Today is election day: The face-off between Clinton Vs Trump.

I am rooting for Clinton as Trump is just un-fit/un-experienced/BS talker. Just listen at the presidential debates.

Nevertheless, since I am not a US citizen nor voters, the entire US election is like "wayang" to me. Trump reminds me of many of our local politicians. Maybe our politicians "mentality" infected Trump. 

It has been some time since i blog, and I am sad to see that my blog's html has been distorted, must be due to some changes to blogger itself.

When I have time, I will come and fix it..now I am just too busy...

Read More >>

loading..

Share |

Shanghai Index Lost another 6%

Looks like -6% is becoming a norm for the China Market! 

Today...

Read More >>

loading..

Read more »

Share |

Note some shocking similarities?

Greed knows no color or creed. What can be done in Bolehland, Malaysia can also be done elsewhere in Singapore. 

• Similar business model with the rest of the Gold schemes in Malaysia. Promises monthly return by selling GOLD at a premium compared to the REAL market value.Then use the money to pay monthly dividend.
• Most investors don't hold physical gold because of additional interest incentives
• The CEO suddenly "disappears" and un-contactable.
• On MAS (Monetary Authority of Singapore) high alert watchlist. MAS is similar to BNM.
• Offered help to buy/bailout Genneva investors by buying their gold or continuing their investment in Gold Guarantee instead.

My take on this? Trending to be an un-sustainable business model and will leave the investor dry.

Some related posts:

http://www.knowthymoney.com/2011/03/gold-scam-ii-golden-goose-got.html

http://www.knowthymoney.com/2011/09/gold-scam-iii-court-cases.html

http://www.knowthymoney.com/2011/12/gold-scam-iv-on-going-case-with-bestino.html

http://www.knowthymoney.com/2012/01/gold-scam-v-bestino-golden-house-still.html

http://www.knowthymoney.com/2012/02/gold-scam-vi-bestino-golden-house.html

http://www.knowthymoney.com/2012/10/will-genneva-investors-get-back-their.html

Updated with Video:

Read More >>

loading..

Share |

LONDON BURNS

It seems that there is no significant triggering mechanism that trigger the infectious rioting and looting across England. It is like a flash mob scenario, where some group of people decided to riot and it quickly spread to other English towns. The English police is still not able to close down the riots after 5 days of battling the "yobs". They had to employ 16,000 police officers to stabilize London!! I wonder when will they send in the armies with order to shoot and kill rioters if these infectious rioting behaviors spreads throughout England.

I always thought that developed countries like England is very very safe. Boy, i am damn wrong. After this event, it made Malaysian streets looks much more safer to me.

Even "the good samaritan" concept is truly tested with the condemned acts captured in the video below. I hope the Malaysian student below, Mohd Ashraf will recover soon both physical and mental after the rioters pretended to help him only to find out that they are trying to rob him.


It is really a crazy crazy world over at England now.

Read More >>

loading..

Share |

Goldman Sachs, Morgan Stanley apply to repay TARP

Goldman Sachs, Morgan Stanley apply to repay $20 billion in bailout money, sources say

Mitsubishi UFJ reports $2.6 billion annual loss

Mitsubishi UFJ sinks to $2.6 billion loss on stock dive, expects to return to profit this year

Automakers, Obama announce mileage, pollution plan

Obama, auto executives announcing plan to reduce emissions to improve environment

Stock futures come off highs on April home data

Stock futures pare gains, turn mixed, after housing data show surprise decrease in April

Housing construction, permits hit record lows

US housing construction, permits for new projects plunge to record lows in April

Oil rises to near $60 on signs recession easing

Oil rises to near $60, extending rally on signs US recession is easing

Read More >>

loading..

Share |

4 states see double-digit unemployment rates in January; national rate headed that way

WASHINGTON (AP) -- Four states -- California, South Carolina, Michigan and Rhode Island -- registered unemployment rates above 10 percent in January, and the national rate is expected to hit double digits by year-end.

SEC head says 'uptick rule' may be reinstated

SEC Chairman Mary Schapiro says 'uptick rule' may be reinstated; action likely next month

National Semiconductor to cut 1,725 jobs, shutter plants as profit and revenue fall

SANTA CLARA, Calif. (AP) -- Faced with a steep decline in sales, chip maker National Semiconductor Corp. said Wednesday it will eliminate more than one-quarter of its work force, or 1,725 jobs.

