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Showing posts from October, 2010

Blowing lethal bubbles again?

Printing more money put into market or make more debt via bond issuance and force others to pay for, which one better solution? I think both are blood sucker. --- Thestar: Saturday October 30, 2010 By CECILIA KOK cecilia_kok@thestar.com.my PRINT more money, inject them into the system and the problems will ease? Not according to experts. Many see such course of action – commonly termed as quantitative easing, which the US Federal Reserve will likely announce next week – will only cause more headaches; to other economies first before returning to haunt its own. Presently, the speculation is still very much over the size and pace of this fresh dose of quantitative easing by the US Federal Reserve. But at the same time, concerns are already rising in some other parts of the world over the impact of further US monetary easing on their economies. China’s commerce minister Chen Deming, for one, had over the week explicitly voiced his annoyance over the rising challenge of an “im...

Rising concerns over household debt and bankruptcies among young M'sians

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Monday October 25, 2010 By YAP LENG KUEN Household debt to GDP rose to 76% last year from 64% in 2008 PETALING JAYA: Rising concerns over household debt and bankruptcies among the young have prompted several suggestions on how to tackle the problem at source. Apart from the expected curbs on property loans and possible limits on credit card usage, other steps include the creation of a personal credit scoring system, enhanced education and awareness among consumers as well as the financiers themselves. RAM Ratings head of financial institution ratings Promod Dass said: “Based on the latest available Bank Negara statistics, household debt to gross domestic product (GDP) has marched upward from about 64% in 2008 to around 76% last year. (Last year, this amounted to about RM389 bil). There is rising concern over household debt and bankruptcies among the young in Malaysia “This level is similar to that in Singapore and far lower than in Japan, the United States and Brita...