Battle 5

They call it "Credit Crunch" or "Financial Tsunami".
I call it "WWIII".

They call it the "Second Wave",
I call it "Battle 5"

Battle 1 - August 2007.
Two Bear Stearns' funds in Trouble.
WWIII begun.

Battle 2 - March 2008.
Bear Stearns Collapsed.

Battle 3 - September 2008.
Lehman Collapsed.

Battle 4 - March 2009.
Confidence Collapsed.

Battler 5 - ALREADY..... Quietly.......started!
Have you NOT noticed?!

Remember the MRF?
The Most Relevant Factor - the Unemployment Rate?
Did I not say it would jump by 100%?
USA's just hit 9.7%!!
(The TRUE figure is much much Higher)

Since the current USA Recession started in Dec 2007,
There have been about 7 Million EXTRA workers being laid off.
1.3 Million of them can NO LONGER claim the Unemployment Benefit,
By the end of this year - they've already used up their Life Time entitlement!

Remember the Sub Prime?
They account for a smaller share of the Total residential mortgage market,
But already causing Massive problems everywhere!
Now the bigger share, the Prime Mortgage, is also Melting!
So is the Commercial Property market, the Credit Card etc.
Bubbles everywhere!

Remember the Troubled Banking Sector in US?
So far, 89 banks have collapsed, 44 of them within the last 3 months!
Including the largest bank in two of it states!
They're also the 6th & 11th largest bank in US history!
And there are over 415 US banks are now in "Serious Trouble".

Remember the Governments Stimulus Plans?
All governments are now in Serious Trouble.
Since the Battle 1, they've spent a total of about US$12 Trillions!
That's 20% of the World's Total Output!

US just released the latest Household Income figure.
The Median Income in 2008 dropped by 3.6% to about US$50,000.
The Biggest drop in the office's 61-year history!
And the "Poor to Rich" ratio has risen from 12.55 to 13.2%.
The Highest since 1997!
= The wealth accumulated for the last 12 years had ALL been wiped off in a year!

And....

Enough is enough.
Enough for Talking.

Have you been Planning and Acting?

I've.
Putting my Australian House for sale.

http://www.owner.com.au/phototour/listing_phototour.cfm?listingid=44617
(Less than HK$1,500 per square feet)

Not because I do NOT think the house price will rise greatly in 10 years.
But because I believe I could have a Better Return in a Shorter Time Frame.
With the Same amount of Cash.

Now, Count Down for the Show Time.

Fate
There are Always Winner and Losers in Every Battle
www.myboysmyboss.blogspot.com