Looks like both the developed world and the developing world are feeling pain. As they say when america sneezes the rest of the world catches a flu. Does the following bode bad for the overall world economy which may have indirect ramifications on property prices in pakistan.
- american debt is at 16 trillion. 2.33 billion is being added a day
- china property slowdown
- sabre rattling between russia and the eu / america
- financial markets crashing
- metals slumping down
- argentina defaulted
- wars in the middle east
- a hindu fundamentalist in india
- nawaz sharif enjoying 36 dishes on his flight back from saudi
Is this indeed a time to hoard cash as they say in a downturn cash is king. Or should one invest in property in quality developments like dha 2 to avail some sort of protection against a hit that fiat currency (pak rs) might take. Comments or opinions welcome.
Khan sahab if things get that bad then the currency notes one keeps under the mattress are not valued more than old newspaper
Simple answer, the capitalism is bound to collapse one day and so will the world itself, unless some other fair economic system replaces capitalism!!
Down with usa…fall of paper currency $£ system enforced since world war II?