Oil price has decrease to US 60 / barrel..how does that figure effect the world economy in general. Well, I can't give any techical comment on what is going to happen but I do know one thing, my government has decided to reduce the fuel price to as low as 2.15 MYR / liter.
Looking at brighter side, it is a burden readjustment where people could breathe better compare to last few month when price shoot up tremendously. Sudden price hike had caused most of malaysia where average income is still low, to put aside most of their pay check only to fuel their vehicle. Drastic increase in grouceries, food and even toilet fee...???
Basic principle in economy, when there is less demand, then price will gradually reduce and vice-versa. But, to make thing more interesting, though price or cost of living are getting more and more expensive, still demand to get better and promising life is also increase..therefore peoples are still buying and purchase thing that sometimes not really necessary...and finally number of bankcrupcy increase and relatively increase in Non-Paid-Loan figure in banking constituancy. Bank interest will also increase and people has to pay more to bank. End result, loan period getting longer...
To conclude my opinion, instead of my plan to retire early, now I may need to replan my retirement program. In-order to survive, we need to work harder.
Tag Heuer brand moto - Don't crack under pressure
?????
