassed analysts’ estimate (of 9.9%) to a staggering 10.2% in Oct, higher than Sep’s 9.8% jobless rate. Strangely enough the stock markets, both Dow Jones and Nasdaq, didn’t take much cue from the […]

... written on Nov 09 2009

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