Go with the trend
Feb 22nd 2009 16:18
economy
thoughts
I’ve invested some money in the stock market, so I read economy news every day. Yesterday there is an unexpected report: the wholesale price index of U.S. rise 0.6% in January. Some experts said this is a sign of inflation. In the past 2008, there are two opposite predicts around global economists: the world will meet inflation or deflation?
If there will be deflation, we should save money and avoid debt. If not, we should invest more and borrow as much as we can. Now the inflation is taking over. Evidence is the gold price. It has risen from $800 per ounce to $1000 just in 30 days.
The reason for writing this is: I found out that the environment is more important than personal abilities. It is depressing but true. For example, if you bought a first-hand apartment in Shanghai before 2003, you have earned about $200,000 in average. It is 100 times than the average annual salary of Shanghai. This is the crazy power of the trend.
I’ve invested some money in the stock market, so I read economic news every day.
Yesterday there is was an unexpected report: the wholesale price index of the U.
rise rose 0.6% in January.
Some experts said say this is a sign of inflation.
In the past 2008, there are were two opposite predicts predictions around global economists: the world will meet inflation or deflation?
If there will be is deflation, we should save money and avoid debt.
Now the inflation is taking over.
The evidence is the gold price.
The reason for writing this is that I found out that the environment is more important than personal abilities.
For example, if you bought a first-hand apartment in Shanghai before 2003, you have earned about $200,000 in on average.
It is 100 times more than the average annual salary in Shanghai.