As we enter the Year of the Pig, we pick the brain of our feng shui master to find out what’s in store for the Hong Kong economy, and for all of us, as 2019 gets underway.
As promised, the Year of the Dog delivered considerable volatility last year that saw unpredictable stock markets and growing concern about the possibility of an economic downturn. Will the departure of the dog and the entrance of the pig bring more stability?
Not just yet. We are entering three years of water dominance, but our expert tells us that fire energy will continue to linger – and fire and water together creates conflict. To add to the volatility, there will also be conflict between metal and wood in the first part of the year. This means that the economic uncertainty that we have been experiencing recently is likely to continue for at least the first half of this year. Investors are advised to tread carefully.
According to the Five Elements of Chinese thought, Fire is expected to be strong this year. When it comes to industries, this could mean that sectors such as electronics, IT and energy perform well. On the downside, Metal is the weakest element for 2019, so investors should be wary of precious metals, as well as sectors such as mining or manufacturing involving metals.
The other three elements – Earth, Wood and Water – are expected to have a moderate year. These elements cover sectors including construction, textiles and finance. Investors therefore should not expect to make a fortune in these industries in the Year of the Pig, but do not need to fret too much about losing their shirt either. But the general environment of volatility means that astronomers advise against taking any major gambles this year.
Uncertainty in stock markets also applies to other areas. The Year of the Pig is not likely to be a time where big fortunes are to be made from speculating in real estate. Buying a home for the long term is one thing, but don’t expect to be able to buy and sell to make a quick profit this year. Wherever you plan to put your money, it will pay to be cautious during the Year of the Pig.
Chinese astronomers also suggest that a major unforeseen event could pop up this year. If we look at past Pig years for some guidance, it was 2007 that saw the beginning of the Global Financial Crisis with the bursting of the housing bubble in the United States. In Hong Kong, 1983 also saw the Black Saturday currency crisis, which led to the establishment of the link between the Hong Kong dollar and U.S. dollar.
Both 1971 and 1983 saw major typhoons – named Rose and Ellen, respectively – hit the city, both causing loss of life and considerable destruction.
So another significant occurrence – whether triggered by local or global events – will not be entirely unexpected by astronomers this year.
Past Pig years have also seen technology developments that have helped to shape the way we live today. 2007 saw the release of the iPhone, a significant event that foreshadowed the current mobile-driven society. It was in 1995 that Windows 95 was introduced, and 1983 that GPS was made available for civilian use. Back in 1971, the first commercial microprocessor was released by Intel.
1971 also saw Mainland China join the United Nations and take its seat on the Security Council, and this was also the year that the U.S. table-tennis team visited the country, which came to be known as “Ping-pong Diplomacy.”
In personal terms, those born in the Year of the Tiger should have a good year, as they are in union with the presiding god which will help to protect them from any external turmoil. But people born in a Pig year are offending the presiding god, so they need to be careful about how they treat their family, friends and colleagues if they don’t want to encourage the likelihood of bad luck.