Page 19 - The 40 Ch. Book by James Hong or 洪祥智

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

statements.

4.24
1. All majors (major) are the last samurai (movie)

All majors are the last samurai (movie).

4.25
Poverty causes suicide, and people kill themselves.