tag:blogger.com,1999:blog-2011618342487394422012-02-01T08:28:59.542+09:00What is the meaning of globalisation and international trade if it cannot upgrade our standard of living.Manufacturersnoreply@blogger.comBlogger3591100tag:blogger.com,1999:blog-201161834248739442.post-86731211053920650702009-02-10T11:10:00.004+09:002009-02-10T11:52:16.551+09:00

The recent world economic turmoil pushes firms to a higher level of efficiency than they were before, either through cost cutting or outsourcing non-strategic operations to third parties who have specializations and skills. These concerns are particularly acute in manufacturing sector when the world demand is quickly diminishing and therefore more competitive. Furthermore with the rising

Manufacturersnoreply@blogger.com59tag:blogger.com,1999:blog-201161834248739442.post-60097798986840511992009-01-31T00:36:00.002+09:002009-01-31T00:42:48.575+09:00

In a rush to explain the current economic conundrums facing the United States, an increasingly popular rationale is to shield policy makers and collectively blame Asia's huge rate of savings and large productive capacity.For instance, former Treasury Secretary Henry Paulsonthinks that global trade imbalances with Asia pushed interest rates down and drove "investors towards riskier assets."Brad

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-5350332945994631272008-12-30T13:00:00.004+09:002008-12-30T13:34:02.489+09:00

In the competitive and cut throat business environment, standing out from other competitors become vital for the success of a firm. This requires constant effort to create and recreate awareness, to inform of existing and new introductions and also to exert influence on consumers. For this, businessmen usually require assistance from professional such as camelback displays to build brand

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-71539708698274972422008-10-29T10:35:00.000+09:002008-10-29T10:36:25.651+09:00

Article by Henry ThompsonIn one word, the market approach to the financial problem is bankruptcy. Firms go bankrupt when they do not have enough revenue to pay their bills. Banks make money by borrowing from lenders at a low interest rate and lending to borrowers at a higher interest rate. If banks make bad loans and borrowers quit repaying, banks go bankrupt. Insurance firms help

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-40212360555963891322008-10-19T20:17:00.001+09:002008-10-19T20:17:36.937+09:00

BEIJING - CHINESE state media on Sunday lambasted reckless US consumers addicted to spending money they don't have for being partly to blame for the current financial crisis, suggesting such a thing couldn't happen in prudent China. The official Xinhua news agency said in an opinion piece datelined from New York that Americans love spending 'tomorrow's money' on credit, preferring to 'eat the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-51308671423135375752008-10-19T20:13:00.001+09:002008-10-19T20:16:18.248+09:00

Market Manipulation and the Institutional SpeculatorThe market is heavily manipulated. The driving force behind the meltdown is speculative trade. The system of "private regulation" serves the interests of the speculators. While most individual investors loose when the market falls, the institutional speculator makes money when there is a financial collapse.In fact, triggering market collapse

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-82851859444032255252008-10-19T20:11:00.000+09:002008-10-19T20:13:16.559+09:00

How to Reverse the Tide and Democratize the US Monetary System "Admit it, mes amis, the rugged individualism and cutthroat capitalism that made America the land of unlimited opportunity has been shrink-wrapped by half a dozen short sellers in Greenwich, Conn., and FedExed to Washington, D.C., to be spoon-fed back to life by Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson. We’re

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-35344425479363491352008-07-30T10:44:00.000+09:002008-07-30T10:45:02.217+09:00

WASHINGTON - GOVERNMENT and business leaders lamented the failure to reach a global trade pact in Geneva on Tuesday, with a leading US business group blaming China and India for the collapse of the talks. Argentina however blamed wealthy nations for failing to provide enough concrete benefits for developing countries. The breakdown 'is bad news for the world's

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-51081243464553164582008-07-30T01:09:00.001+09:002008-07-30T01:09:44.157+09:00

NEW YORK (CNNMoney.com) -- A key measure of consumer confidence rose modestly in July after declining for six months in a row, according to a report issued Tuesday. Despite the small improvement in consumer sentiment from June, consumer outlook remains "very pessimistic," according to the report by the New York-based Conference Board, a business research organization.The board said its Consumer

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-50355622208854985052008-07-28T17:16:00.000+09:002008-07-28T17:17:33.914+09:00

TOKYO: Sprawling electronics empires like Sony, Matsushita, Hitachi and Toshiba have long been the pride of industrial Japan, competing with each other to make everything from computer chips to televisions. But now, facing increased competition from manufacturers in places like South Korea, Taiwan and China, they are doing something that was previously unthinkable: working together. The new way

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-48958237065305674012008-07-28T16:57:00.000+09:002008-07-28T17:01:25.121+09:00

JAKARTA, Indonesia: To understand why fuel prices in the United States have soared over the last year, it helps to talk to the captain of a battered wooden freighter here. He pays just $2.30 a gallon for diesel, the same price Indonesian motorists pay for regular gasoline. His vessel burns diesel by the barrel, so when the government prepared for a limited price increase this spring, he took to

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-83324058967212695692008-07-26T19:57:00.000+09:002008-07-26T19:58:30.507+09:00

Japan's core annual inflation hit a new high for the decade in June on increased energy costs, but with most other prices stable, the data contained little that would distract the Bank of Japan from fears of an economic recession. With few signs that rising commodity costs are pushing up wages and other prices, many economists expect the central bank to hold off on raising interest rates for

