Topic: Is it just me or people are out of liquidity ( money ) ? - page 2. (Read 431 times)

The current economic status of a particular country cannot be use to judge on the world economy system, some countries are to be blamed, what strategic and appropriate plan does the leaders have for the citizens, how effective were they able to manage the embedded resources, how is corruption and theft been handled by the government. The fact remains that individuals or government will bear the consequence for their negligence toward national building. And as regards your country economy system, don't rely on it and start working on alternative to survival even in harsh economic situations as you will be responsible for your failure in live and not your country, you're not progressing in life doesn't mean other aren't too.

People lacked liquidity for decades now, if you haven't realized it then you haven't realized it. Cash is not the only form of liquidity, the cash balance in your bank account is still considered liquidity as well. Most people in the world can't make savings each month, either they end up with a good amount of money by doing something risky and get it right, or they just earn salary and barely can survive and can't save some aside each month.

So, people have been in trouble for a long time, if you average the number of people who make more than 10k+ dollars a year, that is close to zero, I am serious, the number of people who make over 10k and under 10k per year is insane when compared.

This used to be the case when remote jobs where hidden from the masses but after the outbreak of the pandemic many switched to working online either in the cloud or somehow over the internet of connected network and I will say malls are still crowded and it's mostly this remote workers who flood there because their salary still fits into the inflation

It's right. This pandemic makes people wiser in managing their money because they must keep alive and survive until the pandemic is over. Perhaps, they are not run out of money if they work and get paid from their office before. Those who do not have a monthly fixed income suffer and need to do many things to make money. But no matter what our conditions are, we need to keep trying to make money.

Each country differs in economic situation. I think your country isn't in good shape this time because, in our country, even small businesses are now existing and people could also sustain not just their necessities but also their wants. I guess one factor that affects your country's economy is the pandemic situation that we have right now.

I think, it's because of the economic situation. Many people lost their job because of pandemic and if they gain from other extra income they should keep it and just buy the primary needs especially now that goods in the market keep on increasing the price. Because of difficulties, people now become wiser/smarter and spend only on important things.

I notice the same thing in my country but I think it's mainly in our lower-income area. Prices have been climbing so people don't have as much disposable income as before. Add to that the effect of the pandemic with companies cutting hours (even days) and people got even less to spend.

Try to talk to real people next, you would think otherwise. Also, people didn't lack liquidity, there's just more people that prefer digital payment rather than straight up cold hard cash so there's the illusion that makes you think that people are out of liquid money. They're not out of it, it's just digitized and electronic and it's a disaster for a country if that were to ever happen.

Again another topic on "people out of money". The large movements in the markets are clearly marking a stop (maybe even a end) to decades of cheap a free money for all. This clearly means that anything priced in fiat will fall as there is simply less fiat. Not as much "people" being out of money, but rather a whole system that is actually pulling back from an stimulus overdose.

I think it depends on which country you currently belong. Do you live in well-developed, developing, or third world country? Because right now, businesses here in our country seems to bounce back already and the operations are slowly becoming closely similar to that rate prior the pandemic. But disregarding the economic status, one major factor that plays a role in this would be the social status of a person residing in that specific country. Since not everyone is well-off and privileged, some people can only buy what they need or what their money can buy to sustain their necessities in that moment.

If a person is living paycheck to paycheck and is struggling to even put food on their table, they would probably just pick and buy those things that they just need. They won't bother to spend a dime to luxurious things to only suffer and struggle more later on. But to those privileged ones, they could still manage to buy both the things they need and want because they have a spare. It would just up to them if they would indulge in buying unnecessary stuff with their money. Some still do that, while some opt not to and just prioritize their list of goals. So, perspective and goals are also one of those factors that dictate them to either go for it or hold back.

This is something that everyone has been waiting for for sure because from an economic point of view at the time of the initial pandemic it looked bad and many lost their jobs too,
little by little the condition is starting to recover and with the return to normal our malls and markets also continue to comply with the health protocols implemented by the government

It has left us a negative impact and the majority of us have been affected badly by the pandemic. Through our jobs, businesses and other activities that used to be helping us in our day to day living have been stopped for a while.

But right now, it seems that the economies for most countries have started to recover for a while now. And when economies are recovering, this means that money is flowing again and everyone is starting to get their pockets filled again with their labor and businesses.

my country has started to rise from adversity due to the pandemic, many jobs have re-emerged. The economy and people's purchasing power have started to improve, even malls and markets look crowded

the good thing that happened in 2022 is that in my country news about covid is no longer of interest and there are few news sites that report it and that makes people believe this pandemic is over

Nope, money is flowing just fine at least here.
Restaurants have people in them.
Stores are filled with shoppers.
Airports have people in them.
As stated above, online retailers are having great sales too.
Since I-Bonds are now @ ~ 7% we are actually seeing people save / invest some money too.
Housing market is still hot.
And so on.

-Dave

I don't know what is going on Romania. But if I talk about middle-income countries like Vietnam, India, I've visited there....

They are suffering from a very serious problem due to the pandemic situation. A large part of people have lost their jobs. The price of the commodity is so high that all but a few rich people are able to afford them end the rest are struggling to make ends meet. No one has money. Another problem is that producers are failing to get the right price for their products because the brokerage class is taking advantage of their ignorance.

The job has become a golden deer. Even after getting adequate education, the youth are not getting jobs. The frustration of unemployment surrounds them.

Rich people are getting richer day by day and poor marginalized people are getting poorer day by day.

The same thing in my country, there is a great economic recession, high prices and poor financial liquidity for most people, because of the epidemic, many economic problems have appeared in many countries that have led to high prices, poor liquidity and faltering of the business sector. Governments have failed to find good solutions to this crisis and a mistake The economic policies of most countries lead to more economic stagnation and deterioration. I don't know how long this bad situation can continue, but it is really annoying.

I guess the pandemic affected everyone all over the world, except for those people who are really rich. Most of us are struggling, so people will choose not to spend on things that are not necessary as we don't know how far this struggle of ours will last.

Agree on this, I was forced to use debit cards and credit to transact online for buying all my necessities. Physical right now in my country is still not fully open because of many restriction imposed by the government. People here like me just buy goods on online merchant website since most them are selling all the goods from food, clothes, gadgets and anything that we used in our daily lives so even if malls are now open, People still choose to shop online due to a threat of Covid-19 and also for convenience for not going outside and risk health of the family.

It is not that people are out of cash, but simply that people are paying with debt now. They opt to use Credit cards or Debit cards and most of them stopped using Cash. The whole Covid epidemic has changed people's perspective on handling something that was touched by many people before them, so cash is one of them. (Even the cards are being tapped now for small amounts.... to prevent physical contact with surfaces that were used by other people)

I also think a lot of people has lost their jobs as a result of all these lockdowns for Covid, so there are a lot less consumers spending money now. 

The economic activities in a country don’t just drop like that, and there must have been something that have triggered it to happen. Maybe there is something that the OP is not aware of or maybe he just didn’t mention it’ cause he thought that wouldn’t be the reason.

It’s quite possible that the economy can drop and the country’s currency can lose value due to inflation. But, that doesn’t mean that if you go to the marketplace that there wouldn’t be much people, and the product that people are buying would drop in quantity. There will still be people in the market, and there would be as much activities as it used to be. Unless it is a country that is all of a sudden filled with poverty.