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29-10-2011, 02:46 AM
(This post was last modified: 29-10-2011, 02:48 AM by mrEngineer.)
After this entire ordeal is over, it is clear that both Europe and US plans to go for more moderate inflation so as to keep their exchange rates low to lower cost of imports and compete with China. Ultimately, this means the western world may be able to get their act right and result in a return of the capital back to buy the crazily devalued assets (for e.g. real estates in London) and cut down the snobbish compliance crap that has limited their growth.
This means a serious blow to Asia if we are not able to generate wealth fast enough to sustain our mouths or our lifestyles. Imagine real estate prices in Singapore crashing 20-30% because all the China and Indonesia people have to pull back funds to cover all margin losses or all forms of business financing related problems. Hopefully we can survive such an ordeal. The Asians are getting abit snobbish too. Look at how China is trying to spend its money away. The intention is good but execution is poor.
This means a serious blow to Asia if we are not able to generate wealth fast enough to sustain our mouths or our lifestyles. Imagine real estate prices in Singapore crashing 20-30% because all the China and Indonesia people have to pull back funds to cover all margin losses or all forms of business financing related problems. Hopefully we can survive such an ordeal. The Asians are getting abit snobbish too. Look at how China is trying to spend its money away. The intention is good but execution is poor.