The above picture is the one that we have right now of the state of the economy that we are going to face. Sorry for the quality because I guess the picture itself knows the gleam outlook and doesn't want to shock us.
The above picture is based on the current budget proposal put forth by the 'outgoing' PM in his budget speech a not so long ago. After that, the economy headed south as with the rest of the world.
The USA, the biggest bully around, is heading into a recession and being the world's biggest consumer of almost everything, it is dragging the rest of the world with it.
The price of crude which was sky high about a few months ago, which helped buffer any adverse effect on our own economy, has since gone spiraling to below US70 per barrel and with it our own income.
Yes, I know you wanted to ask why is it that there is no corresponding decline in the price of petrol. A clown minister said it would go down so we just have to wait. You see, they pity those pump owners who would suffer loses should they bring the price down suddenly by a big margin. Funny, they didn't pity us enough when they increased it by a hefty 70 something sen which incidentally sent the pump owners smiling to the bank. Just face it, those pump owners deserve better treatment then us, mere citizens.
Okay, enough for the digression. Our leaders went boasting that we still have other commodities like Palm Oil which was trading at record levels and rubber to help cushion any negative impact on the declining income in the manufacturing sector. Then, as if god wanted to punish those stupid leaders for being dumb, the price of Palm Oil came crashing down.
In times of recession the most obvious route that any commodity would take is south since recession means less business and less business means less employment and less employment means less purchasing power and less purchasing power means less buying and less buying means glut and glut means reduced selling price and reduced selling price means less income.
Less income means less money in the bank and less money in the bank means less everything accept corruption. So back to that blurry picture. That is the picture painted now but, behold ye citizens of Boleh Land, despair not for the wizard of Pekan is here and has concocted a magic potion which your troubles would take away.
According to the Malaysian Insider, a clearer picture of Malaysia's economic future would be painted after November 4. The wizard is expected to come out with means and ways to rejuvenate the economy, read here.
Expect the media to go to town in high praise of these measures and expect them to come out with positive statements as early as 1 week after the announcement. Expect them to give magical figures quoted from some obscure sources backed by more obscure academicians from the University of Lahaq Yoi, University of Tualang Tinggi and University of Seligi.
Oh yes, by the way, below is the clearer picture that would be painted.