QUOTE FOR THE DAY - BAILOUTS AND SHARES BUYBACK ARE NOT HELPING THE PEOPLE

 When bailouts happen or corporate loans being approved with low interest rates and restructured, I think the money is intended to boost the economy by building more infrastructures and/or ease unemployment problems.

Instead; the "money" is used to buyback own shares/stocks to stabilize the price (by the "corporate borrowers"). As a result we see : two shoot ups - (1) corporate debts, (2) stock market price.

While this can being applauded, one thing remain constant, this "glory" happened while so many people including graduates are still unemployed.

Although share buybacks is legal, yet, it does not contribute to the people.

And yes, providing stimulus may be a good thing, but to those who are able to work - to have them employed is far more better.

Basics : When money is overflowing, the goods are lesser and higher in price, inflation will happen. (or is it happening?)

I hope this will not be a trend in Malaysia but I do see signs.