Dec 7 2014, 05:36 PM
QUOTE(supersound @ Dec 7 2014, 01:04 PM)
There's no such thing as crisis to begin with, more on price adjustments, don't abuse the term "crisis" without reasons.
To call a crisis to be a crisis when the following condition are met :
1. government declare bankruptcy
2. 95% of the blue chip companies price dropped below their IPO, like Maybank IPO was rm2, now still maintaining at rm9, so still far far way to go.
3. about 200 people sued bankruptcies every day.
4. Shopping malls have nobody walking even on public holidays.
5. property price dropped 50% from its original selling price.
which standard is that?To call a crisis to be a crisis when the following condition are met :
1. government declare bankruptcy
2. 95% of the blue chip companies price dropped below their IPO, like Maybank IPO was rm2, now still maintaining at rm9, so still far far way to go.
3. about 200 people sued bankruptcies every day.
4. Shopping malls have nobody walking even on public holidays.
5. property price dropped 50% from its original selling price.
by that definition, 97 was not a crisis, sub-prime was not a crisis.
even world war 2 was also not a crisis...
only on point 1 alone there will NEVER be a crisis, as the government can print out unlimited money - the people will die, but federal government never will be bankrupt - see zimbabwe
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