Quote from: alastantiger on February 06, 2024, 04:33:47 PM

Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?

Of course but you need to have cash around in order to take advantage of them, think of the real estate crisis that happened on the US during 2008, at the time those that got a mortgage had to pay a huge amount of money for a house that was going down in value, but those that were smart enough to stay out of it and saved their money could buy the same house for half the price, so if you had the money you could have taken the opportunity to buy the best real estate for a fraction of its actual cost, and opportunities like that abound when there is an economic crisis, but you need to prepare yourself beforehand in order to take advantage of those opportunities.