Economies today as they move into the 3rd QRT of 2009?
As we are now in the middle of August, and it is also middle of the 3rd QRT. The major economies indicators are reading very clearly – an improved economy. The report’s release over the last two days is very positive from France and Germany. They both grew by 0.3% in April, May and June, should the 3rdn QRT also report a positive growth, then this two country is officially out of recession.
Greece and Portugal also grew by 0.3% in the 2nd QRT. No doubt that there are still negative GDP economies that shrink in the 2nd QRT, the contractions are lower and smaller than the 1st QRT of 2009 as it move closer to zero.
Hong Kong registered a positive GDP “report card” in the 2nd QRT its GDP jumped 3.3% over the 1st QRT. For this we must all take heed that we may be out of the woods.
I was in Muar and Melaka from the 13th to 15th August 2009 and, I observed some very interesting life-style. Muar economy activities is known to be to a certain extend not self sufficient but would need lots of economic support for other states or industries. Having said this, the locals as I noticed where out spending and most coffee shops and cafes were filled with customers. Their local wet market has housewives with “filled to the brim” baskets of vegetables, fishes etc. Tell me that there is a recession and I just have to tell you to take a look at Muar locals.
Melaka is much more spread out in terms of activities. A group of locals when I chat with them has a negative view of things, from almost anything that they can blame on to H1N1, they will “swear” and say that “everyone” is afraid to leave home and thus leading to a drop in economic activities. But hey, I was driving through Jonker walk 4:30pm, 11pm and also 8:30am, this place set up for tourist is a hive of activities. Clearly out of town locals and foreign tourist are aplenty. So, again I have to say this to the group of people that is still very incline to think that the ‘world economy is graining to a stop” sorry folks, you will be disappointed. Snap out of your self-proclaimed miseries and accept the fact that it is improving,
Again call me now to visit any opportunity you may have before this small window of opportunity is closed. You have this 2nd chance before all values and prices for investments go back to its fair valuations. You can reach me at lim1954@pd.jaring.my and I’ll set an appointment to meet up.
Well don’t let this small window of opportunity close up on you. They said the other down turn that’s equal to this one, which we are now getting out, was in 1930. So stay on the side lines waiting, watching and you will soon realise it is going to be painful. The market will power on and move back upwards. The best time to invest may be over soon and maybe we will promise ourselves that we won't miss the next one when it comes around 80 years from today.
Cheers to those economies that registered a positive GDP growth for the 2nd QRT.
Tj
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