Recession??
It was another weekend, but spent at my home in Melaka. I even took an extra leave. After the burglary incident, I thot it is best to calm my dad and mom by being there with them. Also, it could be a good therapy for me. I was feeling a bit down lately. What better way than spending time with your loved ones?
Back in the office, upon reading the tonnes of emails, there is one that really caught my attention. It's about the impending recession. Pretty scary too...I heard bout it for sometime but after reading that mail..I need to reconsider few decisions, I guess. Tp rumah dah beli..camner nak cancel nihhh??
Sila la baca yer..Nak percaya tuh, up to ur judgement la..
> A friendly reminder from a friend!!!
>
> Recession is coming .... make your own judgment, don't
> panic !! Do what is wise. The recession looks very eminent.
> It is really time to take pro active steps to avoid a
> painful time in the next two years which is how long the
> recession is expected to last.
>
> Suggestions:
>
> 1. Don't take any loans; buy homes, properties with
> loans, or even cash. Keep as much cash as possible.
> 2. Pay off as much of personal loans, private loans, as
> debt collection will be hastened.
> 3. Sell any stocks you can even at lower prices.
> 4. Take money off from Trust Funds.
> 5. Don't believe in huge sales forecast from customers,
> be extremely prudent, lowest inventories, reduce
> liabilities.
> 6. Don't invest in new capital.
> 7. If you are selling homes/ properties/ cars, do it now,
> when you can get good prices, they are going to fall.
> 8. Don't invest in new business proposals.
> 9. Cancel holiday plans using credit cards.
> 10. Don't change jobs, as companies will retrench based
> on 'last in first out'. Stay cool, wait, and if you
> took all of the above actions and more, you probably will
> be better off then many.
>
> This is not a rumor. Bear Stearns is the first of many
> banking and financial institutions that will start falling
> in the not too future. If Bear Stearns can fall, so can JP
> Morgan, Citibank, HSBC, and the whole world. US economy
> falls, the rest will crumble.
>
> India and all those self economies will be the most
> protected, but not gullible. Europe may be a little
> stronger, but not China, another giant! Malaysia will see
> significant impact.
Back in the office, upon reading the tonnes of emails, there is one that really caught my attention. It's about the impending recession. Pretty scary too...I heard bout it for sometime but after reading that mail..I need to reconsider few decisions, I guess. Tp rumah dah beli..camner nak cancel nihhh??
Sila la baca yer..Nak percaya tuh, up to ur judgement la..
> A friendly reminder from a friend!!!
>
> Recession is coming .... make your own judgment, don't
> panic !! Do what is wise. The recession looks very eminent.
> It is really time to take pro active steps to avoid a
> painful time in the next two years which is how long the
> recession is expected to last.
>
> Suggestions:
>
> 1. Don't take any loans; buy homes, properties with
> loans, or even cash. Keep as much cash as possible.
> 2. Pay off as much of personal loans, private loans, as
> debt collection will be hastened.
> 3. Sell any stocks you can even at lower prices.
> 4. Take money off from Trust Funds.
> 5. Don't believe in huge sales forecast from customers,
> be extremely prudent, lowest inventories, reduce
> liabilities.
> 6. Don't invest in new capital.
> 7. If you are selling homes/ properties/ cars, do it now,
> when you can get good prices, they are going to fall.
> 8. Don't invest in new business proposals.
> 9. Cancel holiday plans using credit cards.
> 10. Don't change jobs, as companies will retrench based
> on 'last in first out'. Stay cool, wait, and if you
> took all of the above actions and more, you probably will
> be better off then many.
>
> This is not a rumor. Bear Stearns is the first of many
> banking and financial institutions that will start falling
> in the not too future. If Bear Stearns can fall, so can JP
> Morgan, Citibank, HSBC, and the whole world. US economy
> falls, the rest will crumble.
>
> India and all those self economies will be the most
> protected, but not gullible. Europe may be a little
> stronger, but not China, another giant! Malaysia will see
> significant impact.
Comments
p/s: tak sempat lg aku nk ber-email2 dgn ko from my new work-email hahaha..