Anggarayudha’s Weblog

October 10, 2008

Financial Crisis and Presidential Election in America

Filed under: Career & Business, Miscellaneous — anggarayudha @ 6:56 pm

 Shares around the world took a battering Monday following financial upheavals.

Wall Street Crisis: “Lehman Brothers collapse stuns global markets” (http://edition.cnn.com/2008/BUSINESS/09/15/lehman.merrill.stocks.turmoil/index.html). 

Wall street financial crisis is the biggest issue that I heard todays about America. People busy talking about this in the TV, newspaper, radio and talking about the impacts to Asia.

One of my friend take out all his investment in financial product and start running real business in the human basic needs. Distribution of Gas, Mineral Water, hulled rice, Fresh Fish, FMCG, and other basic needs is one of his current portofolio.

My other friend, starts to worrying about the loan interest rate so that he plan to sell his property that he paid by bank loan and convert the money to bar-gold. He said, if the crisis happen.. so many people will have problem to pay their loan, then they will sell their property in a low price. That’s the time for me to buy in cash. He said that usually investment in gold are quite oke.

Another friend start talking about agriculture business and plan his investment on that one.

What about me?

I choose to stay away, try to seat and relax. Thinking about beautiful things that I have today and drinking a cup of hot jasmine tea.. 
Guys, what do you choose?    

What about the american presidential election? What about Obama and Joe Biden, McCain and Sarah Palin? 

Hey, who are they by the way? Hehe…

Cheers//anggarayudha

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