Archive for October 18th, 2008

October 18, 2008

State of Denial?


The US markets have been tumbling due to the crumbling of mega financial institutions.  Their government has taken swift action to shore up the impact.  The European markets are having the tremors.  The Asian markets are significantly impacted.  Even Singapore announced that they are in a technical recession.  But our Malaysian Government says we are still well protected and we will not be hit as bad as other countries.  What other countries?

Is this true or are we too busy with party elections?  Are we in a state of denial that our economy won’t be impacted much and is still very resilient?  Certainly, we want to believe that to be true.  But is it?

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