Cempaka Business and Economy: Hong Kong Enters Recession

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Friday, November 14, 2008

Hong Kong Enters Recession

By CHESTER YUNG, The Wall Street Journal

HONG KONG -- Hong Kong joined the growing list of economies that have slipped into recession as growth in the third quarter was hit by softening global demand for goods and services, prompting the government to cut its economic growth forecast for 2008.

Hong Kong's gross domestic product fell 0.5% from the previous quarter on a seasonally adjusted basis, following a fall of 1.4% in the second quarter, according to government data released Friday.

Economists predict this economic downturn will be deep as the world struggles to recover from the financial crisis. They said Hong Kong is now in a technical recession as the economy has contracted on a quarterly basis for two consecutive quarters, and expect that it will worsen next year and possibly last until 2010.

"This is only the beginning of the economic aftershock, and the territory will likely continue to suffer from tremors in the coming quarters," DBS economist Connie Tse said.

"The local economy can no longer rely on household spending and private investments to fuel growth," Ms. Tse said. "The melt down in the equity market and declining job security have left business and consumer confidence flagging."

The Hong Kong government also cut its full-year 2008 GDP outlook to 3% to 3.5% from the previous 4% to 5% forecast, but kept its expectations for the consumer price index unchanged at 4.2% for the full year. Last year, Hong Kong's economy grew 6.4%.

The government said the economy was hit hard in September as the "outbreak of the global financial tsunami" battered the local stock market and hurt consumption at the same time weak external demand slowed exports.

Irina Fan, senior economist at Hang Seng Bank, said Hong Kong won't recover until 2010 "at the earliest."

"The whole world has changed radically since September, and we expect the recession will deepen," Ms. Fan said.

Hong Kong now joins the European Union, Germany, Singapore and New Zealand as an economy in recession. Japan is close to recession and will release its third-quarter GDP figures Monday.

Hong Kong's last recession came in 2003 when the SARS outbreak devastated the economy in the first and second quarters. While that was a sharp downturn, the recovery was quick as the disease was contained.

Core-Pacific Yamaichi economist Benny Lui said the situation now is worse than it was during the SARS outbreak.

Government economist Helen Chan said Hong Kong was in better shape now than it was during the 1997-98 financial crisis, though she acknowledged it wasn't clear if a turnaround can begin next year.

On a year-to-year basis, Hong Kong's economy grew 1.7% in the July-September quarter, slowing sharply from the second quarter's 4.2% year-to-year rise.

—Jeffrey Ng and Jackie Cheung contributed to this article.

Write to Chester Yung at chester.yung@dowjones.com

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Friday, November 14, 2008

Hong Kong Enters Recession

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