CHICKEN EGGS CHEAPER NOW

It is a good news that chicken eggs drop in price? It is due to general election? By the way, the real questions remain:Are other things like public transport, TOL, electricity bills, telephone and daily goods will follow to drop their prices?

The price drop was reportd by all the media. Read the news : The prices of chicken eggs dropped by between one sen and two-and-a-half sen effective today.

The price of Grade AA eggs is 28.5 sen (30 sen previously), Grade A 28 sen (29.5 sen), Grade B 27.5 sen (29 sen), Grade C 27 sen (28.5 sen), Grade D 26.5 sen (28 sen) and Grade E 25.5 sen (27 sen), according to a statement from the Federation of Livestock Farmers’ Associations of Malaysia (FLFAM).

The new prices were based on the market demand and supply, the statement said.

PM: Diversified trade can ride out US recession

Malaysia ‘s strategy diversified trade links will shield it from a slowdown or recession in the United States. In fact, we should export more to Arab countries, besides China, India and ASEAN, as our country is the leader of the Islamic world.

Prime Minister Datuk Seri Abdullah Ahmad Badawi said, Malaysia's strong fundamentals and diversified trade links would shield it from a slowdown or recession in the United States.

"Yes, at one time we were very dependent on the US, but following our diversification efforts, Malaysia has started to export to other countries and is not as dependent on the US as before.”

Fears of a recession in the US sent shock waves through global markets in the days leading up to the annual World Economic Forum (WEF) and overshadowed talks which were supposed to centre around the theme "The Power of Collaborative Innovation".

Bursa Malaysia was not spared, but fared better than other markets in Asia and has since recovered, closing on Friday at 1,405.40 points, after a roller-coaster week.

The prime minister said Malaysia's trade with Asean was much bigger than that with the US, and it continued to expand trade links with China, Japan, South Korea and India.

"Our economy is also showing signs of resilience. Total trade is more than RM1 trillion, we have large reserves of US$101 billion (RM327 billion) and some 86 per cent of our GDP (gross domestic product) is from the strength of the domestic economy."

Abdullah said Malaysia's services sector was growing, the ringgit stable and the stock market strong with a market capitalization of more than RM1 trillion.

"Our economy is strong due to our forward-looking policies. If indeed there is a recession in the US, we can withstand it. And for this, we need a strong government.

America has pneumonia, global markets rout.

"The US not just going to sneeze and have a cold, it is going to have a protracted period of pneumonia," New York University economics professor Nouriel Roubini told delegates in the 38th annual Davos World Economic Forum packed opening debate that featured a flurry of recession warnings and downbeat forecasts.

The root reason for US having a flurry of recession and downbeat forecasts is rising oil, follows by rising mortgage defaults by "subprime" customers who were issued loans during the last housing boom despite patchy credit histories.

Subprime credit woes and a housing slump have added to investor concerns that the US economy will shrink in the months ahead.

The US equity markets were in trouble and the immediate signs are the whole world equities lost steam with European stock markets turning lower despite bumper gains in Asia and after the European Central Bank hinted it was not about to cut euro zone interest rates.

Wednesday's Asia gains came on the heels of the first unscheduled interest rate cut by the Fed since just after the September 11, 2001 attacks in the United States, as the US central bank moved to stop a global markets rout.

But there were immediate signs that the cut might not be enough to restore investor confidence, which has been badly shaken by worries about the longer-term health of the US economy.

Traders and analysts remain on red alert over the health of the United States economy, which is the world's richest.

“They are still concerns around a potential US recession, there are also concerns around a potential UK slowdown," Hunter said, adding that the FTSE 100 was down by 10 percent in value so far this year.

"The other thing to add into the mix is the continuing fallout from the US subprime crisis."

With the fragile state of the world economy and stock market turmoil, the first unscheduled interest rate cut by the Fed being implemented. In fact, the moved to stop a global markets rout is to replace oil with the alternative energy. Oil is the political weapon and the root of evil. The question remains: Why should US spending huge resources in exploring the space but not solving the basic problem facing? At lease the technology should be used to find the effective alternative energy.

Politically, US are defeated by Oil. How long the United States economy, which is the world's richest, can remain if persisting non-stops rising oil is happening? In fact, the rising trend of oil is not going to stop. The statement: the US not just going to sneeze and have a cold, it is going to have a protracted period of pneumonia is justified.