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-11390029167037542772008-07-24T14:59:00.000+09:002008-07-24T15:00:30.139+09:00

By Greg Miles and Caroline Salas July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business. ``Both are in very serious shape and the markets reflect that,'' Altman, the creator of the Z-score

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-37051921915110987472008-07-23T11:20:00.000+09:002008-07-23T11:21:01.400+09:00

Currently central banks around Asia Pacific region have to worry of two pronged worries; inflation which is fueled by fuel price and economic growth which is adversely affected by global slowdown. The usual weapon employed, and recently advocated by policy makers, is tight monetary policies, which means squeezing liquidity out from the market through higher interest rate. However, this time the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-47745225430207753112008-07-23T10:27:00.000+09:002008-07-23T10:28:15.462+09:00

NEW YORK (Fortune) -- There are two things you may have heard about the Federal Reserve Board, both of which are wrong. The first is that the Fed controls U.S. interest rates. The second is that the Fed has made so many commitments that it's in danger of running out of cash or Treasury securities. Which would mean it couldn't carry out its declared policy of putting cash into the world financial

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-19068109969062966122008-07-21T18:35:00.000+09:002008-07-21T18:36:47.609+09:00

Many expect anemic growth in the second half, according to survey from National Association for Business Economics.WASHINGTON (AP) -- Call it the big fizzle. The hoped-for second-half economic rebound is looking to be lethargic, with the country straining under high energy prices and fallout from the housing and credit debacles.Forty-five percent of economists believe the economy won't log any

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-54327384749001235412008-07-18T16:45:00.001+09:002008-07-18T16:47:04.278+09:00

In the mid of euphoria about price hike, countries are scurrying to adopt some very unpopular moves, such as abandoning oil subsidies which have been the live blood of many middle and poor groups of population. To make the matter worse, as opposition parties start to exploit and harp on the issue, the livelihood is complicated by the uncertainties imposed by the sub prime, slow export-import and

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-60473239006155520452008-07-18T15:26:00.000+09:002008-07-18T15:27:28.565+09:00

NEW YORK (CNNMoney.com) -- A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage market.Most of the nation's mortgage loans are packaged together by their issuers - such as Countrywide, Wells Fargo and Wachovia (WB, Fortune 500) - and sold to investors as mortgage backed securities. That's how lenders raise more

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-49717562343574830932008-06-19T00:26:00.003+09:002008-06-19T01:04:14.326+09:00

Many predictions and explanations are offered to the price spike in oil; speculation, rising demand from newly developing countries (China and India) and others. Many believed that the price will drop or reverse its present trend after it reaches a certain threshold. When this is reached, it is assumed that the demand will drop, as the price will make the usage less affordable to normal folks.

Manufacturersnoreply@blogger.com12tag:blogger.com,1999:blog-201161834248739442.post-68372496329909072072008-05-23T11:57:00.002+09:002008-05-23T12:01:17.609+09:00

With prices now falling, the global rice crisis seems to be subsiding. That's thanks in part to a policy announcement by a Japanese bureaucrat. On May 19, Japan's Deputy Agriculture Minister, Toshiro Shirasu, said that Tokyo would release some of its massive stockpile of rice to the Philippines, selling 50,000 tons "as soon as possible" and releasing another 200,000 tons as food aid. The first

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-18847631990446295392008-05-23T11:40:00.000+09:002008-05-23T11:41:40.957+09:00

As detailed in an earlier article, a conservative calculation is that at least 60% of today’s $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges and uncontrolled inter-bank or Over-The-Counter trading to avoid scrutiny. US margin rules of the government’s

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-6429778507804221062008-05-22T22:59:00.001+09:002008-05-22T23:02:09.925+09:00

By Aileen Kwa GENEVA - As negotiations related to the Doha round of trade talks pick up this week at the World Trade Organization, some developing countries are in growing doubt as to whether a deal liberalizing their economies further could help them cope with the food crisis.

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-17967623512225154612008-05-11T10:45:00.000+09:002008-05-11T10:46:15.081+09:00

WASHINGTON (AP): The U.S. unemployment rate drops. Productivity grows. The trade deficit shrinks. Sounds great, right? Not so fast. Some seemingly good economic numbers can be something of a mirage masking weaknesses in the U.S. economy. Let's take the unemployment rate, which dipped to 5 percent in April, from 5.1 percent in March. A closer look reveals that the decline in unemployment

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-48380782038972580842008-05-04T11:15:00.000+09:002008-05-04T11:16:22.376+09:00

MADRID, Spain (AP) - The Asian Development Bank announced emergency funding Saturday to help poor countries struggling with soaring food prices and warned these could keep rising and stifle economic growth in the region. "The cheap food era may be over,'' the bank's President Haruhiko Kuroda told a news conference in Madrid, where the bank was holding its annual meeting. The new aid will

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-58538240824713031992008-04-29T10:49:00.001+09:002008-04-29T10:53:49.424+09:00

What's behind the current food shortages: Is the increase in ethanol production to blame or is hoarding the problem?As world rice prices set new records daily, the World Bank has warned that the crisis could further impoverish 100 million people (BusinessWeek.com, 4/25/08). What's behind the current food crisis and what can the world do to dig itself out from the problems? Here are a few of the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-31496181625437620652008-04-25T11:41:00.000+09:002008-04-25T11:42:09.111+09:00

