Recession is coming !!! Sorry....it is already here!

Recession has already came ... make your own judgment, don't panic !! Do what is wise and grid your teeth to ride this out. Remember you are not alone becoz all around us...the very people near and far shall also faced this pain. So at the end
of the day...it is to see who suffer less or whether who can come out of this stronger and ready to take your family to the next level.

The recession is not just looking very eminent but have already on "us". It is about time for us to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.

Suggestions:

1. Don't take any loans, buy homes, properties with loans, or even cash. Keep as much cash as possible.

2. Pay off as much of personal loans, private loans, as debt collection will be hastened.

3. Sell any stocks you can even at lower prices.

4. Take money off from any Trust and investment Funds.

5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.

6. Don't invest in new capital.

7. If you are selling homes/ properties/ cars , do it now since you might still get good prices for it esp if HDB, they are going to fall and when it does.....it will drop so fast until you faint ( just like the recent stock market meltdown ). If need to rent...then do it as even the rent will drop as reported in today's ST.

8. Don't invest in new business proposals.

9. Cancel holiday plans using credit cards and to do so if have some spare cash for it.

10. Don't simply change jobs, as companies will retrench based on "last in, first out" policy which is common since they don't have to pay much benefits to those affected.

Stay cool, wait, and if you took all of the above actions and more, you probably will be better off than so many others and will recover faster than most.

This is not a rumor. Bear Sterns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Sterns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. ( remember Lehman Bros and the nearly collapsed AIG? they are the early birds which started the recent meltdown for stocks all over the world )

US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China , another giant! Malaysia and Singapore will see significant impact as both countries depend alot on what is happening in US.