November

Another new month! and it is near to end of 2011,

bloody hell that i am well pad-lock with my current position, i was travelling around the globe for it, and i left my dearly hubby in Oslo for treatment,

he is up and down with his treatment, so i might consider an offer to send him to Cuba for cancer treatment, but on our own expenses! bloody hell with the insurance company thee are having slide confusion with authorized cancer treatment from USA,

what is the high premium my hubby paid for?

I cant reveal too much on my work order! nor that i could comments on nik the greek recent update on greece...sorry dear.

nor can i update my sex esplanade(do i have one lately) like Lee-queen of cambridge, hahaha

My life currently more on Jetting and meeting people for either selling or giving bon. My good phrase when introducing myself is

"Do you want to have a loan?" and be prepare to be chop off.....

Oh most probably our Christmas this year will be in Cuba,

The Summer Begin

Happy Summer to all of you!

I will be busy with my hubby and my new position at world bank! OK it's Confirm! but I am to handle my current portfolio in ECB for the next 6 months!

hehhe TWO salary! and I am IN.......

MUAHHHHHHHHH TO MY HUBBY!

Thanks for your approval! you always support me and love me!

Re Assignment

Yeahhhh

I do think or i presume my Senior Director knows i really need this Re Assignment of jobs for 3 weeks in Singapore.

He was looking at me yesterday with his serious facade (lol like i never saw that faces before!... he was my Ex-Professor of Econ)

and congratulate me on my proposal to set up a newly units of R&D for Asean Finances Institutional - Stress Test.

Just a set up lol! at least i have all the reasons to celebrate a meaningful Idul Fitri with my hubby and little one with my Family members in Kuala Lumpur.

We will touch down Changi Airport next week Monday. Oh God Bless so we,Steve and me don't have to get starving for extra period of fasting time compare to what we had now in Berlin, Germany...

and tell me all about the foods... especially Steve's fav Nasi Kandar and Nasi Beriani! yummy2.

But it still a Job Assignment for me thou! at least Steve's and little one are happy. I can keep my happiness to my self as long as Steve is with me. gosh very selfish right!

Where i am......

Very good morning from Brussels.

It has come to my understanding that US Senate votes to continue debating a bill that would overhaul financial regulations, dealing a setback to Democratic leaders, who wanted to move towards a final vote on the legislation.

The motion to end debate fell three votes short of the two-thirds majority required.

On the other hand Germany has taken up the next control measure by ban in "naked" short-selling. Where speculators sell assets they do not own, in the country's top banks, eurozone government bonds and credit protection on those bonds.

If only United States of America (during bastard bush's administration) would realize ages before economics turmoil, we could be save under the jacket!

Yes! i am now stand on my two feet with a gun's fully loaded. Back on working with European Central Bank (ECB). I' m in the Committee put for G20 meeting next month, focus on the Investment terms for the whole bailout systems to save Euro.

Too many people to meet and remember! apart from working under urgent atmosphere, it look like everybody knew me out of blue and time is the essence and future lies in-front.

The Economic point of view.

The author has taught me Economics during M.A Econ.

Can you have a common monetary policy and currency without a common government?

Euro was a good idea initially from an economic point of view, but that the forces behind it had been political, and the project had been caught between countries’ desire to remain independent and having to give up some of their sovereignty.

“I think Europe’s going to have to decide in the end whether to get more integrated or to get less integrated, in which case the euro is the question.”

According to White House economic advisor Paul Volcker said Thursday that the lesson of Europe’s current woes is that the euro zone will have to integrate to a greater or lesser degree than its present state.

It wasn't his place to tell Europe what to do, but he said it was a big issue.

Talking on what measurement has been taken up by European Union (EU),

EU finance ministers and the International Monetary Fund agreed Monday to commit 750 billion euros to support euro-zone governments that have difficulty borrowing in the international bond markets,

while the European Central Bank (ECB) began to buy euro-zone government bonds in an effort to bring down borrowing costs. The unprecedented package of measures responded to concerns that strains linked to the Greek debt crisis could spread.

This my darling, will definitely put the countries like Portugal, Italy/ Iceland, Greece, Spain (PIGS) on fire. I am not sure how people will react, a Government with EU Financial Controllers sitting in every Board of Executive of Ministries department, higher or new improvement on Taxes and Excess Duties, and on top of it, is the decision power exhale by the Prime Minister of the country has now gone with the wind.

