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Personal finance topics for Malaysians

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The Causes of the 2008 Financial Crisis

Started by KCLau · 9 months ago

There is an article explaining the causes and effects of the recent financial crisis. Find the link here. ... Continue reading »

3 comments

Relax
9 months ago

Thanks for sharing
I think Malaysian equity market will bounce back most likely. Time to dive in slowly to plant some investment seeds! :D

reply

chau
8 months ago

According to this Hanson, we have high savings rate in Malaysia. What savings is he referring to? That may still be true among the older generation, but our young people today live off credit cards to enjoy the "Starbucks lifestyle." Middle-class wage earners who spend responsibly also cannot save because of the twin curses of hyper-inflation and 3rd world wages in Malaysia.

It is also premature for the govt to gloat that Malaysia will not be heavily affected by this crisis. We are an export and commodity-driven economy. We ARE heavily dependent on demand for both our exports and our commodities. The US economy makes up 25% of the whole world's economy. If US falls into a deep and sustained recession, the only unaffected people are those who live in some small island who fish and collect coconuts for a living.

reply

KCLau
8 months ago

High saving rate is seen amongst the elder.Younger generation are having
much trouble to save.

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