China has unexpectedly cut interest rate by 25 basis points, possibly to avoid a sharp slowdown feared by many in the market. US has not recovered and Europe is already in recession. The world economy still does not look good since the 2008 global financial crisis. The solutions seems to be printing more money by central banks around the world (calling it under various "policy" such as stimulus plan, quantitative easing etc).
US is expected to print more money soon (ie. QE3). Will the Malaysian government do the same and lead to many "unintended consequences"? Plan for the best and prepare for the worst.
Here is the latest on global economy by Mohamed El-Erian, Co-CIO of PIMCO, a global fund manager which manages more than USD1.8 trillion assets.
Business, economy, education and current issues. Providing tips, tricks and tools in managing business.