The suprime mortgage problem in US had dragged down the world's stock market. DJIA is dropping, FTSE is dropping, HSI is dropping, do so KLCI. Most of the stock markets are in volatile phase, up and down repeatedly. FED tried to cut the interest rate to resolve the subprime mortgage problem, however this only results in the depreciation of USD. The continuous dropping of USD will lead to the collapse of world's finance market. Are we in recession already? Many experts predict that the economy crisis will come after the Olympic Games 2008. The China stock market is very hot this year, China people are queueing to open account and trade shares. Does thing always happen in such a way that we wish for???
Got some bad news from the newspaper, petro price will increase to 2.XX next year. In four years time (2011), we'll be pure importer for crude oil and no more subsidiary from government, the petro price might climb to 4.xx . My goodness! ! Imagine this....u need to pay 300++ for petro monthly in the future and everything else also increase in price! Dare not to image future life...know nothing is better. Sometimes, being an ostrich is a blessing...hahaha.
All the scientists, please find an alternative for petro - biodiesel, gas etc. Work harder, ok...thanks!
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