I have heard this story about the bubble going to burst for at least 20 years now. The bubble had been resilient all this while. Whilst the bubble is threatening to break at all times, it still keeps on growing and growing till a time it reaches the point of no return. To identify that proverbial straw that breaks the camel is indeed the million dollar question.
Our purchasing power is limited, no doubt about that. A purchase of a decent TV would eat up a month's salary of an average new graduate, whilst in a developed country it would be a fraction (less than a quarter).
Social safety nets are limited, hence the drive to be self sufficient and build your stockpile for a rainy day is not a necessity but also a life saver.
Our purchasing power is limited, no doubt about that. A purchase of a decent TV would eat up a month's salary of an average new graduate, whilst in a developed country it would be a fraction (less than a quarter).
Social safety nets are limited, hence the drive to be self sufficient and build your stockpile for a rainy day is not a necessity but also a life saver.
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