Your Weekend Viewing “Pleasure”
Economic Recovery.
Real or Trash? On one hand, we want to believe it but on the other, reality hits you where it hurts the most. So before we start getting euphoric and suffer from premature evaluation, consider these three videos – a three part series on the economy and the reality of this recession becoming one of the longest and worst times in modern financial history.
And those of you still huggin on to that bit of hope that China will lead us out of this recession, think again …
Lessons learnt but never remembered when it matters the most …
The next one is Micheal Moore’s take on this subject. I will be hunting for his new movie so if anyone has it, I want it!
Interview With Michael Moore
Also know that the organization that is bailing out banks is now broke:
FDIC Is Broke
And to end this weekend’s reading pleasure, check out where Las Vegas residents are now living …
Las Vegas Residents Living In ….
And finally, have you read today’s Strait Times (Pages A32 to A35, Review.Insight) about the cost of living in Singapore and how much our money is worth? JEEBERZ! You would think it was a problem in the making but the report sounds like we’re celebrating it. Makes my report on Singapore’s Economic Strength and Caploe’s response look like a non-event.
I could go on and on but Richard Martin’s links will blow your mood this weekend so I’ll save some to spoil your next weekend.
Cheers!
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Comments
The “Outsourcing Unemployment” video was posted on 13 May 09 at YouTube, and the highlighted gloomy situation must be taken in the context of early 2009 
Andy, I agree with the posting date. But that is what is scary … friends returning from Senzhen, Guanzhou, Fujian and Suchou are reporting worse conditions in manufacturing, production and retail since the middle of the year.
Now you have to ask why they are returning if China is truly properous?
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Good round-up of what I think we’re definitely going to look back on as the week when the “fragility” of the “recovery” became very visible … the fact that the housing news shook the markets so badly — and across so many sectors in any way related to housing — indicates that things are still definitely NOT great … so I share your congratulations to the people who made money over the last six months …
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