Page 20 - 10-21-2019 Final English Edition, the Book with Ch. 46 Added by James H Hong. (1)

4.19 Rich people:
The only person who has the ability to buy or consume is a

retire, because wealth is accumulated.
When young people are all bankrupt, humanity will face
extinction. (Because the elderly get the job first; the population
is reduced and fewer people are needed, so the young people are

unemployed.)

4.20 Inflation
Inflation is by printing money, but the fact is that inflation is
because everyone wants to make more money, so everyone has

raised the price. Inflation is not affected by currency printing
because, for example, if printing money is a secret, then prices
may remain the same.

4.21 Real estate bubble
Real estate bubbles may happen, so house prices may fall rather
than rise

Vacancy rate = number of empty houses / total quantity
Use electricity to calculate the vacancy rate.
Domestic or foreign population movement. Move out or move

in.
High vacancy rates or high vacancies can lead to a real estate
bubble. .
When the supply is much larger than the demand, there may be

a real estate bubble.
When people can't afford a house, there may be a real estate

bubble.
4.22 Unemployment rate formula blind spot
When people die or people leave the workforce, the
unemployment rate drops. For example, :: Ex. 80/100 = 80%

(80-20) / (100-20) = 60/80 = 75%

4.23 Financial Statements and Analysis
The company may lack or lack financial analysis and financial