SOS Boom and Bust

How do we identify the boom and bust of an economy?

One of the main indicator is the "Genuine Employment"

What is genuine employment:

• employment that involves in productive activities, produce goods or render services;


• proportion of employment with public sector and private sector can also be a consideration, some public sector may be overstaff (i.e. involve in non productive employment, just merely sit there and do nothing)


• not too much proportion involve in financial services such as real proporty agents, or too many middlemen business or ali baba type of contracts

Of course, it is not easy to get such information. Some of the way to look at it is from the influx of FDI and foreign expertise (not cheap labour like maids, waiters, construction workers, plantation workers, and etc.).