gross domestic product Archive

  • Anyone who is currently speculation/investing in stocks, thought wrong that current stock market is a free market. The market is setup mainly for the big boys and not ants (the rest of us). Sometimes some ants wins but they (the big boys) will make sure that the winning ants is small just to paint a picture into the other unsuspecting ants that the market is still a free market that anyone can win. It is a confidence game. When confidence  in a financial system fails, the whole system collapse. The big boys would not allow that to happen. They need the masses/ants to continue to use the system so that their own wealth in the system is maintain. Once in a while, the big boys will pull out some of their wealth and convert it into hard asset like gold, property, painting, antics cars, etc but they will not pull out all of their wealth all at once since they still the system up and running and they need ants to run it.

    News – ‘Buy on speculation, sell on news’ the way to go for now?

    Anyone who is currently speculation/investing in stocks, thought wrong that current stock market is a free market. The market is setup mainly for the big boys and not ants (the rest of us). Sometimes some ants wins but they (the big boys) will make sure that the winning ants is small just to paint a picture into the other unsuspecting ants that the market is still a free market that anyone can win. It is a confidence game. When confidence in a financial system fails, the whole system collapse. The big boys would not allow that to happen. They need the masses/ants to continue to use the system so that their own wealth in the system is maintain. Once in a while, the big boys will pull out some of their wealth and convert it into hard asset like gold, property, painting, antics cars, etc but they will not pull out all of their wealth all at once since they still the system up and running and they need ants to run it.

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  • GDP is a measure of economic output, and not economic growth. You can blow up a city and rebuild it, which creates output, but does nothing for growth. In fact, this is precisely what wars and natural disasters do. They destroy wealth that must be replaced, hence boosting output in the short run. However, the net effect is that there has been zero economic growth, only replacement of the lost wealth. Economic growth is an increase in real wealth, not a temporary increase in output.

    News – Strong growth sustainable for now, say economists

    GDP is a measure of economic output, and not economic growth. You can blow up a city and rebuild it, which creates output, but does nothing for growth. In fact, this is precisely what wars and natural disasters do. They destroy wealth that must be replaced, hence boosting output in the short run. However, the net effect is that there has been zero economic growth, only replacement of the lost wealth. Economic growth is an increase in real wealth, not a temporary increase in output.

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  • Malaysia's exposure to the five troubled economies in Europe in terms of trade is minimal at 1.5%, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. Speaking to reporters at the Malaysian Banking Summit on Thursday, he said the government is maintaining its target of between 4% and 5% growth in gross domestic product this year.

    News – Malaysia’s trade exposure to 5 troubled European countries at 1.5%

    Malaysia's exposure to the five troubled economies in Europe in terms of trade is minimal at 1.5%, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. Speaking to reporters at the Malaysian Banking Summit on Thursday, he said the government is maintaining its target of between 4% and 5% growth in gross domestic product this year.

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  • When we're small, our parents were our main source of reference both from their action and inaction. In a bigger sense, government is our big parent, or big brother. What they do, most of us follow although what come from their mouth not always the same as what they actually do. When their action contradict their statement, they still can "buat deek...". Not an apology came from their filthy mouth! One of the no-no thing in investment is borrowing money to invest. Investing is already a risky business. Using borrowed money only increase the risk multiple time!

    News – Malaysia’s debt still manageable, says Idris Jala

    When we're small, our parents were our main source of reference both from their action and inaction. In a bigger sense, government is our big parent, or big brother. What they do, most of us follow although what come from their mouth not always the same as what they actually do. When their action contradict their statement, they still can "buat deek...". Not an apology came from their filthy mouth! One of the no-no thing in investment is borrowing money to invest. Investing is already a risky business. Using borrowed money only increase the risk multiple time!

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  • The whole idea of GDP gives the impression that there is such a thing as the national output. In the real world, however, wealth is produced by someone and belongs to somebody. In other words, goods and services are not produced in totality and supervised by one supreme leader. This in turn means that the entire concept of GDP is devoid of any basis in reality. It is an empty concept.

    What Is Up With The GDP?

    The whole idea of GDP gives the impression that there is such a thing as the national output. In the real world, however, wealth is produced by someone and belongs to somebody. In other words, goods and services are not produced in totality and supervised by one supreme leader. This in turn means that the entire concept of GDP is devoid of any basis in reality. It is an empty concept.

    Continue Reading...