no go for bail out

Times are bad now. The US$700 billion bail out plan did not get the go ahead. Read it here. Stock prices plunged along with the news. When the bail out plan was proposed, the stock prices went up. And now that it had failed to get the necessary approval, back down the prices go. The current financial market is really not for the faint hearted.

How would it impact you and me? The people on the streets? Clearly, our confidence has been eroded. Who would know what to trust now? Uncertainties are plentiful. Our hard earned money, where and whom can we safely entrust it to? Not only that, the investment that we made, will most likely to be on the decline. If you're making money, do teach me how you're doing it!

Closer at home, I think it is prudent to start some belt tightening measures. The electricity bill will be going up starting October with it rising about 21%. Also, there will be an increase in some of the newspaper price due to high printing cost.