So... I spent the entirety of my day at work hearing gossip about stock markets crashing after hearing the morning news about China's economic slowdown. Also
TSX and Dow Jones dropped about 600 points
My thoughts:
Though China has a very influential economy, why the fuck did investors base their investments on China's economic growth?
There are other growing economies out there. They really could've considered stability in the long run by spreading investments into multiple countries, not to mention India is just as lucrative from a Westerner's POV.
Lastly, an economy can only consume so much products. It probably makes more sense to invest in a country where people are hungry.
The China bandwagon is finally slowing down. Too bad the people on it are in positions of power; and when they panic, shit gets real here in the developed world.
TSX and Dow Jones dropped about 600 points
My thoughts:
Though China has a very influential economy, why the fuck did investors base their investments on China's economic growth?
There are other growing economies out there. They really could've considered stability in the long run by spreading investments into multiple countries, not to mention India is just as lucrative from a Westerner's POV.
Lastly, an economy can only consume so much products. It probably makes more sense to invest in a country where people are hungry.
The China bandwagon is finally slowing down. Too bad the people on it are in positions of power; and when they panic, shit gets real here in the developed world.