One Year On...

It has already been a year since the world's financial industry suffers it greatest setback in history ever since the Great Depression and has affected various countries around the globe. Luckily somehow or rather, the Asian economies prevail although our economies have also taken quite a significant hit. We all knew how the crisis came about after many media sources have taken great lengths to publicise and let the world know about the situation. Now one year on, has the economy finally recovers, for those that had follow the markets for the past few months or rather weeks, there had been various indicators that global economy is picking up with the US market more stable then a year ago but it is still low as compared to the boom before 2008. Singapore markets also had seen some rise this few weeks and GDP which reflect the country production of goods and services and economic performance, is good. Well just to add, this are info. that I had pick up from the papers, so I am not so pro yet to say where the economy is heading or not...lolz...maybe once I procrastinate less, I might learn more and see it better...lol

If I am not wrong, FM Mr Tharman said that the recent indicators of growth in the economy is not substantial, its because it is based on the public perception that the economy is doing well again and all but the market is not seeing an inflow of investments yet from the companies or lending instituitions themselves so it means that some companies out there are still struggling as the actual demand for goods aint there yet and the companies realised it yet, however people out there felt that economy is bouncing back and all. Well, I do not know whether is it true a not, but previously when Robert Miles came for his talk in Singapore, he commented that he is still seeing people shopping happily as if we aren't in a technical recession at all, whereas in the states one can noticed that people are going for more budget items and packages instead of maybe branded goods? So, maybe he is right?

Anws it has been quite awhile since I last read my investment book le, I better hurry up if not once it is due to be return back to library, I wasted time again...lolz...