Treasury official warns Congress not to force banks into making loans deemed risky

Read More >>

loading..

Share |

World stocks rebound on China stimulus hopes
World stock markets rebound on Chinese stimulus hopes, Shanghai leads recovery

Stock futures point higher after 5 days of selling
Investors appear ready to move back into the market after 5 days of heavy selling

Democrats reach deal on mortgage relief bill
Democrats work out differences in measure to let bankruptcy judges rewrite mortgages

Read More >>

loading..

Share |

Bernanke fears recession could extend to 2010

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets with strong action.

Delivering a somber assessment to lawmakers, Bernanke said the fast-shrinking economy risked entering a mutually reinforcing cycle of weak growth and financial market strain.

"To break the adverse feedback loop, it is essential that we continue to complement fiscal stimulus with strong government action to stabilize financial institutions and financial markets," he told the Senate Banking Committee.

"If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability -- and only if that is the case, in my view -- there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery," he said.

Financial markets largely ignored the testimony. U.S. stocks cut early gains on a report that consumer confidence sank to a record low in February, but later turned higher on bargain hunting.

Bernanke said "stress tests" U.S. regulators are readying for the nation's largest banks aim to judge whether they can keep lending even under strained economic scenarios. --> 

Kris: Huh!! You still need stress tests?? The market has been stressing to the point of breaking.  It may withstand the govt's so call paper test but one more market test could plunge DJIA to 6,000 as pundit predicted.

U.S. home price drop at record pace in December: S&P

NEW YORK (Reuters) - Prices of U.S. single-family homes plunged 18.5 percent in December from a year earlier as the monthly pace accelerated, according to a Standard & Poor's/Case-Shiller home price index on Tuesday.

Consumer confidence plummets to new low in Feb.

Consumer confidence plummets to new low in Feb. as consumers grapple with massive layoffs

More Dividend Cuts on the Way - Kris: I waiting for it to happen

Macy's reports 59 percent drop in 4Q profit

Macy's reports 59 percent drop in 4th-quarter profit, hurt by sagging sales, one-time charges

Oil well below $40; consumer confidence plunges

Oil well below $40 a barrel as investor confidence plumbs new depths

AIG looking at alternatives for government loan

AIG discussing potential changes to bailout; Report: bidders emerge for life insurance unit

The report comes a day after CNBC reported that the New York-based insurer will soon report a $60 billion loss.

Read More >>

loading..

Share |

PepsiCo 4Q Net Down 43% On $908 Million In Charges, Hedging Losses

Shanghai rises, add to year-leader status

Stocks gain as data show economy awash in liquidity

"China looks set to be the first major economy to recover from the current global meltdown, and likely achieve 8.0% growth in 2009 and 8.3% in 2010 given the resilience of its economy," wrote Merrill Lynch economists headed by Ting Lu in a note dated Feb 10

US STOCKS-Opening bounce eyed on stimulus, mortgage plan

NEW YORK, Feb 13 (Reuters) - U.S. stock index futures signaled Wall Street was likely to rise at the open on Friday, with sentiment buoyed by expectations of the passage of a $789 billion stimulus package to jolt the economy out of recession.

Additionally, investors were heartened by news on Thursday that the Obama administration was creating a plan to subsidize mortgage payments for troubled homeowners.

Congress readies final vote on $790B stimulus bill

Congress readies final vote on $790B stimulus bill after overcoming last-minute snags

Larry Summers, a former Clinton administration Treasury secretary and now head of Obama's White House-based economics council, was asked Friday how far the bill will go toward reviving the economy.

"It is the biggest fiscal expansion in our country's history," he replied in an appearance on NBC's "Today" show.

Toyota offers buyouts to U.S. workers

Friday February 13, 9:10 am ET

TOKYO/DETROIT (Reuters) - Toyota Motor Corp (Tokyo:7203.T - News) offered buyouts to some 18,000 U.S. workers and said it would cut pay for executives and blue-collar workers in North America, and an analyst warned it may soon cut working hours in Japan.

The world's No.1 automaker, struggling as the global credit crunch sends auto sales sliding, said it would shut down production for more days in April at plants in the United States, Canada and Mexico and would cut executive pay and bonuses.

Read More >>

loading..

Share |