World Collapse Explained in 3 Minutes!

June 17, 2010 · Filed Under Investment, Long term

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3 People Have Something To Say to “World Collapse Explained in 3 Minutes!”

empty-cup on June 20th, 2010 3:09 am

Well, that’s a very clear description about Europe and USA’s economy. How about Asia? Asia is better, right? Since we live in Asia, we’d better invest in Renminbi, the Asia’s strongest currency at this moment, I guess.

Now my question is, if China government do increase the value of Renminbi against USD and other currencies, what is the effect to China/HK stock markets? Usually when USD gets stronger, Dow gets weaker. If Renminbi gets stronger, will the China/HK stock markets get weaker? Dreampreneur, please share your opinion/answer.

Thank you.
dreampreneur on June 21st, 2010 5:26 am

Hi empty-cup,

Personally, I am positive about Renminbi and Asia stock markets, especially China, India, Indonesia, Vietnam…etc. over the long term. Economic power has shifted from the West to the East, which is very good news for us Asians. I do NOT think we have seen the end of the devaluation of US$, I expect to see it decline further down the road even though it may have rallied recently. We got to understnd that US$ rebounded recently because of the big drop in Euro, it is NOT because that the US$ is strong. Whoever say US$ is strong and it is a safe heaven simply does not understand the HUGE debt problems that U.S. has. So even though China/HK maybe going through some rough time now, I believe they will rebound later on and they are great markets to be in. Taiwan market will be able to benefit further from the ECFA as well

What I have written above is just my personal opinion, I have to admit that I am always wrong, so pls take it with a pinch of salt

Take care, empty-cup. Cheers

To your Dream,
Derick Tan
“Dreampreneur” – Engineer Your Dream. Be an Entrepreneur.
empty-cup on June 21st, 2010 8:43 pm

Thank you for replying.

You are very humble saying that you are always wrong. That’s not true at all because I strongly believe you are right much more often than wrong. But yeah, when it comes to future economy (be it near or far future), nobody can claim to be absolutely right. Even great guys with excellent economy knowledge like Alan Greenspan, Ben Bernanke, Larry Summers, Timothy Geithner made mistakes seeing the future last time. But anyway, your opinion makes sense, and I highly value it. Let’s see what will happen to world economy next.

I have been visiting your site for several months and enjoyed the topics you posted. Keep sharing, Derick. Two thumbs up to your topics picking. God bless you, and cheers!