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Old 01-09-2011, 10:09 AM
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It's hard to compare with 1997. In 1997-8, we had the Asian Financial Crisis, China wasn't strong yet, and US and Europe were still booming. Now, it's the reverse - that's why some are arguing that Asia will boom while the west crashes.

Whatever you do, just be careful with what you do - prepare for the worst and hope for the best.
I totally DISAGREED with this statement that Asia will boom while the west crashes (not picking you, just like to state a fact). If you had been reading the news, you will know that the dependant factor is still there. China and the whole of Asia is still super dependant on US and Europe for growth. Clue: just look at the export numbers/PMI from China and the current US economic.

Needless to say, prior to the 2008 financial crisis, we got a whole bunch of analysts from IB(jokers) saying Oh China wont crash becoz they got a huge population to support their growth etc etc. Yeah right if thats the case then why is China launching their own 1 trillion yuan rescue package during the crisis?!!!

If China is still SO dependant on US and Europe, where does tiny Sinkie go? Of coz down the drain. Just like our old Lee says before dont listen to all those rubbish that we can support ourselves, with just slightly over 5m population, what support do u have? Each of us can own 2 ferraris to support the growth?

Word of advise. Hang on to your jobs and start asking your boss out for drinks to build relationship so that in times of recession you wont be the first to be out of the door. (speaking from an ordinary sinkie)

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