While the effect and dust of the mortgage speculation which causes the infamous credit crunch in US to the world’s economy, not yet settled or cushioned, another speculative episode, or the direct consequences of the mortgage crisis, is in the making, this time the world inflation. The world’s potential growth and finally the real growth are dented; countries are now burdened by another round

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-86151671002475544012008-04-24T17:29:00.001+09:002008-04-24T17:31:28.076+09:00

In the face of rising inflation, a free-falling dollar, explosive prices for food, oil and other commodities, and an impending economic recession, numerous pundits have contrasted the opposing approaches of two former US Federal Reserve chairmen. In recent days, Alan Greenspan (1987-2006) has

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-25654691524211023712008-04-22T13:00:00.000+09:002008-04-22T13:01:33.307+09:00

GUANGZHOU - Exhibitors at China's largest trade fair may have one more question to ask when their paper-thin profits are further squeezed by a fast-rising yuan. "Are you willing to pay by euro?" Lu Jia, a sales manager from a local leather manufacturer at the China Import and Export Fair, also

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-61255466965760292702008-04-21T11:16:00.000+09:002008-04-21T11:17:57.235+09:00

BALJEET GREWALLIKE all dreamers, US policy makers have very often confused disenchantment with truth. The inconvenient truth in financial markets today is that the US is already in recession. The turmoil in the credit and housing markets is prominent. This has crept into the real economy, visible through the weakening labour market and the increasingly vulnerable consumer. Compounding this is the

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-11170040707564212142008-04-14T11:22:00.001+09:002008-04-14T11:24:23.003+09:00

WASHINGTON: The world's economic ministers declared on Sunday that shortages and skyrocketing prices for food posed a potentially greater threat to economic and political stability than the turmoil in capital markets. The ministers, conferring in the shadow of a slumping American economy that threatens to pull down the economies of other countries, turned their attention to the food crisis and

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-38356122451397353462008-04-11T20:33:00.001+09:002008-04-11T20:34:32.964+09:00

Anyone follows the global economic trend closely could vividly recall the robustness and ecstasy on South East Asian’s 1990s economic boom. During that short interval, if we track the economic growth from 1980s to current, the countries, Malaysia, Thailand, Singapore, Taiwan, South Korea, Indonesia are believed to be main players in the world economy, as these countries were magnet of foreign

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-18168115856612070442008-04-08T21:41:00.001+09:002008-04-08T21:42:50.767+09:00

The most important thing to business in the developing countries is to source for buyers amid this global inflation and financial breakdown. Although outsourcing was much talked about and practiced among US and European and other developed countries, the trend becomes more important given the more competitive landscape amid financial breakdown and global inflation. The countries, which feel the

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-40651483646969834312008-04-07T13:57:00.000+09:002008-04-07T14:00:40.105+09:00

Efforts to send IT work anywhere but Bangalore are taking on added urgency as costs of doing work in India rise and the dollar sinks by Rachael KingSofttek, a Monterrey (Mexico) provider of IT services, added 30 new clients last year. Most of them had been using Indian firms for at least part of their outsourced IT. But they came to Softtek because they "were looking for something else," says

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-31466892409015162982008-04-07T13:48:00.001+09:002008-04-07T13:50:21.305+09:00

Is the ghost of Thomas Robert Malthus stalking the global economy? Sad to say, it sure seems like it. Malthus was a key figure in the 18th and early 19th century in developing modern mainstream economics. (And Darwin hit on the idea of natural selection after reading Malthus' Essay on Population.) But Malthus is best remembered for his grim argument that there is a tendency from "the wretched

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-41337656678621665152008-04-06T18:22:00.001+09:002008-04-06T18:26:11.282+09:00

WASHINGTON: Food prices are soaring, a wealthier Asia is demanding better food and farmers cannot keep up. In short, the world faces a food crisis and in some places it is already boiling over. Around the globe, people are protesting and governments are responding with often counterproductive controls on prices and exports - a new politics of scarcity in which ensuring food supplies is becoming

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-40187832203642564262008-04-06T10:20:00.002+09:002008-04-06T10:23:24.860+09:00

THE confluence of economic uncertainty brought on by the deepening subprime crisis has posed a real risk of a systemic financial event and a prolonged global economic slowdown. This, coupled with another round of de-leveraging in the structured credit market has led to further pressure and deterioration in real estate prices, predominantly in the US and Europe. Given that the pendulum swung as

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-19148923514701594432008-04-04T23:29:00.000+09:002008-04-04T23:31:14.061+09:00

In a statement released this week, Motorola said the decision to cease mobile phone manufacturing functions in Singapore is part of a global initiative to reduce costs by US$500 million. Migration work from the local plant to its worldwide manufacturing facilities will be deployed in phases, starting in the second quarter of this year, and is expected to be completed by end-2008. Some 700

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-21676584724255751422008-04-02T14:22:00.001+09:002008-04-02T14:23:33.878+09:00

HONG KONG: Policy makers in Asia should make fighting inflation a priority over tackling a slowdown in economic growth, the Asian Development Bank's chief economist said.Ifzal Ali warned that if high rates of inflation became ingrained it could quickly manifest itself into lower productivity, lower growth and higher social inequalities."Economically, socially and politically it will become very

