The dooms day is here! Welcome 2016 Global Economic Crisis! Uncle aunties will scream! There are reasons why 2016 could be the worst year ahead! Believe me! I'm the ultimate prophet! Pay me RM2.6bil cash and I'll tell you the greatest prophecy of 2016! My Force is greater than Raja Bomoh!
Ok, enough of the trashes above. So what makes me think that 2016 could be a bad year?
Oil Price
If you've been following news about the current crude oil price, you should have noticed that the recent slump had reached the the low similar to year 1997-98. Well, the current economy is very different compare to years ago. While the US economy in 1997-98 were known to be in good condition, the economic structure are very different nowadays. Many people had pour their investment in the oil and gas industries due to greed. 3 years ago, a lot of university students are getting themselves into the oil and gas engineering degree. Those who already working, lay their extra cash in this industry. People use to be envy about the Middle Easterners who shows off their luxurious "throphies".Therefore, the oil and gas industry has been well invested. Now, the oil slump had caused many greedy people, from the middle to the upper middle income group, suffer a great lost in their investment! Not to mention the students who had spend 4 years just to get into this industry, now realized that they can't even get a job of have to gave up their "getting rich" dream.
Therefore, it is clear, and evident, that whenever the oil price of the day drops, most of the market around the world will go down. Ta-daaa! Because they all have a piece of investment in the oil industry! That's they key! Now, prepare for the worst yet to come!
El-Nino
Human have a natural instinct to stay prepare for the worst. With the recent effect of El-Nino, people started to prepare, not just for food and shelter, also economically. With the weather getting warmer and less energy be used. (In Malaysia, it is different. When the days are warm, we switch on the air-conditioner to cool down and stay indoor.) This could cause a snowball effect on the oil price.
US Presidential Election
2016 election will be the major news around the world! There always something fishy happens during the election year. Economic crisis just happened during the time of presidential election when the current president is near end of term. For example in year 2009. I just feel like some secret society behind is actually playing with the economy to push people to vote for the opposition party.
Oh well... That's my trashes for today. :P
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