Naku recession na naman…..

Oo daw, me recession na naman dine sa Singapore at ayon sa mga nababasa ko e mararamdaman daw ito in the next two years. Effect ba naman nung pagbagsak ng ekonomiya ng US. Damay ang lahat dahil sa globalization ek-ek na yun….

Eto galing sa CNN, chronological list ng mga pangyayari, inangkat ko lang ha:
(CNN) -- The credit crisis has transformed the global financial landscape, bankrupting established names and prompting unprecedented interventions by governments and central banks to save others from collapse as they buckle under the weight of "toxic debts." This timeline charts the key moments in that process.
Feb. 7, 2007: HSBC announces losses linked to U.S. subprime mortgages
May 17: Federal Reserve Chairman Ben Bernanke said growing number of mortgage defaults will not seriously harm the U.S. economy.
June: Two Bear Stearns-run hedge funds with large holdings of subprime mortgages run into large losses and are forced to dump assets. The trouble spreads to major Wall Street firms such as Merrill Lynch, JPMorgan Chase, Citigroup and Goldman Sachs which had loaned the firms money.
Aug.: French bank BNP Paribas freezes withdrawals in three investment funds.
Sept.: Crisis-hit UK bank Northern Rock admits financial difficulties as it asks Bank of England for assistance. Share prices fall as customers queue up to withdraw their money.
Oct. 1: Swiss bank UBS announces losses liked to U.S. subprime mortgages
Oct. 5: Investment bank Merrill Lynch reports losses of $5.5 billion
Oct. 15: Cititgroup announces $6.5 billion third quarter losses
Oct. 24: Merrill Lynch announces losses to be over $8 billion
Jan., 2008: Swiss bank UBS announces fourth quarter losses at $14 billion.
Jan. 11: Bank of America pays $4 billion for Countryside Financial.
Jan. 15: Citigroup reports $18.1 billion loss in fourth quarter
Jan. 17: Merrill Lynch reports $11.5 billion loss in fourth quarter. Washington Mutual posts losses
Feb. 13: U.K. bank Northern Rock is nationalized.
March: UK hedge fund Peloton Partners and U.S. fund Carlyle Capital fail
March 16: Bear Stearns, the U.S.'s fifth largest investment bank collapses and is taken over by JP Morgan.
April 1: German Deutsche Bank credit losses of $3.9 billion in first quarter.
April 13: U.S. bank Wachovia Corp. reports big loss for quarter.
May 12: HSBC writes off $3.2 billion in the first quarter linked to exposure to the U.S. subprime market.
July 22: WaMu reports $3.3 billion loss for second quarter.
Aug. 31: German Commerzbank AG takes over Dresdner Kleinwort investment bank.
Sept 7: Fannie Mae and Freddie Mac effectively nationalized by the U.S. Treasury which places them into "conservatorship."
Sept. 9: Lehman Brothers shares plummet to lowest level on Wall Street in more than a decade.
Sept 14: Lehman Brothers files for bankruptcy. Stock markets plummet; Central banks inject billions of dollars into money markets. Bank of America agrees to buy Merrill Lynch.
Sept. 16: AIG Corp, the world's biggest insurer bailed out by the U.S. Federal Reserve. Morgan Stanley and Wachovia enter merger talks.
Sept. 17: Halifax Bank of Scotland (HBOS) merges with UK bank Lloyds TSB in an emergency rescue plan representing one-third of the UK's savings and mortgage market.
Sept. 18: Fed and other central banks inject billions into global markets to help ease the crunch.
Sept. 22: Japan's Nomura Holdings buys Lehman's Asian operations for up to $525 million.
Sept. 25: WaMu sold to JP Morgan.
Sept. 27: HSBC announces 1,100 job cuts worldwide.
Sept. 29: UK's Bradford & Bingley nationalized. Spanish banking giant Santander to buy deposits for $38.2 billion. U.S. House of Representatives rejects a $700 billion plan to bail out the U.S. financial system. German bank Hypo Real Estate is bailed out by a consortium of banks. Citigroup, the world's largest bank, buys Wachovia. Irish government moves to safeguard all bonds, debts and deposits for two years in six banks and building societies. Belgian insurance giant Fortis is bailed out by the governments of the Netherlands, Belgium and Luxembourg. Iceland's third largest bank Glitnir nationalized.
Sept 30: Belgian bank Dexia bailed out by France, Belgium and Luxembourg. Swiss bank UBS expected to announce losses before Oct. 2 shareholder meeting

At eto naman ang payo na nakuha ko lang din sa emails:
Suggestions:
1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.10. Don't change jobs, as companies will retrench based on 'last in first out'.

Buti na lang di kami mayaman pero ang nakakatakot e yung mawalan ng trabahong pang kabuhayan…
Sana naman e hindi….

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