The SS Journal

I was just checking this blog's traffic couple of days ago and discovered that certain traffic was referred by a specialized Twitter Account crawler site. When I visit the site (TwitterHolic.com) I realized that I was ranked the top 6 twitter users based in Hong Kong with the most followers. I have 6,524 followers as of now, 12:05am Sep 1, 2009 in Hong Kong local time. Click here to see the site. Before you read on, I like to say that I am NOT a Twitter Holic. You will know why in next paragraph! I don't remember exactly when but approximately couple of months ago I opened my twitter account using my real name http://twitter.com/stanleysuen/ . Before this account I have another one which focuses on investment http://twitter.com/chinainvest/, which has 3,449 followers. The investment account has been opened in around 10 months ago. I have only come to know Twitter only recently. I don't really follow twits as there are too many things to be done in my life. Following

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Hong Kong's latest unemployment rate announced in Jul 2009 was 5.4% (seasonally adjusted). Given the current global economic condition, this number is likely to go up further. We all recall that Hong Kong's unemployment rate was the worst during the SARS outbreak period in 2003. How high was it? What's the maximum number of people unemployed and when? The answer: Unemployment rate max'ed 8.5% in Jun 2003. 308,000 people were unemployed in Aug 2003. It seems 5.4% is still a way to go to reach 8.5%. However, given the global nature of current econmic situation, the unemployment rate (or the worst of it unfortunately) seems to be rather long terms. I was talking to couple of economists in major bank and regulator sector recently, both of them were not positive. We will see as time unfolds. The following chart was plotted using data downloaded from the Census and Statistics Department of the Government of Hong Kong SAR. Feel free to use it for your reference.