Have we Learnt anything from the Asian Financial Crisis of 1997?

Discussion in 'Markets & Economies' started by Cinvalo, Feb 23, 2017.

  1. Cinvalo

    Cinvalo Member

    Joined:
    Mar 19, 2010
    Messages:
    643
    Likes Received:
    18
    Trophy Points:
    18
    Location:
    NSW
    [​IMG]
    Source:http://www.corruptionofrealmoney.com/education.php


    [​IMG]

    READ MORE:http://www.corruptionofrealmoney.com/displayfullarticles.php?id=56#.WK5Gb1zScx8

    SUBSCRIBE: http://www.corruptionofrealmoney.com
     
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney
    What we have learned is, life goes on.

    People who bought before the bubble started - status quo, though life could be better.
    People who bought at the top - sux to be them
    People who bought at the bottom after the crash - life is ok.
     
  3. Cinvalo

    Cinvalo Member

    Joined:
    Mar 19, 2010
    Messages:
    643
    Likes Received:
    18
    Trophy Points:
    18
    Location:
    NSW
    Good mentality. You must be in your 30s i guess.
    I hope my Dad had that type of mentality when the Euro crisis happened a few years back then. ;)
     
  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney

    Nah I'm in my mid 40s....

    Graduated Uni in 94 in Sydney with high youth unemployment, got a job in US tech start up, saved a bit got paid 75% of my salary in stock options, survived the Dot Boom crash.

    Came back for a job in IT in Sydney...

    What I have learned about recessions is that it is an opportunity to double or triple your wealth.
     
  5. Cinvalo

    Cinvalo Member

    Joined:
    Mar 19, 2010
    Messages:
    643
    Likes Received:
    18
    Trophy Points:
    18
    Location:
    NSW
    Good. Good. By the way, how are the Koalas 2011 ;) Hope they are well ;):lol:
     

Share This Page