Malaysia manufacturers retrenching workers

[kuma]

The Jobs Situation In 22 Major Countries

With the PMI's for May released y'day...things don't look good around the world.

Click Here To View

NOTE: A PMI reading below 50 signals contraction in the industry.

Stats via Business Insider

[kuma]

No Reserves cannot....now GOT Reserves also cannot....so How?

Asia's $6.4 trillion in foreign reserves a threat to stability

"The relentless build-up of foreign reserves by China and Asia's export Tigers has become a threat to financial stability and risks setting off inflation across the region, the Bank for International Settlements has warned."

"The "bank of central bankers" said the rising powers of Asia have boosted their holdings from $1.1 trillion (£715bn) to $6.4 trillion over the last decade."

"They top 100pc of GDP in Hong Kong and Singapore, and 50pc in China, Malaysia and Thailand. The BIS said reserve accumulation on this scale distorts the credit system."

"Central bank experts say excess reserves are not a sign of strength."....Ah? So everything I was told is now wrong??

I give up la, you read the rest HERE

[zinglicious]

When somebody kenot banzai, they blame the ground(rules) is either too hard or too flat But if China dun buy the US debt, who can and who would?

[zinglicious]

BTW, another fresh round of Asian cough and cold overview on Monday with the viral infection from Greece. http://sg.finance.yahoo.com/intlindices?e=asia

[Rhiga]

No Reserves cannot....now GOT Reserves also cannot....so How?

Asia's $6.4 trillion in foreign reserves a threat to stability

"The relentless build-up of foreign reserves by China and Asia's export Tigers has become a threat to financial stability and risks setting off inflation across the region, the Bank for International Settlements has warned."

"The "bank of central bankers" said the rising powers of Asia have boosted their holdings from $1.1 trillion (£715bn) to $6.4 trillion over the last decade."

"They top 100pc of GDP in Hong Kong and Singapore, and 50pc in China, Malaysia and Thailand. The BIS said reserve accumulation on this scale distorts the credit system."

"Central bank experts say excess reserves are not a sign of strength."....Ah? So everything I was told is now wrong??

I give up la, you read the rest HERE

Of course of course, Asia huge reserve is a threat to the global financial stability…

Asia countries with too much reserves (notably PRC and Japan) should use the money to help/rescue/bail-out the lazy, greedy and oversized folks in Greece, Portugal, Spain, Italy and maybe France as well.

I think I have heard similar comment that Asia is a threat to world economy stability when there is little reserve left during the 1997 financial crisis.

So, the conclusion or rather the principle of modern economy is – Western countries (US included) should enjoy life, work less, borrow money beyond means and spend all the future money AND when problems surface, Asian counties should rescue them with their hard-earned, hard-saved reserves or else ------------- THREAT to global economy stability…