Wednesday, December 3, 2008

No indications of a recession

In today's The Star,
* Malaysia’s October exports down
* Petronas shuts petrochemical plants
* Retrenchment ‘the last resort’
* Retrench only as last resort: Muhyiddin
* Najib: Expect fewer tourists with global slowdown
* Johor seeks to cap number of foreign workers
But we are still ok because our esteemed DPM DS Najib said “Nobody really knows the problem out there or how deep the problem is, it is anybody’s guess.” He said there were no indications that Malaysia would slip into recession next year or even into a technical recession.

From the looks of it he admits that no one knows how deep the problem is but he remains confident that there were no indications of a recession (technical or otherwise). I wonder where or who our government gets their information from. I wish I could those articles too.

I remain amazed and in awe at how they can see through all the bad news, and how clouded and confused all the others are.

On a separate note, there are some people in Malaysia that doubt the crime rates published recently that showed that we have lower crime (per 1000, 10000 or 100000 people) rate than other countries. And in these published article, Malaysia did better than some very respected countries (countries that a single female can walk on the streets at night).

And because of our doubting citizens, our esteemed Minister seeks an external and independent body to conduct a survey. I guess there is no way for the raw data to be wrong. Number of police reports = number of crimes. Our criminal acts = their criminal acts.

And because the independent body is believable when they summarise the same data and publish statistics.

We now have a simple way to convince the doubting citizens. Ask a independent body about:
1. How is our economy so strong?
2. What happened to the foreign model that kind of exploded into fame?
3. Whether money politics is real and who are involved?
4. Whether our ISA is used in a justifiable manner?

You know, this is not a new idea. Corporations often engage external consultants to tell them what they already know but dont like to admit, or when shareholders are doubtful. But it takes our government to apply the idea to ... erm.. the governing of the country.

I should have thought of that!

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