Had some chit chat with colleagues during lunch and we had some arguments on the economic crisis. I feel optimistic while the other feel very pessimistic. They argued that in china the real estate and stock market will crash while RMB value will be decreased. The best way for us to do is to keep US dollar. They claimed US will be the ultimate winner in this crisis while Europe and emerging markets will hurt badly. I joked about why not all of us immigrate to US and be part of its free lunch. They answered “why not? if you have the way”.
Is the economic crisis so serious? Greece of course is under big trouble while Europe certainly cann’t get rid of it. Besides, the highest unemployment rate in Spain and Portugal can be the last straw to crash Europe economic. Now the investors are very afraid of Euro and the cash return back to US for US public debt. Will the same happen to China? I’ve lost almost 20% of my investment in stock market and it seems the downturn cann’t be recovered recently. Shall i sell all of my rest to keep the cash for safety? Shall i start to exchange to US dollar now since i’m planning to have my MBA in NA next year. My finacial situtation will be deteriorated seriouly if above happen.
Here is related article to read. I admire the author very much for his accurate analysis(in chinese).