EVERY WHERE YOU LOOK NOWADAYS THERE ARE OMINOUS SIGNS OF HIGHER FOOD PRICES, LEADING TO INCREASING DEBTS, DECREASED SAVINGS AND LOWER CONSUMER CONSUMPTION FOR THE AVERAGE MAN IN THE STREETS. EVEN THE NIGHT ENTERTAINMENT BUSINESSES LIKE OURS ARE BEGINNING TO FEEL BUSINESS SLOW DOWN BUT IN THE MEDIA THESE ARE NOT THE STORIES YOU CAN READ ABOUT OR EVEN DEBATE ON AS IT LOOKS LIKE POLITICAL MALAYSIA'S MASTERS ARE NOT ENCOUNTERING ANY FINANCIAL DIFFICULTIES IN THEIR LIVES …YET.
ALL THOSE GOVERNMENT GUYS ARE WORRIED ABOUT IS TO MAKE SURE THEY RAISE AND GET THEIR GRUBBY LITTLE HANDS ON ENOUGH MONIES WITHIN THE SMALL TIME FRAME THEY'VE GOT WHILE IN POWER.
FOR ALL THE TERRIBLY DEPRESSING FACTS IN THE INTERNET AND WESTERN FINANCIAL FORUMS & NEWSPAPERS, HERE‘S THE RUB:
NO LEADING AUTHORITY HERE IN MELAKA AND MALAYSIA SEEMS PARTICULARLY CONCERNED ABOUT THE AFTER EFFECTS OF ANY DOLLAR RUN FISCAL PROBLEMS.NO MEDIA DIATRIBE ON WHAT TO DO IN CASE OF FINANCIAL RUIN, NO IMPENDING STORM WARNINGS, NOTHING.
IT’S JUST TAKEN FOR GRANTED THAT EVERYTHING WILL BE ALL RIGHT. IT‘S AS IF THIS COMING PROBLEMS ARE ONLY GOING TO HAPPEN TO SOMEONE ELSE—IT‘S AS IF IT WERE HAPPENING ONLY TO THE OUTSIDE WORLD AND MALAYSIANS WILL NOT BE AFFECTED AT ALL. THE MAN –IN –THE- STREETS ARE TAKING THE WHOLE DOLLAR BUDGET DEFICIT THING SO LA-DI-DA THAT YOU WOULD THINK THAT THE ENTIRE COUNTRY HAD DECIDED NOT TO BOTHER WITH ALL THIS WARNINGS AND SIGNS OF COMING FINANCIAL MAELSTROM, EVERYTHING‘S FINE—WE‘RE DOING WELL, COULDN‘T BE BETTER. GLOBALIZATION ? WHAT ANIMAL IS THAT ? OUR COUNTRY IS A NETT IMPORTER OF RICE ? SO WHAT ??
RECALL DEAR READERS, HOW OUR CENTRAL BANK,THE BANK NEGARA PAINTED A ROSY PICTURE THROUGHOUT 2009. MALAYSIA WAS IN A DEEP RECESSION BUT NO FINANCIAL ANALYSTS DARED TALK.
THERE WAS AN AGREED SILENCE.
BUT, JUST A FEW DAYS AGO, IT WAS ANNOUNCED BY BANK NEGARA THAT THE ECONOMY HAD AN ALLEGED GROWTH OF 7.2 PERCENT IN 2010 AS COMPARED TO THE -1.7 PERCENT RECESSION IN 2009, A REMARKABLE PERFORMANCE FOR THE ECONOMY. (LOOKS LIKE ONE SHOULD ONLY TALK ABOUT BAD NEWS WHEN IT IS OVER!) . PROBABLY BECAUSE WE TOO DUMB TO UNDERSTAND, MEH?
ANY BAD NEWS IS TO BE IGNORED AS WHAT CAN WE PERSONALLY DO ABOUT IT?
BUT READERS, THIS MUCH I CAN TELL YOU:
ONCE THE GENERAL ELECTION IS OVER, EXPECT THE FOLLOWING:
REALITY WILL BE EXPOSED TO THE FULLEST EXTENT. THERE WILL BE CALLS TO THE PEOPLE IN MALAYSIA TO UNITE TO OVERCOME THE DRASTIC EFFECTS OF THE FINAL PHASE OF THE GLOBAL FINANCIAL TSUNAMI.
INTEREST RATES WILL SHOOT UP - FAST.
LOAN REPAYMENTS, ESPECIALLY CREDIT CARD DEBTS WILL BE THE KILLER. CONSUMER DEBTS WILL SCREW UP MALAYSIA BIG TIME AND DON’T YOU BELIEVE THE MANTRA THAT CONSUMER DEBTS ARE UNDER CONTROL AND
DEFAULTS PERCENTAGES ARE STILL MANAGEABLE.
BANKS WILL DEMAND HIGHER INTEREST RATES ONCE THE PARTY IS OVER. THEY ALWAYS DO. PRICE INFLATION WHICH IS ALREADY HIGH, WILL ROCKET TO THE STRATOSPHERE. FOOD ITEMS HAVE ALREADY GONE UP BY 50% OVER THE LAST ONE YEAR. DON’T BE SURPRISED THEY WILL GO UP ANOTHER 50% AT THE LEAST.
