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In Hong Kong, Air is Replacing Wires

I have been experiencing the impact of communication technology at the cutting edge in Hong Kong. It seems that wires (optical or metallic) are becoming obsolete. I have used mobile phone for more than 13 years. In re…
Recession=Depression?

"I am weathering the present financial crisis. Despite the recession, I still find that now is the happiest moment of my life to date. That doesn't mean that I haven't been hit by the recession. Income has dropped a litt…
All We Ever Need Are Bubbles But...

There are many kinds of bubbles: property bubble, stock market bubble, and commodity bubble. If you own a house, then your wealth fluctuates with the property market. Most people also own some stocks directly o…
Why it Will be Impossible to Have a Recession as Severe as the Great Depression

(source) 1. The gold standard has been abandoned. In the past, a dollar was not just a piece of paper, it was also a piece of gold. You could convert it into gold at a fixed rate. Now a dollar is just a piece of…