Another week has passed and we are now into September 2009, which is now the last month for the 3 quarter (QRT3) for this year.
Pieces of positive reports were announced as at 1st September 2009.
Here are the bits and pieces:-
1. Europe manufacturing industry improves with a lower contraction than estimated to 48.2 (projected) for the month of August.(from 46.3% in June)
2. China manufacturing grew the fastest in the last 16 months in August, with their Purchasing Manager’s index up to 54 from 53 in July.
3. Singapore GDP contracted less than expected at 3.6% in 2009.
4. World Bank president Robert Zoellick said (Bloomberg) the chances of a “truly global recovery” have increased measurably. He projected China’s economy growth at 8% this year.
3. Singapore GDP contracted less than expected at 3.6% in 2009.
4. World Bank president Robert Zoellick said (Bloomberg) the chances of a “truly global recovery” have increased measurably. He projected China’s economy growth at 8% this year.
5. South Korea’s GDP grew at a faster pace – estimated at 2.6% in QRT2.
6. Australia’s GDP grew 0.6% in QRT2 on consumer spending.
7. Malaysia service sector grew 1.65 in QRT2 (QRT1 -0.2%) and manufacturing contracted 14.5% in QRT 2 (QRT1 -17.9%) and construction grew by 2.8% (QRT 1 1.1%).
6. Australia’s GDP grew 0.6% in QRT2 on consumer spending.
7. Malaysia service sector grew 1.65 in QRT2 (QRT1 -0.2%) and manufacturing contracted 14.5% in QRT 2 (QRT1 -17.9%) and construction grew by 2.8% (QRT 1 1.1%).
Looks like we will most likely see more reports based on what World Bank president said about “truly global recovery” is sprouting.
Well my people let’s put this to an opinion poll of what will materialised by December 2009.
1. Those who are in the group that shares the same views like World Bank president
click YES. (go to top right hand corner of screen to do so)
2. If you are in the distance and obscure but is willing to put your last penny on the school of thought that there will be another 2008 decibel or there will be a “double dip”
click NO. (go to top right hand corner of screen to do so)
click YES. (go to top right hand corner of screen to do so)
2. If you are in the distance and obscure but is willing to put your last penny on the school of thought that there will be another 2008 decibel or there will be a “double dip”
click NO. (go to top right hand corner of screen to do so)
Till then, let’s have a good time and your guess is right!
I have this to say:
“...don’t look back and say that, it is okay, I missed this one. I’ll just wait for the next one in another 10 years or 160 years” (the last one comparable to this sub-prime was in 1930’s).
Tj
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