How are people feeling about the economy now?

Indonesians don't see the economy as bad as it is blown up in the news. They still go on holiday, shop in malls, eat in food courts, travel out of down. Is this what is happening in Malaysia too?



Koreans feel quite positive about the economy now due to the stock index for the key companies in Korea (e.g. Samsung, LG and Hyundai) has risen and showed quite positive business result in the first half of 2009.



UK's people seem to be confused due to the conflicting message in the UK media - Things are going to get worse? Things are starting to look more positive? The recession is already over? While many become lost in negativity, there are equally many who have more positive feeling towards the economy.


Australians are caught in uncertain time which binds them into a state of inertia. In short, they don't know what to do to react to the current economy situation. Interest rates are low, services could not be better and etc. Majority of them do not expect economy upturn anytime soon.


Americans have overwhelming feeling of uncertainty and it is unclear what the next is. No one thinks the economy is getting better. 5% of Americans say they're undecided on economy's direction. 13% of Americans say the economy is staying the same. 82% of Americans say the economy is getting worse.


Malaysians are optimistic about the economy. They feel secure, they make plans for the future, they get married, they buy cars and houses, they grow their wealth with stocks, bonds and unit trust. 58% of Malaysians think the economy will get better quickly. Based on my personal experiences (since I'm Malaysian), more than 70% of people around me buying new house and new car. So, are we really optimistic about the economy now?


Summary
As you can see people from Asia are generally optimistic about the economy situation now as compared to American and European. What is your opinion on this?

Source: www.synovate.com

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Are You Ready in 21st Century? Speak Chinese?

19th century belonged to England, 20th century belonged to United State, and 21st century belongs to China. Do you agree?

When I was first graduated around 10 years ago, I were not required at all to deal with China people and today it is almost like day-to-day activities that I have to deal with China folks. It happens to almost anyone around the world. Whether you're from Asia, Europe or U.S, I bet you're some how cannot run away from dealing China. Is that true?

I like the following quote from Jim Roger (i.e. he is an U.S. economist who currently stay in Singapore) who strongly believe that Asia has a strong potential.

"If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia."

I know some of us (probably some of the economist as well) are still denying the fact (maybe not the fact yet to you?) that 21st Century belongs to China. But by the time you realize, will it be too late already? See the following interview of Jim Roger:



The question is are we ready? Have you prepared yourself in 21st century? A very obvious answer is to prepare yourself is to “Learn Chinese”. Therefore, you can see the following trend which is happening today:

• Not so smart people at least send their kids to Chinese school because they think they are probably too old to learn a new language.

• Smarter people take initiative to learn Chinese by themselves no matter how hard the language is.

• Very smart people marry Chinese people to fasten their learning process. That's why you see a lot of western people love Asia's girls. Hahaha... perhaps this not really their intention?

So, how about you? Are you ready in 21st century? We used to proud of speaking English and now we're proud of speaking Mandarin, are we? At least few of my friends in State, they really proud of speaking Chinese and feel really exciting when they learn new words everyday.