Just 2 months ago many people were raving about the great Olympic opening ceremony in Beijing. How the economy was booming and what great times we were living in. Fast forward to today and people are worrying about their banks going bust, bringing with it their lifelong savings. How did everything ended up so bad?
I hear vulgarities aimed at bankers, obscenities aimed at the Americans, but who/what are the real culprits? I don't know enough to make a judgement but I'm sure there are many unhappy people out there pondering about those obsence money that bankers make from selling toilet papers to the masses.
HKD70,000 for housing allowances. HKD200,000 pay packages. Are they really worth that much or are they just another bubble? Surely a company can employ a platoon of capable staff with HKD270,000/month? I hope those bankers with no real abilities and waste every single cent of their paycheck every month, will lose their job tomorrow and find out that their bank account has less than 5 digits!
With the whole world is such shambles, I got to rethink my exit-from-HK strategy next year. Maybe there won't even be an exit strategy if the market keeps the downhill trend...