Did I not say "Anything Could Happen" longtime ago?
Yesterday another Dramatic Day in Global share markets.
Britain had its Biggest One Day Fall since 87 Crash.
Russia had to suspend the market not once but three times in a day due to the great fall.
US dropped below 10,000 points in 4 years.
Germany, after Ireland and Greek, announced to guarantee all deposits at banks.
And today, Australia acted. Cutting interest rate by 1%, beating most prediction of a 0.5% cut.
The last time Australia had such a Dramatic Cut was back in 1992 - 16 years ago!
And the share market opened with a 3.3% drop but with the Dramatic rate cut, it finished with a 1.7% up! Miracle Days not restricted to HK or US, and now in Australia.
It is funny that China was the First to cut rate immediately after the Lehman's collapse.
And now Australia and even more Aggressive!
And Iceland, the small country offering the highest interest rate at 15% in the developed world, is now officially in trouble. Currency down by 31% within the last 30 days, as its government takes on too much bad debts from the troubled banks and has therefore been downgraded by the Credit Agencies. Its Prime Minister has warned the risk of Iceland declaring Bankruptcy has been significantly raised.
This means there are guaranteed more Dramatic Events to Occur.
E.g. imagine USA Government is downgraded by the Credit Agencies?
Remember how Fast and how Dramatic Lehman and AIA (as well as the two big US mortgage giants etc.) had fell after being downgraded?
With all these Dramatic Events happening, my consideration to relocate back to HK (Family Reason) seems to be Least Dramatic.
Cheers
Fate
Anything could happen Anytime from Now
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