Whenever the Jakarta
Composite Index (JCI) dropped significantly to a panic level, I usually write a
‘counseling’ article to calm down the investors. However, starting from this
year I will probably let the panic happens, because based on experience, panic
is a normal part of the cycle that occurs in the stock market. I
mean, even if you are desperately trying to calm down the markets, the people
will still throw everthing out because once again, it is a normal part of a
stock market cycle.
New Drama: Yuan vs US Dollar
In the last two or
three days, I received several emails asking for my opinion related to the
rumors that the International Monetary Fund (IMF), in the next October, will
announce that the currency of China, Yuan or Renminbi (RMB), will be the ‘pair’
for US Dollar (USD) as the world reserve currency. And if the rumors were
right, the USD will no longer be dominant in its position as the world’s major
currency. There will be dramatic changes where institutions/individuals will
immediately convert their USD denominated assets into Yuan, and the value of
the USD would be dropped.
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| Yuan vs Dollar. Source: www.laowaiblog.com |
2015: The Year of 'Orientation'
Last Monday, July 27,
2015, is the first day for school students to return to their class after a
long Eid holiday. And for students who entering a higher level of education
(from primary school to the junior high school, from junior school to the high
school, and so on), they would experience the ‘orientation phase’ or, in
Indonesian term, ‘masa orientasi siswa’ or MOS. Although MOS, in some cases, is
more like an bullying activity where the new guy is bullied by senior students,
but based on my own experience back then when I was attending the school/college,
the tradition of MOS is helpful. Most noticeably is the togetherness among junior
students, where we quickly knowing each other because we once 'struggling
together' to work on various tasks. Before the MOS, we did not know each other
at all.
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