How To harness From a Poor and Unstable Economy
The economy is bad, it is in an uncertain condition and the world is watching but just as the world is watching, people are currently feeling the heat of this uncertainty. There have been numerous trade wars flying over our heads, a lot of paused and played tariffs and a lot of policies that citizens do not just know where to turn to. While we might see this as bad policies and you might want to say the government of the world do not understand governance or are just doing their things the way they feel it's right but in all, there are always people who just agree to everything.
Business men, biased media, and influencers for the government are always there to say yes to everything be it good or bad. They try to make senses out of things that you and many others do not see senses in. There are a lot of people who feed on bad things and use them for themselves and their good. A bad idea is bad to only those who are affected negatively. What you refer to as a bad idea is a good one to people who benefits from it.
Be fearful when others are greedy and greedy when others are fearful is one of Warren Buffet's saying. A lot of people have been talking about a possible recession and it look like the world's economy is going down but then a lot of people are happy about bad economies and recession. The GDP of a lot of country looks like it is going up in their local currency but when converted to the dollar, the GDP isn't growing and even the US is getting more money thanks to tariffs but then people aren't spending a lot of money as you think.
In a flourishing economy, it is the best time to prepare for a market or economy crash. Preparation is very important and it is at this point that you build up capital because if you are not building it now, you might regret it. It is this time that you should be ready to take the market by force. The best thing to do is not to be a part of a recession because in a recession, death, debts, and defaults are the three things that are very common during a recession.
In a society where money is what makes everything go round, the collapse of it can be very disastrous and people get hit in different ways. People lose their jobs during this time and those who keep their jobs have their salaries slashed because the company is also trying to keep its money. At this point, when people have racked up debts, it comes back to hunt them and they go into panic mode causing people to start selling everything from stocks, houses, and assets that they once saw growing in value.
Seeing the goldmine of opportunity that is available during this time is what makes you different from every other person and what you should do as a person is to invest back into the same collapsing economy and this is because the market is always going to bounce back.
Posted Using INLEO