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Thread: Are u worried about the economy?

  1. #1
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    Are u worried about the economy?

    Right now, there is panic among many people. Big companies gone crashing, or struggling. Morgan Stanley, AIG, Lehman Bros, Merrill Lynch....and more....

    Even in Malaysia, people are spending less....the newspaper reported less sales this coming Raya...

    If people are worried, they buy less, they spend less. Advertisers will spend less...and so forth.

    As webmasters who make a living from the net, are you worried? Let's talk.

  2. #2
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    Don't worry
    Going to Taiwan on June after the ACCA exam.WOOHOO.

  3. #3
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    USD is appreciate current, 3.42:1 compare to 1 month ago 3.24:1

    Still a good news to me

    The most funny thing is s'pore people kiasu behavior, go to AIA to laps their insurance account
    I blog IT Engineer LIFE at iCalvyn.com

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  4. #4
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    the economy is moving downturn..
    buy the needs only if you
    can't get it at lower prices..

    spend less.. eat less..

  5. #5
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    this is not the economics i study in college the last time.

    if everybody spend less, eat less, our country money will not flaw and circulate. it will worsen the inflation.

    even thou country inflation level is not high claimed by bank negara, but we all feel it's terribly high. there's not enough money circulating in the market and people are not willing to spend. mega projects tidak jalan. contractor no money, sub contractor no money, sub sub contractor also no money. small business is doing shit and politic is very unstable. obama & mccain is fighting. badawi & anwar is also fighting.

    world economy is not balanced. if one country economy is not performing, then another country will benefit. so who benefits from the world economy turmoil?
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  6. #6
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    sure thing..
    Politics just been unstable..
    as we can heard, sept 16 is a holiday
    in Penang..but Malaysia didn't..

    From analysis, the country
    should benefit is AS..
    major playmaker in currency, share trading..
    Oil country Arab Saudi, UAE, including
    Malaysia..

  7. #7
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    Who benefits in bad economy ?
    people smoke less during bad times,
    possibly because of the cost of cigarettes.
    Some people tend to eat healthier
    because they're eating at home more often...

  8. #8
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    Quote Originally Posted by canagdesigner View Post
    the economy is moving downturn..
    buy the needs only if you
    can't get it at lower prices..

    spend less.. eat less..
    that's the most wrong step. Wrong perception too.. it shouldnt be like that.
    (but jimat cermat is the POOR PAK LAH GOV style.. no wonder malaysia geeting weeker now).

    Remember back a topic i was told earlier, (i dont remember what the topic.. but in this WMM). I was told, the economy going turndown and down.. KLCI falling again and again, but seems someone(s) argue with me. It's happened now.

    Im not economic expert, but i do know much.. maybe better of some business study graduate. :lol:.

    In current economy situation... we better try to multiple stream our income. Dont spend less, dont eat less.. just do like usual.. but keep gain more money to our pocket!. From where? that go find by yourself lah.

    Remember ex-PM Mantan Tun Dr. Mahathir did on 98/99 crisis.
    "Teruskan berbelanja seperti biasa, banyakkan sumber-sumber baru seperi SME, biar duit kita berkitar dalaman seperti biasa". Something like that lah.
    Last edited by mysticmind; 23-09-2008 at 10:18 AM.

  9. #9
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    thanks for the idea..

    while in 99'crisis much worsen..
    it could be the end of Pak Lah..
    nothing left..

  10. #10
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    Malaysia Economy look like very good.

    Week days I pass by shopping mall to my client side for system servicing... In site the mall, the Japanise food restaurant is full...

    some more expensive restaurant... more then RM15/meal

    me and my colleague look to each other and our mouth open cannot close
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  11. #11
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    that is Japanese restaurant serving..
    we have to commercialise us..
    like fried western chicken rice..

  12. #12
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    I noticed that even Adsense is paying less and CTR has fallen since the banks went bankrupt. You can tell, less advertisers putting in money....less people in buying mood - A vicious cycle.

    Now the US govt want to pump 700 BILLION USD into their economy, and resulting in even more uncertainty there....

    It will hit Malaysia, but our govt is not doing anything, more busy with politicking, ISA, and creating scandals...macam budak-budak kecil

    This is the first time since late 1990s when worldwide economy going thru bad times, probably the first for the Internet era...because in the late 1990s there was hardly an Internet like today.

    The first time....Are you prepared?
    Last edited by Coolio; 25-09-2008 at 10:06 PM.

  13. #13
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    Mahathir is right. malaysian have to keep spending as usual. if everybody spend less, then we don't have enough money circulating around. if there is no demand, then everyone susah cari makan..

    Anyway, I think the one benefit from world economy turmoil is CHINA. altho i don't study much in this recent scenario, but my six sense is telling me china has the most money circulating around in the market now because of oylimpic mega-projects, olympic tourism and aggresive china stock market. can see the drop down in public mutual fund website very fast everyday.

    I also think Middle east economy is not doing very well. World fuel price is dropping, and American politic battle now already followed by big company bankruptcy. It's ally like Philippine & Europe feel the pinch. ASEAN countries like malaysia & thailand also getting worse.
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  14. #14
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    many overseas insurance like MCIS Zurich, AIG
    and few else is getting smaller by reducing
    the staff.. Banks and related will soon later..

  15. #15
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    Saving is important, but not the ultimate answer. Our incomes have to match or exceed the inflation rates. Where to find? Affiliate marketing lo.

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