Posts tagged ‘felda’

November 29, 2008

Wake Up Call – Mathias Chang


In an excellent recent article by Mathias Chang entitled “Flip-Flopping Fairy Tales – Malaysia Will Not Have 3.9% Growth In 2009 – Accepting Reality Is Not Pessimism, Giving False Hopes Is Not Optimism” , he challenges the nation’s leadership’s position of ostrich economics.

Surely, his grave warnings may sound like doomsday prophecy and may be brushed aside as wild speculation.  Surely, the Badawi Administration can come out and say quite the opposite that all will be well and Zeti says we will not be in a recession next year.  Yes, people in the right places can come out saying almost anything about the well-being of our economy.

But guess what?  Only we the Rakyat will know and has known for a while now that tough times have arrived and tougher times ahead.  It’s not about talking ourselves into a recession but to face the realities and do the right things.

Here are some of Mathias Chang‘s predictions (read here):

  1. by H1 of 2009, the KLCI will drop below
    read more »