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-11008835333194054762008-04-02T11:28:00.007+09:002008-04-04T13:28:28.636+09:00

The globalization and international trade depends very much on interconnected supply channels, which consists of raw material producers, processors, manufacturers, assemblers, distributors and so on in the whole value chain of a particular product. Thus, the process involves companies from many countries. This creates problem such as how to meet the requirements by each country pertaining to

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-19115306342324911842008-03-31T23:45:00.001+09:002008-03-31T23:48:02.774+09:00

While world financial markets are scurrying to cushion and hedge their credit crisis exposure, another economic worry is fast creeping into the backbone of the world economic structure and chill the every traders’ hope of decoupling from United States slowdown. Since the surfaced of mortgage crisis and the subsequent credit crunch, many promoted the robustness and dynamics of Asian intra trade

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-45425103352681598452008-03-28T01:44:00.000+09:002008-03-28T01:45:22.730+09:00

Since the advent of internet, the landscape of marketing changed tremendously; the market is now swarmed with many similar products, the varieties are exploding and thus the consumers can make their own evaluation through constant comparison in the virtual market. What makes shopping easy is that consumers now do not have to search information from shop to shop, instead he can compare the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-81642951385255036632008-03-28T00:34:00.001+09:002008-03-28T00:35:35.984+09:00

With the US dollar reaching new lows versus hard currencies, many are waiting for Asian currencies to catch up. Why hasn't this happened, and will it happen? The short answer is: it might, but be patient and don't bet your farm on it. To

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-14202786749271360202008-03-27T22:06:00.001+09:002008-03-27T22:09:38.309+09:00

Amy Welling would like to buy a house. And why not? She just got married last month, and what better way to start life as newlyweds than to move into a house you own together? However, Welling and her husband, Michael, are so wary of the uncertain economy that after weeks of house hunting they have decided to continue to rent. The Wellings saw firsthand how many houses are on the market, some

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-87507783491984505662008-03-26T10:40:00.004+09:002008-12-09T16:52:55.600+09:00

The class about how to make egg.These are ingredients; mostly flour.In the factory making eggThe processes involved in making egg............

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-90339152929687818752008-03-26T00:44:00.000+09:002008-03-26T00:46:11.364+09:00

A widely watched index of U.S. home prices fell 11.4 percent in January, its steepest drop since data for the indicator was first collected in 1987. The decline reported Tuesday in the Standard & Poor's/Case-Shiller index means prices have been growing more slowly or dropping for 19 consecutive months. The index tracks the prices of single-family homes in 10 major metropolitan areas in

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-15824929759925004882008-03-26T00:33:00.000+09:002008-03-26T00:35:50.812+09:00

Wall Street stocks retreated on Tuesday morning as investor confidence gave way to pessimism in the wake of data showing plummeting consumer confidence and further weakness in the housing sector.Statistics from the Conference Board’s suggested consumer confidence in the US fell to the lowest in a generation.The New York-based research group said its index fell to 64.5, a five-year low, from a

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-47278546703372493742008-03-25T02:19:00.003+09:002008-03-25T02:39:34.124+09:00

Economist forecasts central bank action!!!!That was what reported in Monday's Financial Times. Since the release of sales statistics of house which recorded an increase of 2.9%, the buy out of mortgage debts by central banks could be seen as another goody to the market.What is puzzling in the market is the herd's interpretation of a piece of news, be it good or bad to the economy. This hard to

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-48407113442325542652008-03-25T01:46:00.002+09:002008-03-25T02:08:11.860+09:00

With many borrowers fell behind their mortgage payments and with their daily expenditure commitments which was made to become habit by the hike in house price before the sub prime crisis, many have opted for payday loans. The astronomical interest rates and the ability of these lenders to dent the credit ratings of borrowers (unlike in Asia, where the payday loans are illegal), many have

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-2089232674269979832008-03-23T22:40:00.004+09:002008-03-23T23:26:31.619+09:00

The main cause of the recent credit melt down was triggered by mortgage crisi; the price of the assets dropped to record low. And since the loans were packaged and securitized which then sold worldwide, the melt down and the high foreclosures stormed the equity market and brought down the values across the board. This triggered the lenders become more cautious and reluctant to disperse of their

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-29631679241071315402008-03-22T00:30:00.003+09:002008-03-22T00:52:20.878+09:00

It takes a cumulative heat to boil a kettle of water, and when the water is boiled, it takes some time for it to cool down. Similarly, when the market is boiled and spilt with negative news; mortgage loans failure, foreclosures, margin calls, writedowns, bailout, bank failure, interest cuts and so on, to reverse the trend is difficult. Although the market has been given all the goodies, rate

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-62312932376675846302008-03-21T23:08:00.001+09:002008-03-21T23:12:35.007+09:00

WASHINGTON: Big Wall Street investment companies are taking advantage of the Federal Reserve's unprecedented offer to secure emergency loans that are part of a major effort by the central bank to help a financial system in danger of freezing. The companies averaged $13.4 billion in daily borrowing over the past week from the new lending facility, the central bank said Thursday. The report does

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-84366169564581362732008-03-21T11:20:00.002+09:002008-03-21T11:38:15.927+09:00

