Some of you already kown about the probability of governization of Citi group and Bank of America and some

others which will occur no later than May as well as some banking failure.Don't be Panic much ( mostly meant

to myself) , you can just be well -prepared for your career and perhaps your financially budget in alteast next

3 years.The FED already adjusted the world GDP to 0 % which means than we will be in recession definitely

entire word no matther how developed you are. This source of figure tells us much more since it can imply to

how severe the world economy is ; the wold GDP have to remain 3 % for keeping the world economy

extends.And how to improve this situation, lots of professionals said that, we have to help emerging countries

recovery first after than European countries and North American can.In case of Thailand, since we have export

figure contraction, Juary,an that will lead to weakening of Baht , and they siad, Bank of thailand don't take any

action to intervene with hope to reboost the export sector since Thailand is expprt led growth country.Latelty

I have heard that we will have huge loan form World bank ,following the idea of saving Asian first before we

died. I just don't want to tell much..only say that if u have enough money and live your life economically so

go out to travell in Thailand to speed the money circulation resulting in better economic atmosphere and help

we feel happier.

Stay cool all

I spoke with a girl in California this morning. She said that the US is NOT in recession BUT in depression.

I can see a few Thai banks going under in the next 24 months, did they not change the coverage laws a little while back as well?

Hypermanic- Actually I don't care the state of recession much, but I do CARE the result of it which you call depression

Economies, like China and Japan, whose banking systems are less exposed with toxic assets, start to feel the effect of world economic slump... because they are so export-driven. In the case of China, despite the the steep decline in exports, their imports fall even faster (import demand is more sensitive to income). Their growing trade surplus will put upward pressure on Yuan Renminbi which will further deteriorate their export industires. So, the hope that Chinese economy will carry us all out of global recession will not likely happen. Chinese government, with their enormous wealth, have to start picking up their tab.. boosting their economy with big stimulus package or something.

Oh well, enough BS for the morning, let me get back to my mailroom job.

Job Description Investment profession

Not to be mean, but I'd start looking for a new job pretty soon. When Thailand admits its not immune to the world recession and its actually worse off than most there will be a lot of jobless bankers/investment bankers and the rest.

beej..I got the rumor that Tisco bank is in troble and also the bad looking income statement of BBL.But,

Bank of Thailand imposed capital control and we have learnt about moral harzard a bit that stop us from

invest abroad;not as much as we are supposed to have , so the exposure might not be that enormous

Thanks for your kind concern beej, but luckily I am not that plain investment banker in a risky bank name.

Kerry2004.- your saying are all the fact which most of us concern since we don't have any engine to boost

the world econoy in the short term.

Milk Biscuit-I talked to only one senior staff ( actully vice president) who I have to contact with... she siad that citi bank lay off many of staffs again in January but not in her department which make coming cash flow to the bank.Also JP morgan and some foriegn brokerage laid off staffs since December last year. That what the point

make me happier working for Thail name company in such this circumstance.But hmmm we do concern about

the money we invest in Korean bonds!!!!!!!