WORLD: The paradox of thrift - What Are We To Do
Posted on February 28th, 2009 by Content Keyword RSS
. PENANG, Malaysia / The Malaysia Star / February 28, 2009 By DR.TAN SRI LIN SEE-YAN Dr Tan Sri Lin See-Yan, 70, a former banker, is a Harvard educated economist who now spends time promoting public interest. The year 2008 was a disaster for savers. We are taught from young that we should always save. Indeed, it’s a virtue. Stock markets the world over have since plummeted, with the value of investments having fallen by about 50%. The prices of bonds and commercial property have also plunge
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