Since the announcement of Fed interest rate cut to 2.25% from 3%, the market has remained cautious compare to the Tuesday's tumble. The prices of commodities oil, gold, and other metals and foodstuff have shed some of their gains gained when money avoided the equity market and find for more safer alternatives. The surge was attributed to speculative forces and also the demand growth from

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-61875398637976371722008-03-20T01:47:00.003+09:002008-03-20T02:01:28.351+09:00

The root cause of the sub prime crisis unveiled in US is the credit crunch, not only the homeowners find it difficult to secure loans for refinancing after seeing the market value of their assets tumbled, private companies are also feeling the pinch. Banks are not willing to lend to each other, margin calls, and so on which are responsible for the spiraling down of the mortgage market, then

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-90751147008971891402008-03-19T02:05:00.002+09:002008-03-19T02:08:08.674+09:00

For all who know globalization and international trade, vertical integration production across international boundaries is familiar and common. It emphasizes on outsourcing and off shoring the backroom production, which normally involves low end production, to lower cost countries. It was pioneered by North America and European countries since 1970s, when the production was relocated in order

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-9493163395366603282008-03-18T12:07:00.000+09:002008-03-18T12:08:27.378+09:00

In recent years, bankers have succumbed to the idea that the credit world was all about numbers and complex computer models. These days, however, this assumption looks ever more of a falsehood.For as anyone with a classical education knows, credit takes its root from the Latin word credere (“to trust”) And as the current credit turmoil now mutates into ever-more virulent forms, it is faith – or,

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-40928975381144891632008-03-18T03:24:00.002+09:002008-03-18T03:41:14.944+09:00

The weekend's cut in discount rate to 3.25%, the extension of financing and the discount window of 90 days by Fed were not welcome by the investors, as they are seen to be indicators of deeper strain in the financial market. To further fuel the worries, the bail out of Bear Stearns by Fed (took over the $30 b of mortgage debts) and the purchase of Bear's share by JP Morgan at $2 (last friday was

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-80084465763575387662008-03-17T18:19:00.004+09:002008-03-17T18:41:15.060+09:00

It was another sub bubble bursts in the bigger mortgage bubble. The demise of Bear Stearns was deemed impossible and the public was assured of its soundness last week, only one week later one of the biggest investments was wiped out with a mere $2 per share paid by the buyer, JPMorgan. It will assume 30 billion pounds of mortgage backed securities in Bear (see report at Financial Times). But

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-60517965820167044252008-03-16T16:54:00.004+09:002008-03-16T17:37:50.232+09:00

Although the mortgage crisis and the subsequent credit squeeze in US does not affect Asian Economies directly, the ripple is felt in every day operation. Most obvious is the cost of production is so much different with one or two years ago. Further aggravating factor is the drop of demand in manufacturing products from the world's largest market, particularly E&E and also the auto. The

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-17197217063224321452008-03-16T10:22:00.003+09:002008-03-16T10:33:05.138+09:00

This week's event to watch is the FOMC meeting and the possible rate cut by Fed to revive the US economy. We have seen series of cut in the past few months, and the effects were very limited, especially in reviving the economy. Foreclosures, margin calls, inflation, depreciating dollars and erosion of purchasing power among ordinary citizen remain very real, and the effect spread to every

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-18206003163064712008-03-16T00:14:00.000+09:002008-03-16T00:16:05.498+09:00

On Monday March 3, the price of crude oil reached US$103.95 per barrel on the New York Mercantile Exchange, surpassing the record set nearly 30 years ago during another moment of chaos in the Middle East. Will that new mark prove distinctive in the annals of world history or will it be forgotten as energy

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-77965214581233463262008-03-13T18:08:00.003+09:002008-03-13T18:14:02.876+09:00

Siries of report about bubble burst, over and underpriced of assets, bankruptcies, margin calls on hedge funds and so on dominated the financial press. What lacks are the down to earth analysis of the causes and the implications on the real economy. The understanding of the causes and the possible implications on the real economy warrants our attention due to the repetition or recurrence that we

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-57482673238588397312008-03-12T11:24:00.000+09:002008-03-12T11:25:31.315+09:00

Disruptions caused by January's harsh weather helped drive up inflation by 8.7% in February, making a mockery of official government targets One week ago when Chinese Premier Wen Jiabao unveiled an official inflation target for this year of 4.6% at the National People's Congress in Beijing, analysts expressed strong doubts (BusinessWeek, 3/5/08) that it was realistic. Inflation had been

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-16756251090506202272008-03-11T22:48:00.001+09:002008-03-11T22:55:26.473+09:00

Crude oil prices on Tuesday surged to a fresh all-time high near $110 a barrel as the International Energy Agency, the western countries’ energy watchdog, said that oil demand would be robust this year, boosted by consumption in China and the Middle East.The price spike was helped by the weakness of the US dollar which fell to a record low of $1.5459 per euro. Financial flows into the commodities

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-47043911714815823522008-03-11T22:43:00.000+09:002008-03-11T22:47:49.916+09:00

PENANG: The state government is likely to jockey for a greater say in the decision-making process to attract foreign direct investments (FDIs). Malaysian Institute of Economic Research (Mier) senior research fellow Shankaran Nambiar said the state government should have more authority in the granting of incentives to attract FDI, the issuance of business licences, and the implementation of

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-17264156973800933882008-03-09T20:18:00.000+09:002008-03-09T20:19:03.646+09:00

WASHINGTON (AP): Dangerous cracks in the U.S. job market are deepening. Employers slashed jobs by the largest amount in five years and hundreds of thousands of people dropped out of the labor force _ ominous signs that the country is falling toward a recession or has already toppled into one. For the second straight month, nervous employers got rid of jobs nationwide. In February, they sliced

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-56486025386034385942008-03-07T13:37:00.001+09:002008-03-07T13:37:49.493+09:00

Slew of negative financial news dominated the mass media and raised concerns of global slow down due to credit crisis and global inflation around the world. However, one may notice the economic news reported are basically another bubble in the making after the other. The burst of mortgage bubble in the U.S is now followed by potential commodities bubble in the making in crude oil, copper, gold.

