Lulu, as she had mentioned many times, is NOT an ecconomist. The closest thing to being an ecconomist is having a dad and a sis who read Eccons in uni. Not that it counts, but I have also read Freakonomics and The Undercover Ecconomist. So, trying to understand this ecconomic "boom" that the country is experiencing is quite a challenge to me.
On one hand, you read of terrace houses in (even faraway places like) Bukit Jelutong being sold without problems at RM700K and RM2-3 million for a semi-d in Kiara. Lifestyle gyms with minimum RM120 monthly fees are sprouting everywhere. EVery young kiddo in church seems to be driving either a Vios or a Honda.
And yet, my colleagues, bloggers and family-on-the-street (the family version of man on the street, not families living on the street) are talking about how expensive milk powder is, electricity and toll (esp toll) charges going up and the cost cutting measures they have to take.
Lulu is not sure what to think or believe anymore.
SO, Lulu is very thankful for Khoo Kay Peng, and those like him, who are learned and trained, analysing the situation, verifying what they have learnt and understood, and blogging about it for the comprehension of Lulu and others like her. Khoo Kay Peng (shorten to KKP cos his name is going to be repeated a few times on this entry and Khoo Kay Peng is just too long to type, and not on 1st name basis, so cant do a Kay Peng, Kay or Peng) is the Executive Director of SEDAR Institute, a local think tank associated with Gerakan.
In his entry, Economic Sentiment , KKP checked how the foreign and domestic investments had increased to give a combined figure of more than RM42 billion, gave an insight on who else is buying our property, and what to make out of the drop in the vehicle sales.
Lulu likes his ending, "If yes, the government should encourage employers to increase the salary of their workers as a gesture of their appreciation." I want! I want!
for this particular entry's comments, there is quite an interesting intellectual sparring between KKP and Elanor, one of his readers. Lulu with hampir-0 intellect, reads with great awe. I did want to leave a comment, but thought that it would sound so lulu in between their sparring.
Do drop by his blog, and i hope that you'd enjoy it as much as i do. And if you're a lulu too, you'd probably learn from his entries too.