People are usually distressed by negative news of financial crisis. But there is always a bright side of everything. Looking back at the financial tsunami two years ago:
. Countries were more united than ever; working in collaboration in combating world-wide recessions.
. Most Governments gave out financial stimulus packages such as cash bonus, subsidies etc; you had extra cash to spend at your own will.
. Housing became much more affordable to the general public, for residence and for investment.
. Financial products (e.g. stock, commodity etc) were inexpensive everywhere; you could easily pick a few and make a fortune as time went along.
. International oil prices declined as economy weakened, but it was good for your pump as local fuel prices fell accordingly.
. Aussie $ fell to historical low; it provided a good opportunity for holidaying down under.
There are always bright spots among dark clouds. Given time, patience and prudence, you can always get through the gloomy storms. You can even be better off in a financial crisis, if you have the money (still)!
Monday, February 8, 2010
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