Hi there people!
A renowned economist; Nobel laureate Paul Krugman in Kuala Lumpur (10th August 2009) tells people how to track the global financial crisis, and offers ways the public can look for signs of recovery. At least here is one that is looking at barometers as indicators to “read” for the green shoots of recovery.
Paul Krugman has these to say.
When world economy starts to recover, notably these two as the indicators he mentioned;-
1. Jobs are created and add (an increase)
2. Oil prices at current levels of USD 70/barrel, will start to go up
Guess it will be a lull before the next storm, after the month end of July 2009, the market has being sideways. It is good, as this will present a good opportunity for a lot of us who has stayed on the side line watching and waiting.
Since early this year major markets has increased sharply and following are where they are now – today.
| YTD | |
| Index | Change |
| Peru | 96.27% |
| Shanghai | 78.48% |
| Indonesia | 76.30% |
| Russia | 68.56% |
| Turkey | 66.34% |
| Argentina | 66.10% |
| Vietnam | 55.63% |
| SGX China | 54.59% |
Hang Seng closed at 21074.21 on the 11th August while hitting a low of 11,921.52 on 2nd March 2009. Looks like it will keep heading north.
I have this to say, it for those who are still waiting for the correction. It is and will be a little painful, maybe they will have to just wait for the next down turn which may happen in the next ten years. They watch on the sidelines as the stocks and markets regionally or in South America powered on.
Hey people, the best time to invest may be over soon as all markets had recovered. The quantum is reflected in the above chart.
Here is another “… hey you out there, still watching and waiting for the next correction?” You still have a small window of opportunity before all markets return to pre-2006 levels.
Till then cheerio… will see what’s in stall for us this week!
Tj
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