Monday, February 22, 2016

Our view and judgement are important

Lately there have been too many negative news of the economy. Too many experts gave their views about the condition of the market.  In my views we can listen to what they said but it is very important we have to have our own views and judgement after hearing it. Don't accept completely whatever they have said but instead analyse the reason of their views and we make our own judgement.


Example this Swiss billionaire said "Massive banking crisis brewing in Singapore".  I am not sure how bad is the situation but I will just monitor the situation. At the end of the day, if he is wrong, there is no way we can question his judgememt.  So I will keep this article here and look back again many years later and see the judgement of these billionaire or experts. 
Just a few weeks back, Japan together with some European countries introduce negative interest rate. It means we have to pay bank to keep the money in the bank. After reading further, I realised this is another way to spur the people to spend more money. This will directly improve the economy. With all the money printing and slashing of oil price have not helped to stabilise the situation, in my view it is hard for this measure can help to improve current situation.

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