The condition for economics:
1. The financial crisis in the USA really very serious. None was safe. This the system that was destroyed.
2. The crisis crept all through the world.
3. Many countries have entered the recession period, like England and Singapore. In fact plenty of countries have entered the recession but in a manner the definition not yet because in the definition of economics of a country was stated by the recession when the growth of his economics was negative 2 quarters were endless. So that lived in Singapore, England and the US really must carry out the change in the way of life from now on.
4. The economic crisis has crept into the sector real meaning that is felt by us. Now in fact already but not many laymen that really realised his impact. Our export has slowed down, the prices of our commodity have fallen, our exporters have dismissed the employee, the illegal import has entered. The growth of our economics could be negative.
5. Sector that more previously was affected by his current was property, the manufacture, the mining, the plantation.. .. in fact now has was felt. So next year should not hope for your company the bonus love again big or the salary increase love again high. Meaning that: Everyone, all the countries was in the war contested cash. Who that had cash eventually had the capacity more to remain.
It is best to:
1. The pay and all income should not be bought investment again. Hold CASH. So, the pay entered should not the expenses anything.
2. The thing tertier especially that will be bought with credit was postponed.
3. When you heard the price of gold rising et cetera, don't be tempted. Gold indeed rose, but really volatile.
4.Investasi postponed previously. If indeed had money more the fixed deposit at this time that was most appropriate, same near to cash although being was due them.
The suggestion about the fixed deposit:
4. A. Put to the safe bank, if could the government bank.
4. B the guaranteeing Flower of the government of 10%. Meaning that when your fixed deposit got the flower on 10% then your money will not be guaranteed by the government. Continued nominal that was changed only was maximal 2 billion.
5. Don't panic then slavishly bought gold or dollar. Dollar precisely high-height. Dollar that was high this because the foreign investor pulled his money from Indonesia. They needed dollar to be able to be brought to their country. So not because of the condition for our economics that was ugly.
The rumour:
1. Indonesian economics strong, far more stronger than Singapore in fact. Singapore has entered the recession,
2. quarters were endless -6%. Indonesia was still growing 6%.
3. Our foreign debt was very small at this time and our foreign exchange reserve was far more stronger than the year 97/98. Previously our foreign debt 100% and our foreign exchange reserve of zero. At this time we also did not have relations again with IMF. All our debt independent.
The action:
1. Apart from provided cash for our need and the family, from now on bought and with the domestic product. Now all the countries needed cash, his term not there are those that bought their merchandise, all of their countries of the wish of product merchandise to be able to cash. whyed tried us gave the country's other people the income by buying their product? So, with all the local products.
2. The arousing import product has entered attacked to Indonesia. That in fact the country's other merchandise that not the behaviour in the USA because of the USA and rich countries and advanced has been bankrupt so as not the interest again. The price of the thing was cheap. Although China economics was still growing 10% and their foreign currency reserve was biggest in the world, their money also already many enter in the USA so as they also felt the impact of this crisis.
Investment;
1. For you that had reksadana in the share, if your value of investment already under 50%, let, should be not sold because if you sold then your money really will little remain. Let later returned again... but this time was quite long.... minimal 2 years in fact more. Once more this the very big crisis, biggest forever modern world economics.
2. should not buy the insurance with link again. When having the insurance with link inside I the guarantee produced by your investment was very small. If not yet old beli him asked to his agency could not diswitch to pure the insurance.
3. If indeed had money more, put to the fixed deposit. Now yield him still was high but remembered the explanation about the fixed deposit above.
