Jump to content

Depression Looming


Recommended Posts

I cannot see that the global economy will have a fast recovery. I can only see a depression looming unless a vaccine is quickly developed. This is the first time in a long time that the US has been directly affected by a major negative event (9/11 was localised). With the US slowing down, there is no other economy that will be able to create the demand required to get us a fast recovery. China's domestic demand is not large enough and Chinese personal debt was going through the roof even before the virus pandemic.

How will the world and the global economy be once this pandemic subsides? I think a very changed society and traditional retail will be one the worst sufferers. Also with all this money printing, is there a risk of hyperinflation in the long term? Well, gonna buy a couple of KGs of gold just as insurance and not for investment per se. Also think property prices will come under the cosh so sitting on cash will enable you to buy distressed properties as getting loans will be hard for many. I am reevaluating my log term investment strategy to take into account the changing environment.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,098
    • Total Posts
      92,955
    • Total Members
      42,477
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    calwall77
    Joined 01/06/23 20:51
  • Posts

    • Look ahead to 2/6/23: US jobs; Baker Hughes rig count After the stronger than expected private payrolls number from ADP, risks would seem to be on the upside for the US non-farm jobs number on Friday. ¬†Jeremy Naylor¬†|¬†Analyst,¬†London¬†| Publication date:¬†Thursday 01 June 2023¬† IGTV‚Äôs Jeremy Naylor looks at USD/JPY as a potential trade. Outside of this watch Brent around the Baker Hughes rig count. ¬† ¬† ¬† ¬† ¬† ¬†
    • What's the next move following the bank run that led to a rally in US stocks? The markets have been giving us hints on its coming trend, which markets are they? Deploying market psychology not only helps us to connect the dots in today‚Äôs complexity, it also gives us the simplicity to chart into the future. In this session, we have invited market veteran, Wong Kon How, to help you improve your trading literacy and successfully navigate the financial markets. Kon How will demonstrate how he understands today‚Äôs market complexity and seizes the coming opportunity with behavioral science. ¬†
    • Charting the Markets: 1 June Dow and CAC40 stabilise while Nasdaq 100 edges down. EUR/USD, EUR/GBP and USD/CAD stabilise as US debt ceiling bill goes to Senate. And Brent, orange juice stabilise while copper advances as US debt ceiling bill gets signed. Shaun Murison¬†|¬†Senior Market Analyst,¬†Johannesburg¬†| Publication date:¬†Thursday 01 June 2023 ¬† ¬† ¬† ¬† ¬† ¬† ¬† This is here for you to¬†catch up¬†but if you have any ideas on markets or events you want us to relay to the TV¬†team we‚Äôre more than happy to.
×
×
  • Create New...