Why Stupid People Get Richer

Is a very interesting book title

Here we have the deputy chairman of The Star giving a speech to UTAR graduates on how to be more creative and take (calculated) risks. An interesting and thoughtful speech.

Would've been better if I was there to hear it myself.

Where Are We Headed Part 1

Coming soon to a store near you.

In the west, we have America's debt ceiling crisis (which remains partially unresolved), with Europe on the verge of kicking Greece out of the eurozone for failing to meet their fiscal targets; being one of the conditions they accepted when receiving the bailout fund from the European Financial Stability Fund / European Central Bank. I knew that this whole debt-crisis bullshit would somehow spread to the east, but I didn't expect it to have such an impact to a point where Fitch Ratings changed their outlook to China to negative, with a high probability of downgrading their bond ratings as well; including Japan.

Although numerous organizations are confident that chances for a double-dip recession or a meltdown similiar to 2008 are low, the outlook is still bleak, worse, we might even be heading towards a total global stagflation. Personally I believe this is the only direction in which the global economy is heading, and the signs are evident. High inflation, with moderated or low economic growth leaves legislators and central bankers with a massive headache. The South Korean government is one of the many countries currently experiencing this issue.

Despite all this, OECD has called for central banks to maintain their interest rates, wheras the IMF has urged countries to opt for stimulus packages or introduce some measures to develop growth (provided that they develop a credible mid-term debt control strategy) instead of focusing on short term austerity measures. These options however, are extremely tight and limited; not many countries (especially ones which are currently debt riddled) have the luxury executing anything else except an expenditure cut. So where does all this leaves us? In a shithole without a doubt.

Maybe Paul Krugman can come up with a Plan C this time?

World's Solar Panel Industry

We needz moar energi!

I have always been under the impression that America is the world's leader in terms of innovation, technological development and advancement in sciences. But with the closure of some of the Solar Manufacturing Companies; some backed by Barrack Obama himself, citing stiff competition from their Chinese counterpart, is this a tipping point where soon we will see China lead the way for solar panel developments?  It seems that solar panel manufacturers in South Korea are also suffering due to the loss of their American competitors and Chinese competition. Surely this is a sign predicting a shift in the World's Economic Centre of Gravity?

Cliche, but only time will tell.