Visit The Past to Know The Future…
Dear Friends & Families,
Today I was quite free during my lunch hour at my office and I browse my company’s Intranet. I read once the blog and get my head moving and turning to boost me to write more in my blog. Today I went and check out my CEO’s blog that has posted on the Intranet. It has a catchy phrase “Visit the past to know the future”. I hope I didn’t type it wrong.
When I looked on the catchy phrase it just like a lightning bolt jolt into my brain and many things just came out nowhere. Like what he said let’s not get to philosophical about it. We as human being always looking upfront and so do our futures lying ahead of us but do we ever think about pause awhile and take a look back to our past? I’m working in a financial industry and the current economic does give every investors a big scare. The world financial economy took a huge slide from the top. US economy takes the biggest impact due to the credit crunch. The world economy is been affected by the US economy slump and we’re glad our country is still not been affected to so much yet.. Our minister said that our current financial is stable. As for what I see is better to prepare for the worst if not we’ll be hit hard like the past Asia Financial Crisis. As we see know is a domino effects and soon it will be us next.
The US is a developed country and our country is still in the developing stage there is different between to status. Not just how good is the economy or technology but the way of spending trend. Most developed country spending is quite high compare to developing country like us. Singapore and Hong Kong to name a few countries that hit hard by this financial crisis/storm. Many employees got retrenched from their employer due to the world market slowdown. No one wants to spend anymore but rather to keep, wait and see. By doing this we can save ourselves from the crisis but do we ever think about when there is no more buying power the price will fall drastically? We need to balance up the buying power and selling power to get the economy to move again. If we’re not doing anything the market will just staggering at the level or worst fall to a point that we all will lost.
We’re lucky because we’ve survive two time financial crisis in the Asia and I hope this time we can survive. Many countries government are doing their best to keep all the banks or financial institution afloat to maintain OUR!!! Confidence in the market right now so we must take some action by not spreading rumors or accusation of one another. The US government has been injecting billions and millions of US dollar to many financial institutions such as Citigroup. As what that they said the US government afraid if Citigroup don’t survive this crisis many people will lose confidence.