I carefully read through the brochure of this program and found the dean and the head all value the cross-discipline research and this program is aimed at providing students with this kind of research, which I am really looking forward to studying. Through my working experience, I feel an excellent investor should master knowledge and thinking models of various disciplines such as economics, accounting, management and marketing. It is because that investors should research companies form different aspects. If I master knowledge and mind-sets of various disciplines, I could solve the problem with ease and quickness.
Apart from cross-discipline research, I also expect to study various subjects themselves in depth, to gain a solid foundation in finance. What I am pressed for is the appreciation of the financial market, the various financial instruments, and the appropriate investment strategy concluded advantageous to my practical assets allocation. These are all I expect to learn in this program.
Besides, I expect to do sufficient reading and learn case studies on up-to-date topics, so that after graduation, I will be prepared to apply cutting-edge theories in finance to my investment decision-making.
What do you think about the impact of the interest rate hike in the US in short run and in long run?
In short run, the US dollar would appreciate. The bulk commodity prices based on US dollar would decrease, a lot of money would immediately come back to US market, and the values of emerging market currencies tend to depreciate.
On the other hand, interest rate hike helps lower financial leverage because the hike will likely cause a ripple effect on the borrowing costs for consumers and businesses that want to access credit based on the U.S. dollar. The stock market and bond market would be affect by the money liquidity. The stock market faces pressure while the bond market is likely to receive a lot of money.
In the long run, investment would be constrained, and the employment rate is expected to slightly decrease. But because the interest hike occurs well before inflation rate goes up, the inflation rate would be confined to an acceptable range in the future. Meanwhile, the rate hike would change asset prices and deflate asset bubbles. Therefore, the economy will be stable and firm. Finally, the Fed would gain enough confidence to face next recession.