We are nearing the bottom of recession

I have sleepless night-Vikram Pandit

Citi - The bank that never sleeps, That's y the CEO can't sleep at night.

Just 1 week after my post about citigroup and malaysian's RM 60 billion stimulus package, the sentiment in the global economy has changed. There seems to be more optimism. Many economist says they sees the economy is going to be bottom up in the mid of 2009 and starts to recover in 2010. This was my assumption before those economist starts barking. wahaha.. i am arrogant..

The wall street has been on the up trend for the previous 1 week. It surge!!! not just marginally up. It surged for 4 days and only pull back a little for 1 day. That is a very obvious sign that the market is stabilizing. No more roller coster ride of going up 300 points one day adn down another 400 point another day. Good news seems to be flowing around for the week. The housing indicator in America is showing a positive growth sign, the US government has announced that they are going to buy USD 300 billion worth treasury bond today(this is going to provide further liquidity in bank hence lower the mortgage rate and spur the housing market), Ben Bernake says the US economy is going to recover in 2010. The stream of good news comes after tons of bad news for the past few months. Citigroup share SOARED from less than USD 1 to USD 3 in one week time. All this shows that investors are gaining confidence in the economy.

Full fledge recover may not be seen this year, 2009, however, I am positive for the outlook of 2010. 2010 would be an exciting year to look forward to. The China will resume it's growth pace, US would be prospering again.

How will Malaysia performs. Actually I am not optimism about Malaysian economy as it's partially insulated from the world economy. Malaysian is less during the crisis means it will not be able to enjoy the full benefit of the boom time, as the asset price would be lagged behind. The Malaysian economy would not be able to attract the amount of FDI that is being attracted by Singapore and Hong Kong. Maybe we can try to get a job in SG to join the world economy boom party in 2010. I am looking forward to it.

Let's hope for the best.

cinema, monies, works..

Oh... there are many things that i wish to do.  I wish to go to cinema, i wish to earn monies without working..  i wish, i wish, i have a thousand wish.

my blog is in a mess now, i don't how to design my blog so that i has a flow of stories where my reader will like.  I wish that it will not be my diary where i just brag about anything that is in my mind.  but my blog seems to be working into the latter way.  I am too lazy to find facts to support my statement in blog.

Well, become a professional blogger may not be my cup of tea, but I do enjoy the fund of browsing other people's blog.  maybe my blog will only act as the introduction of me to others.  Don't look too serious to blogging as a business.  Just as other celebrity business, there are only going to be few celebrity bloggers.  and i am sure i wont be one.  

Iphone + Maxis

Here is the hot topic for the handphone industry in Malaysia. Our dearest Maxis, the biggest mobile network provider in terms of subscribers (over 10 millions) is going to lauch this global HOT PHONE in Malaysia.

I will surely be a hit. Why I am saying this.. because my boss just told me this morning that he is going to get an iPhone. My boss is 59 years old.. gosh.. he is even older than my dad.. and he wants an iPhone.

Hmm.. I will definitely not getting one, as it's too expensive for me to afford. even you sign on their package, it is going to cost u above 1k.. that is a lot of money to me, haha..

RM60 billion stimulus package, Citi operating at a profit

I am not trying to commend like a financial expert.  I am just uttering out my gut feeling.  What does the above event means to Malaysia?  

Since the financial tsunami started in mid 2007, the global market has been washed with wave and wave of bad news.  The collapse of Lehman brothers has created the crisis of confident in the financial market.  Suddenly everyone started to hold the handbrake, all of a sudden, nobody wants to lend, and the river of money just stop flowing.  It caused a big problems for companies who needs credit for their businesses to continue to run.  That is the bad things about bank, they only lend u money when u don't need it.  When you desperately needs money to run your business, they will shut the door and says,"we are pulling back to limit our exposure"  this is life..  everyone wants themselves to be taken care of.  Story like this continue.  In the end, the government has to stand out and provide credit to the illing company like GM, Chrysler, Big banks..  to let then river of money to continue to flow.  If the river stop flowing and dried up, that's it, our society's prosperity will end.  The worst case scenario would be we will go back to gold standard and suddenly you will find your wealth shrink to 1 tenth of your current worth.

The dilemma continues and suddenly Citi says they are in profit making position for the first 2 months of 2009.  That is a great good news to everyone.  As Citi is the largest bank in terms of asset base, Citi making profit means ppl are paying their loan in Citi, ppl has money to pay back their loan.  This is definitely good sign as river of money shows a sign of recovery from stagnant. 

At the same day, the Malaysian government has tabled the RM 60 billion worth of mini budget which gives incentive to all levels of the society.  There are criticism that the stimulus package is not enough to prevent the country from getting into recession.  However, I am optimism.  If the US is recovering, or not to say recovering, where the recession in US is bottom up, the stimulus package in Malaysia would be just nice.  Instead of pumping in more money which will pose the inflationary threat for the country in the future, the 60 billion package may provide a buffer to the economy from slipping into recession while waiting for the global economy to recover and prepare our people for the next economy boom party.  

I might be optimism.. haha..  The odd is I might be wrong as most of the experts are telling us that the bad times are ahead.  Let's see what will happen next.  

The best shares to invest in for the moment is those related to platation, oil and gas where share prices have been battered down because of the financial crisis.  One undeniable fact is, energy is always in demand.  Therefore when the economy recovered, the 1st to lead the rise would be energy and commodity related stock.  

How to make your blog more interesting..

Here I am updating my blog again. Now the topic is how to make ur blog more interesting.

1. put a lot of photo.
2. put ur naked photo
3. put ur naked photo with a porn stars
4. put ur naked photo with porn stars and advertise on the facebook
5. sing a song like negarakuku, post on the youtube and link to your blog, get spotted by ppl, start spreading on the internet, get caught by malaysian police, appeared on the news paper, you will be a celebrity almost overnight.

It is so easy to be famous nowadays.. Haha.. but sadly i dont have the talent to compose a song.
Neither I have ball to capture my nude photo.
Therefore I will just stay low profile and live my boring life.

hua hua hua....