More boring stuff from the Net :|

• Malaysia-Finance Blogspot: Andy Xie On Current Global Crisis
  Lastly and the most obvious, the negative wealth effect from the evaporation of US$ 50 trillion paper wealth is cutting into consumption. The rule of thumb suggests that the negative wealth effect is about 5 percent. As two thirds of the global economy is consumption, ceteris paribus, the global economy can contract by 3 percent just due to this effect. Its impact is not all felt yet. Most consumers will adjust slowly
  (tags: economics)
• Malaysia-Finance Blogspot: Andrew Sheng's An Asian View Of The Global Financial Crisis
  But the country was now being challenged on these fronts. Indonesia was over-taking Malaysia in palm oil , electronics was moving to new cluster areas, FDI was weak and Malaysian companies were moving capital abroad after being crowded out at home.

  Also, Malaysia’s addiction to cheap imported labour has kept wages low. The result: companies have no incentives to improve productivity and Malaysia’s best talent goes abroad in search of better wages

  (tags: economy)