MONEY MASTER

WASHINGTON – President Barack Obama said Saturday the $787 billion stimulus program must be given a chance to work before consideration is given to a second such jolt for the still-ailing economy. Obama acknowledged in his weekly radio and Internet address that people are getting nervous about continuing high joblessness — the unemployment rate hit 9.5 percent in June — but said reversing payroll losses takes time. He asked Americans to be as patient as possible. Republicans have labeled the $787 billion stimulus a failure. Both Obama and Vice President Joe Biden have argued that the bulk of the money from the stimulus program is still being disbursed and that it already has saved many jobs. Obama criticized Republicans for opposing the stimulus but offering few alternatives to the worst recession since the Great Depression . And he rejected talk of a second stimulus, an idea that has been discussed by Democrats and even famed inves...

The recent three months rally has resulted in 30% increase of most of the stocks and the bourses around the world. This three months rally has also prompted many people on whether we are still in recession mode or we are out of the woods. Based on the volume for the past few months, I can say that most of the retailers have started playing with stocks and the three months rally is like a very energetic bull that just keep on going up without pausing. But when we really read at all the news, we can see that jobless rate in the US and European countries continue to spike, whereas Malaysia are seeing double digit contraction in her export data. So, with all the bad news, why are we seeing the market going up for three months without pause? The recent rally was actually drive by the commodity . Look at the crude oil price chart? It has been going from USD40 to close to USD72 in just three months. Other commodity prices are also increasing bit by bit. This commodity rally is fueled by Chin...