We're facing with acute economic problems in recent months & more signs of falloff have becoming imminent. Disposable income for most people has been squeezed since inflation rate is growing rather faster than anticipated.
In global landscape, we're experiencing high commodity prices, negative employment rate, poor monetary policy, sovereign-debt crisis in major European countries, power struggle in middle east and many more to list...
With this in mind, we should take extra precaution in managing our daily budget by spending within our incomes with some extra saving. We should force at least 10% of saving from our nett income on monthly basis to ensure survivability in this turmoil period. The gloom is expected to last till early next year unless major big players in financial world take necessary steps to rectify the situation.
We should be cautious in next few months since economic recovery will take long time to adjust accordingly & there is long way to go for the better future... This is rather a myth to economist fundamental but the fact is there are so many people out there who is struggling to get enough food for their daily consumption. Millions of Africans are still fully depending on humanitarian aid package from united nation & other countries in order to survive in their homeland. To make it worst, internal conflict among them has prolong the economy recovery & no sign of reconciliation in near future.
All of these scenarios has shown how bad the surrounding that we're living today & we need a better leader to uphold human dignity so that everyone can live in harmony environment.
Be cool!
-kacm SA
