So having made 2 expensive computer hardware purchases and morning coffee has inflicted serious wallet damage this month and amount to 0 dollars saved and goin into red. Can't wait till payday lol Inflation hits hard aswell Sent from my iPhone using Tapatalk
got 2 GTX570 graphics card and an Onkyo SE300 sound card but yah i thought i didnt need to go into red until I forgot that payday was next week and not this and totally miscalculated how much it costs to travel n eat ITS OK NEXT WEEK!!!!
I'm broke before my next paycheck without buying anything! Rent + electric bill = only $19 to my name. I'm going through serious buy-new-detailing-supplies withdrawals... and buying stuff in general
I can't get a Hk creditcard yet cuz i haven't worked enough here lol But yeahhh at least I'm back at office next week Sent from my iPhone using Tapatalk
The inflation rate is at 3.6% for 2011 (which is like .2-.3% higher than it was during 2004-2005 and .5% lower than it was in 2007 for reference)...I can guarantee that a percentage like that isn't affecting your wallet to any perceptible extent. During a recession, government deficit spending is necessary to stimulate aggregate demand to get the economy moving again. The alternative is that they don't do this, and the recession hits harder (ie. higher unemployment rate) and lasts longer. Back on track, don't buy silly things you can do without. I know people that work full time and piss away all their money on stupid shit, after years of working they have a few hundred bucks in the bank and no major assets of any significant value. It's contemptible.
Wow, I didn't realize they had such loose monetary policy there (especially since they are still the world's "freest" economy).
It's actually mostly due to usd peg an devaluation then increase in yuan value Sent from my iPhone using Tapatalk