Contrary to popular mindset that when the Lunar New Year begins, that is when the next celestial animal takes over. In actual fact, the Ox will only take office on the 4th of February. The 26th is when he is elected to take over. This year is the Jade Ox that has been elected to take office. Seems the rest of the bulls dun want to.
One of my favourite all time movies, Wall Street has this speech. Taken from
http://www.americanrhetoric.com, the speech was given by Michael Douglas's character Gordon Gekko. In his speech he says to shareholders," The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA".
The sad fact here is that humans have been and always will be greedy. The lust for money, power or even knowledge in this world have become so weighted that we are always fighting in more ways than one, be it with others, amongst friends or within ourselves. Having worked in the financial sector for close to three years, sad to say, there is a disillusioned view of what many young grads have of the sector as high flying, high pay and a jet-setting life. The sad news is you have to sell your soul to the devil to get these. I have not stepped into that path yet, but I know one day I will and it will be sooner than later.
For the year 2009, from where I stand, when the next President of the US takes over, he needs to get into action of what he proposed within 90 days of taking office. What he has proposed he will do during his campaign run, he must put into action within 90 days. In this case, I am not saying with this action plan in place in 90 days, a recovery is instant. The problem with economic indicators is that it is always a lagging indicator. As such, by his action plan, if hopefully, swiftly implemented by the mid of the third qtr of 2009, we should see some signs of a recovery. Not big enough to trigger confidence, but modest enough to get people back on their feet to a certain extent.
Companies will let more workers go, esp in manufacturing since FY 2008 figures for a lot of them are very bad. That being the case, companies will undergo major changes to revamp their entire operations and get their books in order. Still, I am looking at the third qtr for some indication of recovery in GDP.
As for V shape recovery, I dun think so. It is unlikely for that to happen by 2010. A U shape one is on the cards, and the base may be shorter than what people have predicted. Then again, Economics is not an exact science. So just hang in there.
As they said, if life throws you lemons, make lemonade.