Post
Topic
Board Economics
Re: Financial Crisis Will Come
by
Febo
on 04/07/2020, 17:40:20 UTC
I think the financial crisis will come. This will happen due to a pandemic. This crisis will affect many countries. But this is just a crisis. It can be overcome after a while. Of course, bitcoins will always be expensive. I think this is a great investment. Perhaps bitcoins are more reliable than gold.

I have started to feel the financial crisis is already being in. There are quite a few shops which I know which were on rental have started to close it because they do not have money to pay those rentals now as there was no business from past 3 months. People have started to work from home and close their shops or to wind up their business as it is no more profitable or cannot pay the salary to their emphasis. this is all sign of the impact how economy may fall in coming months.

Officially for a recession you need two quarters of negative GDP. There is zero chances Q3 of this year will not be negative for most of world countries. China will do fine and maybe some other countries. The rest will suffer specially countries highly dependant on tourism.  Recession is sure thing just not officially here yet.