Bad News
World let get ready for the worst day to come.
World let get ready for the worst day to come.
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The raising of the oil price will soon have great impact to our economy. It is true enough that the surge of oil price since the end of last year is ready damaging the all countries. If the price stay at current level for few months, country growth shall fumble by full percentage point and if price reach at US$140 barrel above it could push most countries into recession.
Tsunami and TEPCO nuclear disaster and today another earthquake stroke Japan is already driving Japanese economy into nightmare. War at mid east, LIBYA as world largest oil reserve, intervention by American and NATO and the bombardment oilfield by NATO or Khadafy’s regime could for very long time drive the world hungry for the fossil fuel. Riots and internal political conflict in all over mid east countries look will last for many years to come.
The expert should warn the world about the potential for economic hardship and another recession is a step away.
In Malaysia, if oil price remain above US$100, it is not good for economy growth. The government certainly has to cut the development expenditure and to maintain the economy and political stability- my government is spending more for subsidy
Now ding is asking: “WHICH CULPRITS ARE GETTING RICHER?? AND HOW TO TAKE THE OPPOURTUNITY DURING THE HARD TIME???”
Also
Ding said : "get ready the numbers of suicide attempt will be double……."
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