Wednesday, July 2, 2008

Economy In Jeopardy

As the political game turns ugly, investors will become increasingly nervously. While they may continue to stay on, they may not be putting new money into their investments. Less jobs will be created in the coming months.

A large part of the unemployment in Malaysia has been disguised by "self-employed" people engaging themselves in speculation in real estate and the stock market. With confidence lost in the coming months, the speculative bubble will burst across the markets. The banks will be hard hit, and so will be the people - furthermore, having to face sharply higher costs of living.

Hungry people could be persuaded to do vicious things.

And all the economic leaders in the government and public agencies will be shown to be insubstantive in ideas, after their current stance of "wait and see as everything so far is still so good."

No comments: