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.
To be honest no investment opportunity is good enough when you are in a global recession phase. We don't have history of Cryptos in this time so can't even comment on how will Cryptos perform in this scenario. It's better to be either in liquid cash in this time or go with Bullion and commodities at this time because these things tend to go up. But yes one will be lucky only if his steady source of income sustains, if one loses jobs then it's a very bad phase. But let's see how the economic turmoil unfolds