Dad, I ' d like to borrow some money.
Sure, Johnny, how much do you need? five bucks?
Come on, Dad, I need thirty thousand. I wanna get into the market. You know, I ' m tired of hearing all this news about the economic downturn, the inevitable recession, people stuffing their money in their mattresses. I look at this as an opportunity. This is a chance for me to get a jump start on building my nest egg.
I don ' t know about that.with all the uncertainty in the markets right now, it would be a very unwise decision to invest. I don ' t know if you ' re aware son, but there has been a lot of turmoil in the markets recently. There have already been half a million layoffs in the last few months, and we have no idea how the proposed stimulus package will impact the economy. There ' s just too much instability. I wouldn ' t feel comfortable investing in this climate.
But look at it this way, every challenge is an opportunity.And anyway, I ' m not talking about investing in the domestic market. There are emerging markets that promise great returns. Look at China, for example.they have 1.4 billion people, half a billion of whom have recently entered the middle class. Here alone, the aggregate demand for consumer goods represents an amazing wealth generating opportunity.
Come on, son, you ' re looking at this too naively, the Chinese market has exhibited a great deal of instability, and their currency has been devalued by almost a whole percentage point.