Wall Street sagaa

I know its a little late, but i was caught up with so many things that couldnt find time to cough out this entry that warrants half the amount of my brain cells to work. Hahaha. Well, it was on the Australian Post (Finance section) that Wall Street crashed. For ignorants, its not like Sesame Street, neither isit a street full of walls being destroyed by a group of punks using explosives. This is a perfect example how politics, and money, and possibly psychology works in a local/global realm. I guess being a president IS that difficult after all. Having to practice what you preach in the campaigns you once ran for, it HAS to be in your blood even after you get elected. USA is really known for its democratic approach, but for them to be a LITTLE communist, its like teaching a stubborn mule.





Wall Street crashed because the US did not approve the bailout plan. Just because of all the dilly dallying, TRILLIONS of dollars went up in smoke. Quoting Joshua (from my hall), "THATS A FREAKING BLINKING HELL LOT OF MONEY!" And then, now their back to the drawing board. How'd they actually decide whether anot to give the green light to the bailout? Via their most democratic style. Voting. I'm not sure who voted, but if the people of America voted (like normal citizens), then I'd doubt the decision was made right. Even though I feel people should have a chance to give their take, decision cannot lie solely among the people. No prizes for guessing, the people voted against the bailout because they cannot raise 200million. WHOA WHOA WHOA, wait a minute. what do they mean they cannot raise 200million?! Thats a joke. They have richest (or once richest) man Bill Gates there wondering what to do with his money because Microsoft is still generating millions of dollars per increase in 1 cent in the stock market, and YET they claim they cannot do it? Can you hear something? my toes are laughing and my tummy is roaring!





What now? Within weeks, I've heard of companies being bought over, companies closing down.. etc. I bet those employees who ONCE had a 6k-per-month or maybe 10k, would be wondering what should they do now. Thats sad. But yet again, being a president may not be the easy as it seems. Being the SR Nathan you see in every CC, every school hall, some companies, may not be as easy even though you think he might be sleeping everyday in the Istana with MM Lee doing all the hard work. US president might've staged an uproar in his country if the decision went the other way. I guess being people at the top, you HAVE to make critical decisions like that. Its not all about signing this contract, hiring/firing this person that makes you the CEO or the key person that runs the company. Its about THE critical decision you have to make when tough nuts come your way. ESPECIALLY WITH TRADE OFFS. (ie. tradeoffs in layman terms mean do this, something bad happens. dont do this, something bad STILL happens, but in another sector.)


In all due respect, I still think the US president made the "right" decision. The most politically correct one. By not pumping in the money, it keeps every thing high. Including one thing we want to keep low most, OIL. Perhaps petrol prices may have fallen abit.. but I think it wont stay there for long. Then again, oil being slightly cheaper dosent mean everyone of us go to the nearest BP/Shell/SPC/Esso SPECIALLY just to stock up on petrol. I know you kiasu Singaporeans. Dont kill the earth. Dont kill the engineers who spend so much time effort digging for oil, only for us kiasu Singaporeans/ Asians/ Angmohs to suck the oil tank dry every time its being refilled. Actually I think oil is quite a bad example, but I cant think of any more at the moment, but you somehow get the point.


And then the opposite decision, to pump in the money for the poor to tide on by. But I doubt this has any effect in Singapore. Recession come only, increase price. Recession go only, the price stays and never goes back down. Singapore mentality: If business can still be good with the increased price, then why should we lower the price to what it is before? Smart bakchormee uncles and clever carrotcake aunties. It'll be their loss not to remain at the higher price! What to do... sad.


Gone are the days of 25 cent Macdonalds icecream.
Gone are the days of 1 dollar Nasi lemak with chicken wing.
Gone are the days of 30 cent syrup drink.
Gone are the days of 5 dollar macdonald value meals.
Gone are the days of 45/35 cent bus rides.
Gone are the days of not worrying about ERP.

We'll tide through this. =)