Manufacturersnoreply@blogger.com6tag:blogger.com,1999:blog-201161834248739442.post-26875231214502221202008-03-07T10:49:00.000+09:002008-03-07T10:51:22.907+09:00

BRUSSELS: Strong increases in food prices, which have been reaching record levels, are expected to continue until at least 2010, fueling a "new hunger" across the globe and anarchy on the streets of poorer nations, a top United Nations official said Thursday. Josette Sheeran, executive director of the UN's World Food Program, said the global economy had created "a perfect storm for the world's

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-35774900704091579622008-03-06T09:49:00.000+09:002008-03-06T09:52:09.253+09:00

Oil prices reached a record close, surging above $104 after OPEC decided Wednesday to keep its production unchanged. The cartel ignored calls from President George W. Bush to pump more oil into an ailing economy. OPEC rebuffed its top consumer, arguing that the world was well supplied with oil and blaming financial speculators and mismanagement of the United States economy for the current high

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-46285184691671344762008-03-03T23:25:00.001+09:002008-03-03T23:27:05.748+09:00

HONG KONG: Concerns about the slowing U.S. economy hit stock markets across Asia and Europe on Monday, underscoring the fact that no one will remain fully immune to the ills of the world's largest economy.In Asia, the Nikkei 225 fell 4.5 percent, to reach a 15 percent decline so far this year; the Hang Seng dropped 3.1 percent; and the Kospi lost 2.3 percent. Around midday in Europe, the main

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-634742389950682802008-03-02T10:39:00.000+09:002008-03-02T10:40:26.745+09:00

Rising prices are forcing Americans to spend more and save less, even as the growth of income slows. Consumer spending, which accounts for more than two-thirds of gross domestic product, was flat in January for the second month in a row, when adjusted for inflation, the Commerce Department said on Friday. Other reports showed a decline in consumer confidence and diminished business activity in

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-19940975925281534852008-03-02T10:37:00.000+09:002008-03-02T10:38:38.688+09:00

NEW YORK: The dollar extended its declines Friday, hitting another new low against the euro, as worries about the U.S. economy depressed the currency and raised thorny issues in Europe about how to cope with the growing gap. The euro flew past its previous high to hit $1.5239, before subsiding later in the day to $1.5179, compared with $1.5217 on Thursday. The euro topped $1.50 this week for the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-65953728740636614212008-03-02T00:09:00.000+09:002008-03-02T00:10:44.249+09:00

The dollar fell to record lows, commodity prices climbed to fresh highs and credit spreads remained at elevated levels this week when concerns about the outlook for growth and inflation gathered pace.“Fears of the twin perils of ‘stagflation’ and credit-related paralysis appear to have become more acute this past 24 hours,” said Neil Mellor, strategist at Bank of New York Mellon. “Just as

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-69372817709546729542008-02-28T16:41:00.000+09:002008-02-28T16:43:17.187+09:00

US manufacturing orders on Wednesday recorded their biggest decline in five months and new home sales slumped to a 13-year low, compounding fears that the US economy may be sliding into recession. Orders for big-ticket manufactured items fell 5.3 per cent in January, exceeding economists’ expectations of only a 3.5 per cent decline. The disappointing headline result wiped out a revised 4.4 per

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-2156372459771590922008-02-28T01:53:00.001+09:002008-02-28T01:55:55.166+09:00

The easy monetary policies could drag down the economy further; while the slumping economy is not revived but the problem of the inflation becomes more enhanced due to easy monetary policies. The effects of the financial crisis originated from sub-prime lending on the overall broader economy is further compounded by the worries of global inflation, which is mainly responsible of the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-19653568533159881042008-02-27T11:33:00.001+09:002008-02-27T11:35:01.563+09:00

The latest reports on wholesale inflation, consumer sentiment, and home prices show just how deeply the pain is spreading A series of economic reports released Feb. 26 delivered bad news on wholesale inflation, housing prices, and the mood of the consumer, offering a stark display of the range of problems faced by the U.S. economy. The real attention-getter was an outsized increase in the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-22126974648178135412008-02-27T10:26:00.004+09:002008-02-27T11:07:53.224+09:00

Since North America and Western European countries pioneered the relocation of manufacturing process in 1960s, 1970s and 1980s, the companies which outsourced and reaped the benefits of low cost, infrastructure and local government protections had made windfall profits. While the local contractors and sub contractors also benefited from partnering with the large companies from these advanced

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-28166538433322518972008-02-22T15:32:00.004+09:002008-02-22T15:43:30.176+09:00

