tag:blogger.com,1999:blog-18183714.post3884808843839673458..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: HK Govenment Did The Smart ThingSalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-18183714.post-56830808415564038512008-10-31T18:03:00.000+08:002008-10-31T18:03:00.000+08:00Financial experts? Wasn't it the so called 'Financ...Financial experts? Wasn't it the so called 'Financial Experts' aka IMF who told Malaysia to increase interest rates and reduce government spending during the 1997 financial crisis?asdf1234https://www.blogger.com/profile/05180201311316314711noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-56594054811391817492008-10-31T10:46:00.000+08:002008-10-31T10:46:00.000+08:00Well as they say if you pay peanuts you get monkey...Well as they say if you pay peanuts you get monkeys but then again see how much they paid those in Wall Street and see what a mess those geniuses created that government servants on civil service pay have to clean up after them.....no hard & fast rulesUnknownhttps://www.blogger.com/profile/10784003176014922383noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-41471286943927917202008-10-31T10:11:00.000+08:002008-10-31T10:11:00.000+08:00We must be realistic,pragmatic and not expecting f...We must be realistic,pragmatic and not expecting for our existing "frog" to initiate "smart measures" that could reduce the negative impact of the ecomony meltdown as they had live under the same well since the 1957..... <BR/><BR/>This is particularly true when following comments were still prevails in our daily news:<BR/><BR/>"..there wouldn't be any downturn and we will be insulated from our earlier initiatives our export diversification to Asia region". <BR/><BR/>The true fact is more than 50% of our export earnings are still concentrated in US, Singapore, Japan, China and HK. With the down turn in USA....yet no impact to us ?????<BR/><BR/>The assumption for petrol = US125/barrel, palm oil = RM 2500/MT were use to projected 2009 earning.....yet no impact to us ????? <BR/><BR/>"The formation of PKNS is to serve the bumi interest. How can non bumi being appointed to lead us". <BR/><BR/>The reality is can we survive without meritocracy in the wake of globalization ? <BR/><BR/><BR/>Hence, We need miracle to save our motherland (perhaps, a miracle like new discovery of new oil reserve in west coast of peninsular) and more impotatantly to realign yr earning and spending pattern in anticipation of the next 2-3 years of great depression of 2009-2011.<BR/><BR/>"Asked what you can do to safeguard yourself; asked not what the country can safeguard your self". <BR/><BR/>Perhaps this is a more pragmatic attittude during the difficult periods. <BR/><BR/><BR/>"What type of people (majority) around; what type of government around".<BR/><BR/>Perhaps, we all together needs to change when come to the election in 2012-2013.<BR/><BR/><BR/>Good Day.Datukhttps://www.blogger.com/profile/07354574631891772131noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-75634396666257422472008-10-30T21:45:00.000+08:002008-10-30T21:45:00.000+08:00to me singapore is in a bigger hole... hk did not ...to me singapore is in a bigger hole... hk did not have the same ferocity in property surge as singapore over the past 3 years ... plus hk fortunes more tied to china now, and very hard to stop china... and yes I do think they bought heavily in hk stocks last few daysSalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-81053099492996647702008-10-30T21:22:00.000+08:002008-10-30T21:22:00.000+08:00Who is in a biggest hole ? Spore or HK ? Did the C...Who is in a biggest hole ? Spore or HK ? Did the Chinese govt went in and support the Hang Seng last Tue ?Unknownhttps://www.blogger.com/profile/08313271909311887236noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-61330065301803120852008-10-30T20:13:00.000+08:002008-10-30T20:13:00.000+08:00DaliExcellent suggestion. We do have enough of the...Dali<BR/><BR/>Excellent suggestion. We do have enough of the "best and brightest" within our Malaysian shores. And, you're right, you get what you pay for. This is something the Americans are always clear about.<BR/><BR/>Why the Malaysian government never do this, but instead, convene ineffectual Economic Councils.de minimishttps://www.blogger.com/profile/06478671079348612565noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-63961622068972646082008-10-30T20:01:00.000+08:002008-10-30T20:01:00.000+08:00Salvatore,And...perhaps we should look into how ma...Salvatore,<BR/><BR/>And...perhaps we should look into how many paid consultancy advices ended up in tears?<BR/><BR/>Moody and S&P were paid by issuer for advice, and they issued advice that the issuer wanted to hear. And look what happened.<BR/><BR/>Lehmans/Bear paid their executives millions for perfectly good advie that drove them to bankrupcy.<BR/><BR/>It is OK to pay, but the payment has to be from a neutral source. <BR/>Also, the pay must be linked to the outcome of their recomemndation (and this has to be able to go negative).easystarhttps://www.blogger.com/profile/16551595909624078074noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-74582718330477530702008-10-30T19:56:00.000+08:002008-10-30T19:56:00.000+08:00easystar,no need to be so cynical... if by yr argu...easystar,<BR/><BR/>no need to be so cynical... if by yr argument then we should not pay people for advice ... when you don't pay, it usually cost you more in the end... ppl who do not receive payments upfront and in the clear would be expected to be compensated via some other ways... I'd rather we be upfront and tell all how much we paid for consultancy...SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-6998894636285420152008-10-30T18:59:00.000+08:002008-10-30T18:59:00.000+08:00I suppose paid finanicial expert are then influenc...I suppose paid finanicial expert are then influenced by the people who pay them (who in this case will be Ministry of Finance) (hint: Who is the minister of finance now ?)<BR/><BR/>And how many of Malaysian Royal Commission reports are put straight into the bin ?easystarhttps://www.blogger.com/profile/16551595909624078074noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-41064862638664442542008-10-30T17:35:00.000+08:002008-10-30T17:35:00.000+08:00hehe...too bad expert dont like having tan . If on...hehe...too bad expert dont like having tan . If only they are a bit tanned like Louis Koo Tin Lok, then they can be of service to MalaysiaCSKhttps://www.blogger.com/profile/11394172398815447777noreply@blogger.com