Japan Timez

The lunatic rantings of a middle aged young guy

Sunday, February 08, 2009

The sky is falling!! The sky is falling!!!

HEhehehe... actually not really just yet lah.... It will fall soon enough, trust me on this one, but the question is only when. I just spoke to a few of my friends that some of them have been retrenched. Now most of them are trying to find any job they can to put the food on the table for their family. I am not saying the large family hor... Just the wife and the kids hor... And the cycle goes on lor...

Of course, fiscal measures and also physical measures by the government should help a bit but then if you think about it, if the people do not change, then how can the measures take effect? There have been reports that the Yanks are at it again, lending money to those who cannot afford it using Government Guaranteed Funds.... It is the new sub-prime now.... So how? Will people change? Not very likely.... Banks have lost a huge bundle, but some are giving their senior executives big bonuses again.... can they change??? No likely again.

So now the topic will be when the sky will fall? Because it surely will.. People who are out of jobs will not be able to meet their repayments on time... Foreclose and you have a bad debt on your hands. Do not foreclose, you are only making the inevitable a little later. Take the hit now and your books looks horrible. If your books look horrible, investors and depositors will flock to your windows to withdraw their cash and make your books looks even worse.

What can we do? Well, even this guru does not know.... All I know is that the apocalypse is neigh and the dark horsemen are riding over the plains... Hey wait.... Sillypore no plains leh.... and a horseman will take very little time to ride across a football field..... Which meanss... Oh Sh8t.... we are out of time......!!!

Well my little ones... that is life and this is one of the darkest hours of our short lives. Not many of us at this generation have had this experience before. Not many of us have suffered before... So now let the pain and suffering begin... Oh yea.... Don expect anyone to come to your help hor... Don forget... I still have a tonne of lemonade in my fridge.... hahahahahahahaha

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