QUOTE(JC999 @ May 15 2014, 10:45 PM)
Well all these big economies have impact on us.. when they sneeze we get the flu.
US and EU downturn had such impact on the local economy, im sure to a certain extend china too
I used to think like you. But I was dead wrong
2007-08 USA Sub-prime crisis - the whole world were affected because the US not only sneezed, they got cancer !! Malaysia can't be spared surely. Bubble sure pop this time
2008 - Iceland financial crisis, the beginning of Euro crisis. Whole of Europe very much affected - Europe has sneezed, surely Malaysia will be catch flu. Bubble sure pop this time
2009-2012 Euro crisis. Now it is time Euro got cancer. With USA still in ICU, Malaysia sure die. True enough, Ireland, Greece, Italy, Portugal, Spain, one by one got cancer. And their economy collapsed some even considered bankrupt. They suffered until these days. How can malaysia escape ? Our economy sure kena kaw kaw. Bubble sure pop this time
2013 - Fed's talk about tapering. The whole world panic !! This time sure is "THIS IS IT !!". And SEE !! In October the first tapering started, many countries' currency affected. India, Indo, South Africa, Australia, Brazil, Russia, China and Malaysia. Come liao....finally come liao....Bubble sure pop this time
2014 - currencies stabilised. USA recovers. Euro recovers. Now its China's turn to have crisis. Bubble sure pop this time
In all of the world crisis malaysia experienced, we faced high winds and tidal waves. Every time new crisis hit the world, I was thinking "THIS IS IT !!" or "BEGINNING OF THE END", or "GROUND ZERO OF WORLD ECONOMIC COLLAPSE". But every time since 2007, nothing much happened to us. But every time, "bubble sure pop this time" will come to mind
When you are a doomsayer, you will always be a doomsayer. Whatever you see and hear, your thoughts will relate it to crisis. And every time these doomsayer misses the boat, yet again