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Economists at the World Bank predicted that the global economy will shrink for the first time since World War II with trades at its lowest in 80 years. You may not like it but it seems this Great Recession that we’re riding on is going to be the longest since World War II, making the […]
... written on Mar 09 2009Who would have thought that the mighty Citigroup Inc. (NYSE: C, stock) could become a penny stock one day? It was unthinkable as the American brand was once the most powerful bank on the planet earth and to flash your Citibank Credit Card was a privilege that Mr. Bean would not get tired of. Citigroup […]
... written on Mar 06 2009Like it or not we may be entering the Great Recession without us realizing it and only time will tell if we’re indeed walking into the history. So how does it feels or just how comprehensive is this so-called Great Recession? In reality unless you’re in the manufacturing or other vulnerable sectors and have been […]
... written on Mar 04 2009Two scariest (or rather amazing) things are to be remembered as we entered the month of Mar 2009. First – the Dow Jones Industrial Average has finally breached the 7,000-level when it closed at 6,763.29; a loss of almost 300 points. The Dow hadn’t traded below 7,000 since Oct. 28 1997 – 11 years ago. […]
... written on Mar 03 2009Malaysia‘s GDP (gross domestic product) registered a growth of 4.6% for 2008, shrunk from 6.3% recorded in 2007 and lower that earlier projection growth of 5% (for 2008). However the fourth quarter’s (Oct-Dec 2008) growth was at disturbing 0.1% growth compared with 4.7% in the third quarter. That’s if you believe these numbers have not […]
... written on Mar 01 2009It’s funny how the government could be held ransom by the already fat toll operators making millions of dollars of profit from the lopsided concession agreement. But I supposed it’s not the fault of the current administration namely the outgoing Prime Minister Abdullah Badawi and certainly nobody can point their fingers faulting the Works Minister. […]
... written on Feb 26 2009I was wondering if some hackers were recruited by the federal government to hack my notebook to either plant some Trojan horses or just to deny my access to the internet – surfing was bloody slow that I could leave my notebook to fetch its pages while I disappeared into kitchen to cook a bowl […]
... written on Feb 25 2009U.S. financial crisis is getting worse and it seems the current cycle of recession could stretch deep into 2010. While it was a good sign for traders to short the stock or whack the Put Options when Dow Jones plunged below 8,000-level recently, the global financial systems could experience turmoil many times worse than 1997-1998 […]
... written on Feb 24 2009Ever since the federal government (or rather UMNO) forcefully taken over one of opposition’s states of Perak the de-factor opposition leader Anwar Ibrahim couldn’t afford to smile as much as he used to be. Just like the stock market Anwar was charging like a bull as if the market was experiencing Super Bull-Run after his […]
... written on Feb 22 2009One of the readers asked me about Genting Group’s (KLSE: GENTING, stock-code 3182) stock, a company I last wrote in June 2008 and since then I never look back. The stock was on free-fall back then and I presumed nobody dares to catch a falling knife. In fact when the group succeeded in its bidding […]
... written on Feb 21 2009