The headlines in IHT today shouts "U.S. weighs rescue for homeowners in debt" of the 8.8 million homeowners in US. For these homeowners, this has never been the most critical time than the stimulus package and the rate cuts by Fed. However, one may think back they are the people who are the immediate victims of the wild speculations and the volatility in the mortgage market, and the culprits

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-62161402550059239602008-02-22T15:10:00.000+09:002008-02-22T15:11:45.998+09:00

Oil prices have resumed their wild ways. On Feb. 20 crude oil settled at $100.74—the highest ever settlement price—the second consecutive session with a settlement above $100. The spike was produced by a laundry list of news, from cold weather to a refinery explosion in Texas to the (falsely) rumored murder of a Nigerian militant leader. But when government inventories on Feb. 21 showed the

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-82620016319946801442008-02-22T11:22:00.001+09:002008-02-22T11:23:56.485+09:00

Since the burst of the housing bubble; the drop in estate price, and the crunch of credit creation by financial institutions, one way to pop up the credit in the economy was through cheap money. This was what the Fed has been doing through interest rate cut and crafted generous stimulus package with the aim to revive and engine the demand and growth through injecting money into the economy. The

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-13485642315536054722008-02-20T11:22:00.000+09:002008-02-20T11:23:05.337+09:00

HOUSTON: Crude oil closed over $100 a barrel for the first time on Tuesday, vaulting through a long standing psychological barrier amid persistent concern about whether production can keep up with rising global demand. The day's price rise of more than 4 percent capped a weeklong run-up that began when the president of Venezuela, Hugo Chávez, threatened to cut off oil exports to the United

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-29172821593595139982008-02-20T11:20:00.001+09:002008-02-20T11:20:40.018+09:00

HONG KONG: Inflation surged in China last month, with consumer prices rising 7.1 percent from a year earlier, their largest increase in more than a decade. The increase, announced Tuesday by the National Bureau of Statistics, is the latest warning sign that China has been transformed from a moderating influence on global prices to a source of inflationary pressures. Yu Yongding, director of the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-78516967015683595282008-02-19T12:30:00.002+09:002008-02-19T12:31:07.971+09:00

LONDON: Crude oil prices rose for a fourth day Mondays after Iran's oil minister said OPEC may reduce production when it meets next month. The Organization of Petroleum Exporting Countries typically cuts output in the second quarter to counter a drop in demand at the end the Northern Hemisphere's winter, Gholamhossein Nozari said late Sunday. The group, whose members produce more than 40 percent

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-4334780887884979472008-02-19T12:25:00.001+09:002008-02-19T12:29:14.430+09:00

BEIJING: Higher food prices pushed the annual consumer price inflation rate in China soared to 7.1 percent in January, the highest level in more than 11 years, from 6.5 percent in December, the Chinese National Bureau of Statistics said Tuesday. Xinhua, the Chinese government news agency, said the statistics office attributed the acceleration in inflation to the timing of the Lunar New Year

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-10480325013085748462008-02-18T16:26:00.001+09:002008-02-18T16:30:06.554+09:00

FOR as long as most people can remember, food has been getting cheaper and farming has been in decline. In 1974-2005 food prices on world markets fell by three-quarters in real terms. Food today is so cheap that the West is battling gluttony even as it scrapes piles of half-eaten leftovers into the bin. That is why this year's price rise has been so extraordinary. Since the spring, wheat prices

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-89669483343187515542008-02-18T16:22:00.001+09:002008-02-18T16:25:00.264+09:00

By John Parry NEW YORK (Reuters) - Fear that a hobbled banking sector may set off another Great Depression could force the U.S. government and Federal Reserve to take the unprecedented step of buying a broad range of assets, including stocks, according to one of the most bearish market analysts. That extreme scenario, which would aim to stave off deflation and stabilize the

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-65291098912311673362008-02-18T10:21:00.000+09:002008-02-18T10:22:37.062+09:00

THERE'S a saying that when America sneezes, the world catches a cold. And the United States is about to have another big sneeze that could lead to a slowdown or even recession that ultimately would affect the rest of the world, including Malaysia.Given the bleak scenario in the US, it would be wise for Malaysia to take some pre-emptive measures to cushion the impact.Thankfully, the Malaysian

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-14871191516826125942008-02-18T09:16:00.000+09:002008-02-18T09:17:24.990+09:00

HONG KONG (MarketWatch) -- The one thing markets dislike most is uncertainty, so when China' banks began the year with a lending spree after promising tightening a month earlier, investors are feeling decidedly uneasy.You can choose to disagree with the wisdom of Fed chairman Ben Bernanke's rate cuts, but at least it's pretty clear he's going lower. In Hong Kong this alone is justification to

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-80108544735429742472008-02-15T10:40:00.000+09:002008-02-15T10:42:20.194+09:00

WASHINGTON (MarketWatch) -- Question: I'm currently in the midst of trying to close on a townhouse. My mortgage broker has locked in a rate for me based on 5% down. The appraiser has deemed the geographical area to be a "declining market." How is this determination made? I'm told -- and it's still early -- that I might need to double my deposit to satisfy the lender. Incidentally, the same bank

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-6946203467655699522008-02-14T13:11:00.000+09:002008-02-14T13:19:19.080+09:00

