Posted by Latuk Seri Rick Walker > 2020-04-15 10:46 | Report Abuse

Gone are the days of self prophecy in terms of antiquated economic model! If you follow the old school, yes, we are heading for a long deep recession!
But in this new era, especially when we were under Najib, we were able to avoid 2 recessions when all indicators back then pointed to sure recession!
The difference is understanding how to flatten the economic bust and boom! Like today, as the world live in fear of Covid19, if Mahathir was still in charge, we would be in deep trouble! He does not understand that government need to spend in order to prepare for coming boom! This was why Mahathir keep getting Malaysia into recession! He does not understand how economic works!
Najib however, truly understood how to use the fiscal mechanism to stablize our economy! Unfortunately, he had lousy PR and disaster to vote banks! Instead of focusing on sure win vote banks, he fatten up civil service thinking this new vote bank will vote for him! Fattening civil service also lead to future prospect where Malaysia will face certain bankruptcy!
So far Mohiden has able to please the crowd! However, we have yet to see if Mohiden has the willpower to implement fiscal reforms! Bringing back GST at this point is very crucial to balance out the enormous handouts! There's no 2 ways about it!
If Mohiden fail to do fiscal reforms, then just forget it! Malaysia will indeed face sure doom!

Posted by Latuk Seri Rick Walker > 2020-04-15 10:49 | Report Abuse

In bad times, government of the day must spend, spend and spend! Spending not on grandeus stupid pet projects but spending on crucial infra for future need of rakyat, and export oriented productions! Example ECRL is the best option on the table to open up east coast for industrial zones! HSR to open up mobility and trade between Malaysia and Singapore and extending it to Thailand in the future! So you see, there's no such thing as recession if the government of the day understand economics of things!