GLOBAL RECESSION

"A recession is a contraction phase of the business cycle. It is more broadly defies as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A sustained recession will become a depression." - From Wikipedia, the free encyclopedia

Reading the above article, prompted me to write this short little blog from my office.

In this 2 weeks, lots have happened. Millionaires going bankrupt, Billionaires going nuts.
The world biggest trading market, the forex exchange, has been ringing the bells. You are seeing volatile positions every single minute.

This global recession, i already taken it on board, started from the US. From a single sub-prime issue becoming a national fear that balloons into a global panic.

What is becoming of this world ? Can ASIA sustain the impact ? China has been strong against the greenback but recent scandals on their diary industry has resulted in bad reputation. That prompted the chinese government to tighten their fists and start moving their bottoms. Everyone down the line was questioned. With a small number of scapegoats arrested, are we seeing the end of this scandal ? What will China do to bring up the confidence of the consumers ?

Next question we will be asking ourselves will be the CONFIDENCE of the investors. When will they return to the trading platforms ?