Archive for economy

Which one is right?

A couple of weeks ago, we had as visiting speaker, one of the Noble prize winners in economy and he shared some lessons about the economical context. One of this was, that americans never listened and never saved for tomorrow. His prediction was that this moment will continue, not in a V shape, with some kind of low and horizontal shape.

Now we had our National Bank governor more optimistic( means that he speaks english!) who said that this crisis will be a V shape, which means that the recovery somehow is close.

Which one is right? Well, so far our governor kind of kept the things together, on the other hand we have an expert opinion which disagrees with his optimism.

If we read in the news, a major businessman recently said, that global inflation is the next thing coming, due to virtual money infusion and unreformed systems.

My question is, what about us the contributors who, no matter what, pay our taxes and watch this media show with the only thing we still have: hope to be better than now.

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Optimism versus pessimism

Just heard that GM goes bankrupt and some of the major brands are getting sold. First is Hummer, the potential buyer comes from China. Wow, some years ago this was quite impossible, but now, well seems to be true.

What is new? For starters, the economic power of China is becoming evident, they manage to be recognized for their technological power, not only for the ability to copy things.

In his book A whole new mind, Daniel Pink explained the wind called Asia, now we see that he was right.

An old joke say that the difference between an optimist and a pessimist is that the optimist learns English and the pessimist Chinese.

One of the major entry barrier for any business in China is language, I guess all the companies that made it there are full of sad guys!

Or maybe they left the corporate pride and relied on local expertise. Good or bad I remember that Romania was in very good relation with China, I wonder what is happening now?

Namaste!

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