For the past two weeks, I have been gathering info on market outlook for 2009 and the conclusion is Bad economically:
A banker said export has dropped.
A well-known local retailer said sales has dropped 30%.
A car seller said sales dropped.
A restaurant owner said less people eat out now.
A pub owner said business has dropped by 50%.
A coffee shop owner said sales is as usual.
My conculsion is if everyone cuts down their spending by 30%, of course local market will shrink by 30% and it has nothing to do with bad economy. So isn't it clear most of us have in fact over spent all this while? If you can survive now with 30% less then why not spend wisely?
But my urge to all, during this bad time due to external effect, do spend more in order to boost local economy.
Adios 2008 and Welcome to 2009!!! Happy New Year to all my blog readers and Wishing you more spending in 2009.
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Welcome to my blog. This site is dedicated to publishing my writings as and when I am able to pen my thoughts and opinions. None of the written materials may be reproduced without getting prior written consent from the writer. Comments must be accompanied by names or pseudonyms. Anonymous postings and those containing profanities and obscenities will be rejected.- PTKL(C)2007-2008
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Preface
Welcome to my blog. This site is dedicated to publishing my writings as and when I am able to pen my thoughts and opinions. None of the written materials may be reproduced without getting prior written consent from the writer. Comments must be accompanied by names or pseudonyms. Anonymous postings and those containing profanities and obscenities will be rejected.- PTKL(C)2007-2008
6 comments:
MBs,
If the economy outlook is going to be BAD, can I propose that we postponed our trip to KK? Say year 2010. Ouch, it hurts! As I type, I can hear someone yelling at me right into my ears. I wonder why?
Did I say anything wrong? Propose only mah? I didn't say cancel-leh.
Joe, whats MBs??? or it should be BMs...
What? I can't hear you Joe... Would you mind to say it again...
May I propose to have long awaited open house starting from Mr. Tee...at least to pump in the $$
BTW, you have forgot to ask an insurer...budget for 2009 had increased by 15% ?
In this situation, life still goes on and we must strategise ourself to suck the most juices !
So Joe, we are going to live like a king in that 3 days..gosh I wish it is now...how the dayang2 serving us..muacch !
Hei MGB,
X'mas and New Year is over.
My open house for 2009 X'mas ok lah.
It is hard time ahead.
Anyone has idea how to be rich during recession?
Yes,
1) slaughter the price of property up for sale (before auction) and make sure buy cash in order to better bargaining of the price;
2) invest in BLUE chip stocks.
Both the above may take >2 years to recover.
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