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CK Newsletter Volume 62: Beginning of a Recovery(?)
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The Tokyo 225 closed slightly above 10,000yen on the last friday.
It's been months since the Tokyo 225 fell short of 10,000yen and many people both in the government and financial sector had their comments heard on paper and TV.
Some thought the worst is over. Some said the worst is yet to come because there is a whole lot of money with nowhere to go but to flood the stock market, even though there isnt any good news in the companys' year end closing reports.
I own no stock and have got no home mortgage. Somehow I could be categorized into the group of people where no matter how the financial market fluctuates as long as the real economy is not affected they would be OK.
I am not that naive to think that though. The Japanese government has handed out a huge package of economic stimulus policy and has announced the government will not be achieving a balanced budget in the coming ten years. and that could be longer depending on the economic outlook.
What I got from this news is that my paycheck will get thinner as year goes by. More taxes to cover up the red in government budget.
Guys is the Malaysian government giving out candies now in exchange for Rottan in the future?
Have a good day.
sent on 09/6/14