Optimism amid panic for opportunities

 

It always begins with the trivial, people get worried; then somehow the avalanche is triggered, the panic starts…

 

There’s every reason to be panic. The big names in Wall Street went down one by one. Within a few weeks, the top five investment banks were all gone, either by going burst, being taken over, or converting themselves to commercial banks. What makes things even worse is that the disaster starts to spread from Wall Street to Main Street, from the U.S. to Europe…

 

For the ones not in Wall Street, don’t laugh at other people’s mishap, Wall Street is the “if I’m going down, I’ll drag everybody down with me” type, literally. Especially for the ones in China, there’s really no reason to laugh when the country’s economic growth relies heavily on export, though not as heavily as people previously think. Just look at the bankrupt companies and suicide entrepreneurs in southern China…

 

But don’t get too panic. Such kind of things happens every ten years or so, though it is a really big one this time. Life’s going on. When everything is settled, the economy will surge. Pessimists see mishaps, optimists see opportunities. Congratulations to the ones who are currently in colleges or graduate schools, school is always a good haven to shield the economic crisis, as long as you can secure the funding for education.

 

Let’s finish with Nick Naylor’s words in Thank you for smoking, which was quoted in my October 2007 blog, "Almost all the troubles in the world are caused by mortgage, it would be a better world if everybody rents".