GENEVA: The World Trade Organization on Wednesday issued its first official condemnation of Chinese commercial practices, siding with the United States, European Union and Canada in a dispute over car parts. The WTO found that China was breaking trade rules by taxing imports of auto parts at the same rate as foreign-made finished cars, according to a copy of the ruling's conclusions obtained by

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-12681603369077904792008-02-14T13:05:00.000+09:002008-02-14T13:11:26.026+09:00

A collapse in confidence in a $330bn corner of the debt market has left US municipalities and student loan providers facing spiralling interest rate costs.The implosion of the so-called auction-rate securities market – amid worries that bond insurers guaranteeing much of this debt could face rating downgrades – is the latest incarnation of the credit crisis.The market, heavily used by municipal

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-6197116665862864062008-02-14T13:02:00.000+09:002008-02-14T13:03:53.965+09:00

As Federal Reserve Chairman Ben S. Bernanke & Co. consider how far to cut interest rates, they are getting harangued from all sides. Slash rates drastically to keep the financial system from freezing up, say some backseat drivers. No, say others, there's no sign yet the economy as a whole is in enough trouble to warrant deeper cuts. The discussion over what to do next is tied into another

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-33267383510531364482008-02-13T14:24:00.000+09:002008-02-13T14:25:10.541+09:00

Nokia president and CEO Olli-Pekka Kallasvuo announced at the Mobile World Congress that Nokia will "reshape the Internet." The Finnish handset maker believes it, not Google, can deliver operator-independent, cross-platform phones through new software and services. How does Nokia presume that it can reshape an

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-43392680143796195272008-02-13T13:44:00.000+09:002008-02-13T13:48:30.251+09:00

SAN FRANCISCO (MarketWatch) -- The world oil market is poised to ease over the next two years with production increases offsetting moderate growth in oil demand, the U.S. Energy Information Administration said Tuesday.Oil prices, however, will remain higher than last year's. The barrel, which averaged $72 in 2007, is expected to average about $86 in 2008 and $82 in 2009. Oil topped $100 a barrel

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-37411047388612516392008-02-13T13:43:00.000+09:002008-02-13T13:44:20.288+09:00

WASHINGTON (MarketWatch) -- Consumer optimism is falling at the fastest pace since the 1990-91 recession, according to a weekly survey released Tuesday by ABC News and the Washington Post.The ABC/Post consumer comfort index fell four points to negative 37 this past week, the lowest reading since November 1993. In the past five weeks, the index has fallen 17 points, the largest such

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-84854683665559458782008-02-11T19:07:00.000+09:002008-02-11T19:10:25.341+09:00

SAN FRANCISCO (MarketWatch) -- A benchmark for a range of commodities hit a record high on Friday, a reminder to the Federal Reserve that inflation risks loom even as it concentrates on reviving U.S. economic growth by slashing interest rates.Commodities including crude oil, gold and wheat rallied across the board, pushing the Reuters/Jefferies CRB Index, a benchmark barometer gauging the prices

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-15748587007357176142008-02-09T13:29:00.000+09:002008-02-09T13:33:43.200+09:00

WASHINGTON (MarketWatch) - Banks are putting a stranglehold on credit, the Federal Reserve reported Monday.Banks are raising their credit standards for mortgages, consumer loans and commercial real estate loans at a pace never seen in the 17-year history of the Fed's quarterly survey of senior bank loan officers, the Fed said.Plain-vanilla business loans were also much harder to obtain, the Fed

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-61060227260465454422008-02-09T13:23:00.000+09:002008-02-09T13:29:00.597+09:00

WASHINGTON (MarketWatch) -- Nothing is standing in the way of further interest rate cuts by the Federal Reserve Board, Fed watchers said Friday."Though they have done quite a bit, it is virtually for sure we will see another 50-basis point cut by March 18," said economist Allen Sinai, founder and head of Decision Economics.Indeed, events over the past week since the last formal Fed meeting have

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-89418883792856093722008-02-07T13:43:00.000+09:002008-02-07T13:45:31.739+09:00

CHICAGO (MarketWatch) -- The government's efforts to stimulate the U.S. economy by doling out checks to workers could backfire, according to two surveys asking consumers what they will do with their checks.Nearly three-quarters of those asked on both surveys said they will either pay down debt or save any money sent to them as part of an economic stimulus package. The remaining quarter indicated

Manufacturersnoreply@blogger.com0tag:blogger.com,1999:blog-201161834248739442.post-54146340132971051052008-02-07T12:57:00.000+09:002008-02-07T13:00:36.153+09:00

Sub prime crisis in U.S economy has spread from mortgage to finance, services and retailers market. The depth of the problem; the degree of involvements of financial institutions (banks, monolines and rating agencies) and also the effect of the credit crunch on the overall economy is unfathomable. The usual victim of any financial crisis is always the consumers. Although the worries faced by

Manufacturersnoreply@blogger.com1tag:blogger.com,1999:blog-201161834248739442.post-39705058355368024342008-02-06T16:32:00.000+09:002008-02-06T16:33:13.584+09:00

The effect of the sub prime crisis in US has been spreading throughout the economy; finance, services and manufacturing, and more effects are yet to be revealed. The depth of the impact on the economy, particularly on consumer spending, however, has indicated tremendous slow down. For years, two effects have been main factors of consumer spending; income and wealth. The main source of spending

Manufacturersnoreply@blogger.com6