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| Tuesday, September 30, 2008 |
| US market plunge hit record |
Down! Down! Down! Dowjones index record plunge yesterday because of the 700B bailout plan failed.
I can forseen the big big economy crisis is coming, it would affect us, in Asia market of course.
But as I told my friends, economy crisis will not affect much on us if we do not pump in too much $ into the equity market (of course also provided your job or career is not being affected).
Generally speaking, when economy crisis happen, Interest rate will increase......
if we follow the economics thoery, interest rate increase, human tends to save money?? and therefore, hopefully, housing price will drop as demand low. I really hope that.
Furthermore, as a SGD earner, I hope SGD to RM exchange rate will keep hitting high, like 10 years ago, hehehe...... well, then my purchasing power in malaysia will effectively higher.
:P |
posted by NOSNIM™ @ 7:36 AM  |
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