Tuesday, 22 January 2008

crash...


credit: the ny times.

not that i buy stocks or i have any money to buy stocks, but it came as a shock that it's been such a period before it finally collapses.

4 comments:

lu said...

it's worse (a lot worse) today

strange that it took so long for the mkt to digest...

CR said...

sometimes i got this evil thought, that one day, nz economy will collapse. and then, i have a perfect reason to leave for good forever. i'm waiting for the day to come.
fyi, interest rate (lending rate) is like 10% these days, and it's shocking how many ppl are still borrowing from the bank to buy houses. i don't think their are not airheads.

lu said...

anyway.. it opened up high again. so i guess the culprit is the great potato (aka gwb)

10% and ppl are still borrowing?! urgh... a bit worried about the banks... what if most of those turned in to bad debts >_<~

but then if you leave nz for good.. will you work for the hk gov? or you'll go somewhere else?

CR said...

i guess it's hard to get thru all the AO tests and stuff.

i'd go for private consulting firms probably? haven't really thought about it yet. :P