Post
Topic
Board Economics
Re: Do you believe history repeat itself? Economic wise.
by
perfect999
on 02/06/2021, 13:55:40 UTC
High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
What I am afraid that people get stuck is that "history WILL repeat itself" is something people think about and that is scary. There is of course a "chance" that history can repeat itself but just because it "may" doesn't mean that it will.

This is why I feel like people should be more careful about what is going to happen. If you think that for example 2017 was high and 2018 was low, so by that logic we had 2020 high and most of 2021 high as well, if it stay low like this will we call 2021 low? I mean for 5 months it was high. So it is not always the same, but obviously what goes up eventually goes down and what goes down eventually goes up, that is not going to change because it is literally the only directions left. So long story short do not consider past as a path, but consider it as a lesson and learn what could happen and not what will happen.