Tuesday, August 25, 2015

Chinese Stock Market Crash ?

No, I don't think it was a Chinese stock market crash, but yes, it was a big drop which did affect the economies of the whole world, especially those of the resources-based exporting countries like Australia and Canada.

China's economy is slowing down. It doesn't want to buy your coal and oil, so what you gonna do? Even with the slow down, China's economic growth is still 7% more or less, an envy of many countries.

How well has Canada been doing economically? Not very well, but not very bad either. Election is on, so if you ask the leaders running for the Prime Minister's office, you'll certainly get different political answers. Tom Mulcair of the New Democratic Party (NDP) and Justin Trudeau of the Liberal Party (LP) will tell you that Stephen Harper of the Conservative Party (CP) sucks, but of course Stephen Harper will tell you that he's been doing a great job and you should continue to let him be your prime minister. 

The world economy is a big monster. Nobody is able to manage it alone. We should rather focus on our own personal economy, our own finances, to maintain and improve our ' financial health '. 

No comments:

Post a Comment