Market Observation

1. Global Recession expected in 2009... Fitch Ratings expects a global recession next year as the world's major advanced economies suffer from the steepest decline in growth since world war two. Tight credit conditions, consumer retrenchment and falling corporate investment are expected to combine to deliver an unusually synchronised downturn across the advanced economies. A recession in developed countires, lower commodity prices and reduced international capital flows will result in a sharp slowdown and growth in emerging markets.

2.Recession driven by a contraction in the supply of credit in uncharted teriirtory for the world economy and there are few historical parallels on which to gauge its possible depth or length. Aggressive actions by world central banks to improve liquidity and inject capital into banks and forcing banks to lend for development hopefully it will help the world economies.

3. Good Times or Bad Times there are always people making Money. So Be Brave. Be Positive. Ask People to Join. And Always Keep Going.

4. Crisis and opportunity is spelt the same way in Chinese. It is just how YOU LOOK AT IT.

5. Virgin Airways was Born on a Day 1000s of people could not get a Flight. Richard Branson booked a plane, asked anybody who wanted to join him for $39/-. The rest is History. His flight was full. The World's First Low Cost Airline Took off the Runway !