Australian black friday, not asian’s
The Australian sharemarket has had its second biggest one-day fall on record as fears of a global recession sparked drops in Asian markets and on Wall Street, where the S&P 500 stock index fell nearly 8 per cent overnight. - 10 October 2008 ABC News
I am not an economic person. not even maths or science or marketing. in precise, i am really bad in those. all i know is, Australia Dollar depreciated from 1AUD=7.8HKD into 1AUD=5.1HKD within two months time. that’s serious, hey.
My chinese friends in Sydney, they all spend a lot suddenly. “no worries, australia dollars is cheap now. and my mum do not have to pay a lot more, even i spent more than i use to.” my friend told me, when we were eating crab in ashfield. HA! obviously, parents of international students are glad to hear such economic depression (i think i am using the wrong word. see! i am bad at economics), especially when this is a time so close to the school payment day.
I am simple, i am dumb and uneducated (in the finance + economy + marketing field), i am glad to hear how the AUD goes down. i am so sorry, but i really am.