As an Economist, i believe that any Government should protect all their citizens, by hook or by crook! so taking an easy step in every departments would create a harmonious environment rather than acrimonious.

Surely, i need a public policy personnel to help me on this matter. A well known exemplary among their peers. A wise men as a leader and doers not the sweet talker.

During my years of service as Economic Planner in Middle East country, I have exhale by acts upon exemplary. Showing mercy to all levels of people and trustworthy.

Pray for me-self, i am taking up the one year contract with ECB and EU's and IMF and God, to be able to fixed some mistakes and leave this very world with dignity. My closest friends said "i am nuts and would ended nowhere with many problems".

Steve's is very supportive and he'd always be with me, come rain or come shine.

Would love to give a try.....by God's willing.

What happened to the economics profession? And where does it go from here?

It’s hard to believe now, but not long ago economists were congratulating themselves over the success of their field. Those successes — or so they believed — were both theoretical and practical, leading to a golden era for the profession. On the theoretical side, they thought that they had resolved their internal disputes.

Thus, in a 2008 paper titled “The State of Macro” (that is, macroeconomics, the study of big-picture issues like recessions), Olivier Blanchard of M.I.T., now the chief economist at the International Monetary Fund, declared that “the state of macro is good.”

The battles of yesteryear, he said, were over, and there had been a “broad convergence of vision.” And in the real world, economists believed they had things under control: the “central problem of depression-prevention has been solved,” declared Robert Lucas of the University of Chicago in his 2003 presidential address to the American Economic Association.

In 2004, Ben Bernanke, a former Princeton professor who is now the chairman of the Federal Reserve Board, celebrated the Great Moderation in economic performance over the previous two decades, which he attributed in part to improved economic policy making.

Last year, everything came apart. bleak!!!!

Few economists saw our current crisis coming, but this predictive failure was overshadow during the "Bloody (Bush) Bastard Administration" if i may call so.

During the golden years, financial economists came to believe that markets were inherently stable — indeed, that stocks and other assets were always priced just right. Yeah i would like to put the blame on Alan Greenspan, there is no such thing as FREE MARKET. You make one winner and the rest falls. Come on, is this what we called an Economists!.


Ain't trust any bankers!, they are not Economists, they are just a mere CAPITALISTS, or rather TYRANT CAPITALISTS.

There was nothing in the prevailing models suggesting the possibility of the kind of collapse that happened last year. Meanwhile, macroeconomists were divided in their views. But the main division was between those who insisted that free-market economies never go astray and those who believed that economies may stray now and then but that any major deviations from the path of prosperity could and would be corrected by the all-powerful Fed (Federal Reserve ) Neither side was prepared to cope with an economy that went off the rails despite the Fed’s best efforts.

And in the wake of the crisis, the fault lines in the economics profession have yawned wider than ever. Lucas says the Obama administration’s stimulus plans are “schlock economics,” and his Chicago colleague John Cochrane says they’re based on discredited “fairy tales.” In response, Brad DeLong of the University of California, Berkeley, writes of the “intellectual collapse” of the Chicago School, and I myself have written that comments from Chicago economists are the product of a Dark Age of macroeconomics in which hard-won knowledge has been forgotten.

What happened to the economics profession? And where does it go from here?

As I see it, the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets, this time gussied up with fancy equations.

The renewed romance with the idealized market was, to be sure, partly a response to shifting political winds, partly a response to financial incentives. But while sabbaticals at the Hoover Institution and job opportunities on Wall Street are nothing to sneeze at, the central cause of the profession’s failure was the desire for an all-encompassing, intellectually elegant approach that also gave economists a chance to show off their mathematical prowess.

Unfortunately, this romanticized and sanitized vision of the economy led most economists to ignore all the things that can go wrong. They turned a blind eye to the limitations of human rationality that often lead to bubbles and busts; to the problems of institutions that run amok; to the imperfections of markets — especially financial markets — that can cause the economy’s operating system to undergo sudden, unpredictable crashes; and to the dangers created when regulators don’t believe in regulation.

It’s much harder to say where the economics profession goes from here. But what’s almost certain is that economists will have to learn to live with messiness. That is, they will have to acknowledge the importance of irrational and often unpredictable behavior, face up to the often idiosyncratic imperfections of markets and accept that an elegant economic “theory of everything” is a long way off. In practical terms, this will translate into more cautious policy advice — and a reduced willingness to dismantle economic safeguards in the faith that markets will solve all problems.