ENERGY (I.E. OIL) HAS GONE UP BY 40% AND WILL CONTINUE TO CLIMB HIGHER.
REAL ESTATE WILL COLLAPSE, AS WE ARE ALREADY IN A BUBBLE. THOSE DEVELOPERS SELLING LINK HOUSES FOR OVER RM800,000 AND BUNGALOWS IN THE MULTI-MILLION RANGE (FROM RM4 MILLION TO RM8 MILLION) WILL BE HARDEST HIT. HIGH PRICE PLUS HIGH INTEREST RATES = MASSIVE REDUCTION OF BUYERS = SPECULATORS GETTING BURNED AND UNLOAD = FINANCIAL BLEEDING = NPLS = COLLAPSE.
THE SAME FOR COMMERCIAL PROPERTIES BUILT ON THE EXPECTATION THAT THERE WILL BE STERLING GROWTH IN 2011 AND 2012.
THEY WILL TURN OUT TO BE ZOMBIES –MILLIONS OF SQ FT OF EMPTY SPACES = REDUCED RENTALS = CHASING FEWER TENANTS WHO ARE LOOKING FOR BARGAINS = SCREWED UP CASH FLOWS = MASSIVE DEFAULTS = BIG NPLS = COLLAPSE.
WHEN THE STOCK MARKET COLLAPSES, DON’T EXPECT BANKS TO LEND.
THEY WILL BE IN THE RECOVERY MODE.
IT WILL THEN BE A CASE OF EVERY MAN/WOMAN FOR THEMSELVES
I HAVE A THEORY—UNSCIENTIFIC, BUT I THINK IT‘S TRUE:
THE PEOPLE HAVE BEEN TRAINED WELL BY THE GOVERNMENT.....TO THROW IN THE TOWEL. THEY COLLECTIVELY REALIZE THAT THE SOME SORT OF SHIT IS GOING TO HIT THE FAN BIG TIME EVERY NOW AND THEN. WE'LL RIDE OUT THE STORM COLLECTIVELY AFTER UNDERGOING SOME HARD SHIP BUT THEN THAT'S LIFE. LET THE GOVERNMENT WORRY ABOUT THE BIG PROBLEMS....THAT'S WHY THEY'RE THERE. WE GOT OUR SMALL PROBLEMS TO BITCH AND WORRY ABOUT.
QUE SERA ...SERA.
Moving on, several interesting events unfolded these past few days in my life what with the Chinese New Year celebrations, the upcoming 21st celebration of my eldest son Utheya; visits from former clients to the cafe for dinner; the ECSpan Greentech company formation and several sales leads from Honda,Straits Hotel,Seri Malaysia & Perfect Food in Alor Gajah and not forgetting Pantai & Putera Hospitals Ceo's giving us the opportunity to prove our energy cost savings claim happening all within the same week.

The First Friday Group which mainly comprises of former SFI Teachers and Heads having their breakfast and monthly gathering in Ujung Pasir to celebrate a member's birthday.On this occasion,Mr.Ong Eng Khiam belanja all of us spicy curry chicken for this particular get together and without fail someone would ask "so,where's the " spicy chickens"; All I see are "Old batangs"(?) while winking mischievously ! The stall we were ordering from was Ah Lan's (SFA Caretaker) son's stall and this shop house kopi tiam has been around for a while here in Ujung Pasir. This group has been religiously ensuring their F1 group makan sessions are always at different localities each time as it gives all of them an opportunity to move about and sample all the tasty makan joints in and around Melaka while catching up on the latest news and gossip.

The Family Get Together between my Chinese Relatives and our Indian Relatives this year at Kampung Lapan was quite boisterous and noisy what with the children running around, the adults gossiping and catching up with each other over the dinner table (which by the way was almost groaning under the weight of the food my aunties prepared this year for all of us,even though she was told everyone was coming only 2 hours before our noisy arrival!)
It was Fun for everyone as everybody relaxed to the chatter of both Mandarin,Hakka & Tamil languages were heard simultaneously !
As my 3rd auntie (standing,red T) hustled and bustled around the makan table and kitchen ensuring the timely consumption of her mouth watering dishes coming straight from the wok steaming with love & goodness, the rest of us had a session of pakau playing.Later that night, everyone congregated to the Cafe for more get together Fun !
It's been quite a while since I've visited the Malls here in Dataran and lucky for us we were there at the right time today as the mgmt had a scheduled Lion Dancing show which we were very happy to catch. It was a very lively boisterous and noisy event with at least 8 Lions of differing colors prancing and moving about.
My evenings are suitably positioned such that the support from my group of buddies and associate members is quite remarkable as word gets around that HTH Cafe is run by Michelle & I. Many a evenings are spent quietly enjoying the ambiance and friendly banter between friends here as we go through crate after crate of beer ! One probably meant literally " my cup overfloweth" after seeing one on these sessions as michelle often reminds me that although I only partake in one glass of drink with the guys, in actuality that small glass is quite magical as it never runs dry as it's constantly refilled !
CHEERS !