I just read this email, sent by my mate. Whether it is truly sent by this guy or not, for me is not really important. What is really interesting is the message, and we all have to take precocious step for any possibilities happened....
" Hello guys,
Tan Sri Nathan has just sent this mail. I guess he would know as he
probably owns half of the properties in KL ! But anyway it is
prudent to take heed.
Sent: Monday, June 02, 2008 11:58 PM
Subject: Fw: FW: : Recession
Recession is coming...... ......... ......... ..make your own judgment, don't
panic !! Do what is wise.
The recession looks very eminent. It is really time 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 Trust 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, when you can get
good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first
out'.
Stay cool, wait, and if you took all of the above actions and more, you
probably will be better off then many.
This is not a rumor. Bear Stearns is the first of many banking and
financial institutions that will start falling in the not too future. If
Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole
world. US economy falls, the rest will crumble.
India and all those selfeconomies will be the most protected, but not
gullible. Europe may be a little stronger,
but not China, another giant! Malaysia will see significant impact.
This is my personal message to my friends, so if you want to, you can
forward this to your friends, but I will not be held liable for any
incorrect assumptions.
Regards,
..the novelty that keeps your money growing !
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