Sunday 12 October 2008

Recession is on the way, better pay attention Malaysia

Does the Malaysian finance minister, none other than DPM Najib Razak, realise that the proverbial shit is about to hit the fan?

Perhaps he is too pre-occupied with other matters to know, or even care?

Malaysia is certainly far from being recession-proof!

According to the government subservient main-stream media in Malaysia, 'everything in the garden in lovely'.

The Star reports Malaysia's second finance minister as saying "Malaysia unlikely to enter recession" see HERE

But what is the situation in the real world?

Click, to read what other think,


"Well, if they have been reading reports closely, they would see that palm oil and crude oil prices have plunged also.

Local newspapers have not been reporting the meltdown on a big scale. The coverage is still mainly limited to the business or foreign sections, and tend to present the 'official' side of things.

In today's publication of The Star, the biggest English daily, a story on local banks focused on the positives."

For the Star story about local banks, click HERE

A fronte praecipitium a tergo lupi

A precipice in front, wolves behind

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