ZAY Blog

I was really thrilled to hear that the senate has finally approved the package to save the financial world.

I am not sure how much the collapse of Washington Mutual would have made those senators feel that they finally need to do some work rather than arguing all over the place to maximize their political profit, but the fact that the agreement was reached on Saturday midnight is really an assuring fact to know.

However, what we have seen so far is a really disappointing picture in the Asian market, with the financial stocks continue to decline.

Why is that so?

Because people no longer have any confidence in the US economy.

Sadly speaking, the financial market in US would not stop to deteriorate just  because of the 700 billion. In fact, some analysts claimed that the market needs as much as 5 trillion dollars in order to go through the current mess without getting hurt too much. Unfortunately, the fact that the rest of the world is reluctant in joining the US in saving the financial market means that it is very unlikely the government will be able to raise the fund.

On the other hand, even within the US government, as election approaches, no one seems to have that much interest in asking each US citizen to pay more than 2000 dollars to save the mistakes made by the Wall Street traders. Instead, they have promised tax reduction, which would means that the government would not be able to provide too much to save Wall Street.

However, what should we expect when the market opens tomorrow morning?

First, I think Wachovia is saved for now, after being treated as the next victim after Washington Mutual, therefore, we should see some good news for WB to bring the highly undervalued stock back a little.

Second news should be from the currency market, where we should see some advance in the US dollars as people are now confident that the wound would not be as large. On the other hand, the LIBOR and treasury should be a little lower as the financial institutions (even those non-US companies with large business presence in US) find themselves a little easier to borrow money to solve their liquidity headaches.

Let’s hope that this 700 billion dollars would really be able to give the investors some confidence, because…well, hope is all we have.

这几天几乎天天晚上没有睡好觉，做了几件事情：

第一，把我的四个手机中的两个卖了（第三个没人买，型号太老了吧），因为最近真的是捉襟见肘。现在才知道自己很不会理财，有钱的时候就拼命花，现在就只好到处哭穷了。

这个学期其实应该出去工作的，毕竟现在加元比美元还要高。结果老爹就把我的budget砍了不少了（新币的汇率几乎是和美元走的）。唉，算了吧，课都上了两个礼拜了。。。

第二，就是改网站，改resume，申请coop工作。

昨天晚上为了给我的PDA升级（顺便说一下，我的IPAQ hx2495b现在已经是Windows Mobile6了），弄到4点钟才睡，早上十点老姐的电话就来了，说她看了200多个coop工作里面没有一个actuarial science的。

当时我就傻了，次贷危机再严重，加拿大的保险公司也不可能不招人了吧。特别是我们这些coop，又便宜又好用（廉价劳动力嘛），这些公司不可能不要我们吧。

结果吓得觉也不敢睡了，马上爬起来找。结果是老姐错了，我至少能够shortlist出来50份合适的工作。

上个work term在reinsurance里面干了一个学期，本来说这个学期应该focus在direct companies上，结果给一群人说的我又开始对finance 有点痒痒了。

可是只剩两个term了，我还要找full-time啊！

唉，要是我们有8个work term，六个study term该有多好啊。

LSE不就是6个study term嘛，最后不还是一样造就了一堆Nobel奖获得者和政客？

看了半天，发现里面竟然有一个Merrill Lynch的工作（就是美林啊，那个这次次贷危机中和Citi并列最惨的公司，当然，它的write-off比Citi要小很多）。天啊，它们竟然在招coop，超高兴的。

其实我也不知道为什么就喜欢上Merrill Lynch。不过最近它们在报纸上可是占尽风头。先是把它们的女CEO炒了（那个CEO好像去年是Forbes世界最有权力女人中的一个吧，和HP的那位齐名）， 后来又是次贷。Citi虽然也炒了Charles Prince，可是好像媒体就没有那么关注。

当然了，Merrill要不要我这种人还是一个问题。老天帮帮忙吧。。。。

第三，就是又报了SOA的考试了。对于我这个穷人来说，又是一次钱包出血的经历。还好上次MLC过了，MFE只要120美元，要不然的话我就真的要去借钱考试了。。。。。

希望这个term可以顺利过去，事情真的蛮多的。

给自己加油！