Year of Ox! Happy Chinese and Korean New Year!
For Chinese around the world, tomorrow is Chinese New Year eve; it is also the Korean (a Hybrid between Chinese and Japanese) New Year. Chinese New Year is the biggest and most important festival in the Chinese society; basically it is a reunion of all the extended family members. Read more about Chinese New Year in Wikipedia.
This coming Sunday marks the beginning of the OX year and the end of the Rat year. With no sight of an end to the current global recession, things will definitely take a turn for the worst after the Chinese New Year. Prior to the Chinese new year celebration, families and friends will shop for new cloth, furnish their new home with new furniture before moving in, shops will refurbish in time for the celebration, tons and tons of food and beers are purchased for the celebration and many more, and with one fifth (China, Taiwan, Hong Kong, Macau, Singapore, Malaysian Chinese, and other overseas Chinese) of the world’s population being Chinese, the beginning of Chinese new year will marks the end of shopping, the end of cash flow, the end of major economy activities.
The flow-on effects as China’s markets seize up, causing a sharp fall in Australian exports markets such as Iron Ore and Education. Its a chain event.
My crystal ball told me the global economy outlook will take a turn from bad to worst. Good riddance Mister and Misses Architects, soon we’ll be building sand castle in the air. My advice, save some cash and invest in the stock market when the time is right, after all, this is the OX year and the Bull is with use right? Hopefully by the end of 2009 it will be a ‘Bullish’ year and not ‘Bearish’.
Tags: Chinese Calligraphy, Chinese New Year, global recession, Korean New Year, Recession, Year of OXRelated Articles
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The Automobile Home of the Great Depression
They call it the car for everyman, Henry Ford himself calls it the car for the great multitude and it is functional and simple, like your sewing machine or your cast iron stove.
You can learn to drive it less than a day, and you can get any colour you want so long as it is black.
When ford first conceive the model T it took him 13 hours, within 5 years he is turning out vehicle every 90 minutes.
The real invention wasn’t the car but the assembly line.
Pretty soon other business has borrowed the same technique. It was a beginning and end of an imagination all at the same time.
The Model T was a great commercial success, and by the time Henry made his 10 millionth car, 9 out of 10 of all cars in the entire world were Fords. In fact, it was so successful that Ford did not purchase any advertising between 1917 and 1923; in total, more than 15 million Model Ts were manufactured, more than any other model of automobile for almost a century.
October 29, 1929, the stock market crashed. There were no suicide on Wall Street that day, it is a myth that will grow overtime, and the real effect of October 29 took a little longer to sink in.
By noon, all the games have been deliberated, by 10 pm 10 billion of market value was gone. Over two weeks the chaos continues, by not long, 25% of the workforce was unemployed.
A great national migration began. Displace American took to the highway with the last possession they had with them, their automobile.
All at once, million of Americans have a new definition for home.
Source of Images – Seabiscuit
Tags: American Home, american recession, Automobile, Car Revolution, Definition of Home, global recession, Henry Ford, making money in a recession, Model A, Model T, recession proof investments, recession proof stocks, stock market recession, The Great Depression
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