Saturday, August 06, 2011

Real signal or false alarm ?

I guess the Wall Street cliche of "When US sneezes, the rest of the world catches cold" is still very much evident............The Dow broke the support level last Thursday and the rest of the world was not spared, plunging and plummeting.

And the talks of US going into recession with the budget cut has worried the world over and the problem has always been because of this...........US is the world's largest economy market.

So, what can we do, layman like us ?............ I guess we must go back to the fundamental,live life as according to the archaic adages of "cut the coat according to the cloth" and "every drop makes an ocean"

P/S : Whenever there is greed, there are uncertainties

16 comments:

  1. Everybody's talking about it now... Here we go again, have to tighten our belts. Save! Spend less and only when absolutely necessary.

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  2. Hey! FC again... Now where is my prize?

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  3. Hello,like you said,, i don't give prizes one lah,,you want prize,other blog lah,, hahahhahahaha,,,,,,getting even now, hahah

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  4. hehehe.. to both of u.. come to IPOH la.. got food prize one!!
    I try not to burn finger nails.. selling on monday!

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  5. me skinny like skeleton liao lor...kenot wear belt jor. Have to wear tali rafia jor.

    Claire...tak aci...only ajak both of them go Ipoh ah ? :P...

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  6. They are making us moody already. Do you think we should trust the rating agencies 100%?

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  7. save save save and be debt free as early as possible.

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  8. what are our lawmakers doing about it? they are too busy doing those stuff that does not benefit the nation .Worst still they will always give false message to those kampong folks that all is well.

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  9. US will probably get the AAA rating back again soon if they deal with the debt ceiling by Thanksgiving.
    China is slowing down and that will bring down Australia.

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  10. Just hope tht it won't hv much effect on our economy... *pray hard!

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  11. hhmm, and for folks like me working in US companies, we're forced to undergo lots of cuts here and there

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  12. it does look like the beginning of another cycle, unfortunately :(

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  14. now is the best time to buy US dollar :)

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  15. Maybe it is really happening ;P Maybe it's time for a change hahaa. The president have change, maybe their economy need to change to... LOL. Jaz kidin.

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  16. Market opened, market fell,wait wait,pick my choice,,,,,,

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