In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.
Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.
Those kind of weak measures used by the governments are bound to fail, as this is like giving a life jacket vest to someone that is drowning on a sea full of sharks, it could slightly help their situation but it does nothing about the hungry sharks, so small and big investors alike are on the fence about this and they are waiting for the economy to show signs of improvement, and if it does not then they will take the necessary measures to protect themselves and the wealth they have accumulated over the years.