For once TELL us the REAL TRUTH

I think the decision to leave interest rates at 3.5% is going to be disastrous for the Malysian economy. In a slowing economic environment, any reduction in borrowing costs would be welcome and we have witnessed economies elsewhere crimping their rates to stimulate economic activity but the reverse is true in Canland. what is surprising is the decision comes in the wake of moderating inflationary pressures (though still high). Anyway much of that inflation was due to the silly fuel-hike in June and not due to monetary policy anyway.

It is high time, the guvnor come clean about the hard truths of the malaysian economy and the local banking sector which my sources tell me are on the brink of a mini meltdown of their own what with bets on subprimes, credit swaps etc unraveling + plus ill advised forays into the jungles of Indonesia and elsewhere.

Coming on the heels of the shelving of megaprojects, the peculiar price of local pump petrol despite plummeting world prices (below the June levels certainly), the deposit guarantees and now the proposed gradual dismantling of the NEP + the termination of 50K contract staff, the net outflow of foreign funds .. the stench of the elephant carcass is getting so strong that you possibly cannot cover it up with fake Dior "Poison" can you unless you are magician.. but then the magic conjuring of economic data has long been a Canland forte in recent times.

Dont give us the canard of a surplus current account, i for one am not stupid enough not to know that when capital goods + luxury stuff imports slow down, a surplus is the result and it aint healthy as it is a sign of an anaemic economy - an indicator of an underlying deceleration in economic activity. Well..i am just a farmer ..right?

Revert: I think the real truth about the economy needs to be told NOW..... not after. i dont think the hoilloi polli will enjoy eating dust as a lifestyle choice. They are already doing that in Haiti.

Rising Waters in Cooling Temperatures

Funds are pouring out of emerging markets," said Linus Yip, a strategist at First Shanghai Securities in Hong Kong. "A lot of money that flowed into the region during the last five years from the U.S. and Europe is being cashed out. The global crisis has come to Asia."

Yes, it surely has. Slowly and impercetibly it is creeping up, lapping at the doors of confidence and washing in the flotsam of fear through the crevices of doubt. But in Canland, everything is sunny and cheery. Rebel boy has strangely reverted to his choir self in the knowledge that this tide is not a child's plaything. His pals elsewhere reduced to gibbering freaks gawked at by all and sundry. The market is for all intents and purposes long dead and capitalism, yesterday's song and today's dirge, is shuffling slowly away to its yawning grave.


But elsewhere children frolic, ignoring the peril of the advancing tide. Mummy! we are save .. arent we behind old daddy's levee? Wrong sonny, this tide is just the beginning. Watch it rise and surge through your callow self, washing away your puny dreams . Yeah.. hear it roar through your flimsy castles, watch it smash your forlorn hopes. Feel it gush through your despair and ripple past your fallen pride before whirling around your tragic sadness and as your complacent self drowns in its unabating fury hear it gurgle into your stupefied soul.." I told you as much : World stock markets tumbled Friday on growing alarm that a global recession will ravage corporate profits and push smaller developing economies to the brink of collapse.

Now stop pouting you silly boy... and batten down them hatches before its too late!

Revert: The best thing to do now..is to liquidate each and every asset you possess and hoard the gains under your pillow!