Another overpriced P08

alvin · 04-18-2012, 04:02 PM

Back ten years ago, I saw some pretty jade pendants for sale on a flea market in Beijing. The seller asked ¥80 (roughly $10 at that time) for one pendant. My friend bargained for me,,,, after back and forth a few cycles, the seller agreed to sell at ¥50,,,,, for two pendants !! That's almost 70% off.

I was happy. But when I showed other friends my "trophy" that evening, a lady told me that she got three and paid only ¥30, from the same place.

====

Looks like economy won't improve any time soon, and deflation could come. Holding money is not a bad choice at this moment. C&R could be cheaper in future (speculation, if wrong, normal).

04-18-2012, 04:02 PM	#20
alvin User Join Date: Jul 2007 Location: US Posts: 3,843 Thanks: 132 Thanked 729 Times in 438 Posts	Back ten years ago, I saw some pretty jade pendants for sale on a flea market in Beijing. The seller asked ¥80 (roughly $10 at that time) for one pendant. My friend bargained for me,,,, after back and forth a few cycles, the seller agreed to sell at ¥50,,,,, for two pendants !! That's almost 70% off. I was happy. But when I showed other friends my "trophy" that evening, a lady told me that she got three and paid only ¥30, from the same place. ==== Looks like economy won't improve any time soon, and deflation could come. Holding money is not a bad choice at this moment. C&R could be cheaper in future (speculation, if wrong, normal). Last edited by alvin; 04-18-2012 at 06:08 PM.

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