Ah, let me take a break from blogging about myself and go further into global issues. No, it concerns all of us, everyone who is involved in the economic cycle.

Recently, the media has been giving negative comments and job cuts are aplenty. Its either doing away with excess human resources in the company or reducing their pay. Thus, the outlook for the 2009 economy doesnt seem bright enough. To me, I feel that this is just a vicious cycle. The more negative the outlook, the more unwilling are people to spend. This just goes on and on until a day whereby some rich fella cant take it anymore and decides to spulrge/pump real solid funds into the crisis-hit economy. Only then will things take a turn for the better.

Well, if you were to question me on the biggest factor contributing to the financial disaster, I'd attribute it something that even religion was warned us from coming close to. It has 5 alphabets and its spelt like this, G-R-E-E-D. Yes, greed was the culprit for all the chaos. Financial institutions seriously do not have a good estimate of what they're doing and its just poor financial investment and planning. Yes, sometimes even the giants fall. So its never good to be arrogant for failure is inevitable in every stage of life. Everyone wants more and more money, up to the fact that responsibility doesnt come into the values equation and results in things getting way out of hand. Worst of all, they think that they're still loaded with funds and assests. The banks' high interest rates are killing many up till the point whereby loaners cant handle it and opt for bankruptcy instead. The turning point is then reached and bad debts accumulate. The rest of the story is known by many who are far more financially well-read than me. Seriously, its a big sin.

Well I guess all we can do now is that someone can reverse this evil cycle and everyone will find Love and Peace in the Lord in this crisis.