Actually, to evaluate whether the economic situation is stable or not, I think it depends on each person. In general, the general situation is that our world is increasingly unstable, not only geopolitical instability, but climate change instability and global warming are also directly affecting the economy, affecting our daily lives. And I believe that life will get more and more difficult instead of thinking that everything will soon return to normal as before.
For people with good jobs and high incomes, they will not feel insecure about today's economic situation even if commodity prices increase. But for people with low income or unemployment, they will clearly feel that the economy seems to be suffocating them, making it difficult to breathe.
Topic: Is the current economic situation really that bad? - page 3. (Read 1008 times)
It goes without saying that the economic stress that the entire world is going through at the present time is understandable when it comes to meeting the cost of living. If you go to the market today and pay the market price it is seen that you have to pay about 2/3 times the price of the previous price. However this inflation difference may be slightly higher depending on the country. But be that as it may the current economic situation is a worrying situation for all kind of people. So we have to be aware of our position.
Seems things have taken a turn for the worst following the figures released yesterday regarding unemployment. The figures suggest we are in or very soon will be, in a recession. Usually money printing will begin in this scenario to prop up the economy. Make sure you sell some stocks/crypto in the next year because things could get gery messy.
And the stock market crash of the past few days, tells us how bad the economy is right now. Can you imagine what will happen once central banks turn on the "money printer"? Inflation will rise to levels never seen before. Out of desperation to "boost the economy", central banks will further exacerbate the crisis.
I don't think we're heading towards a "soft landing". It's going to be all of the contrary. In the US, the FED will have its next meeting by September. Not sure whenever the central bank will decide to cut rates or raise them a little more to help keep inflation under control. The first option is most likely giving the recent turn of events. Prepare yourself for a bumpy ride. The question is: Are people accumulating enough BTC and Gold before this happens?
Seems things have taken a turn for the worst following the figures released yesterday regarding unemployment. The figures suggest we are in or very soon will be, in a recession. Usually money printing will begin in this scenario to prop up the economy. Make sure you sell some stocks/crypto in the next year because things could get gery messy.
People tend to convert their fiat and deflationary assets to crypto and other inflationary assets so that they can be saved from economic crises and problems caused by such things, so I don't think selling earlier will give them any benefit because the fiat they will get after selling at the moment will lose purchasing power later on if things take a turn.I would rather keep my funds in cryptocurrencies or gold or any other asset that I know wouldn't lose value if things go bad so that I can sell them later when there is high inflation so that I get more value for my assets and the purchasing power can be intact.
Selling early and regretting later is not a good choice, one needs to think twice or more before they make such decisions.
It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation.
This world now is facing a lot of financial problems and is not that there money in this world, but this inflation has make everything become so hard and the government is aware of all this but he over look I don’t know how he wants make people survive the cause of living wanted to kill the living. Mate this is not only your own personal observation this issues is for everybody so many of peoples are felling the pain.Moreover, and that’s why I didn’t blame those that are leading this protest, because if they didn’t do something like government will not take any action against us, so I also support the motions of this protest is good for us to fight for our own rights.
The current economy situation is extremely bad, due to the economy we are living in now, I don't think that they will be getting the actual inflation rate, because inflation has become a daily basis now in some country, especially Nigeria, since the COVID 19 pandemic things has been getting out of hand, and we have been thinking that maybe it was because of the situation we were back then, but even after the pandemic things was getting worse and till date is still worsened day by day, a lot of people are dieing due to hunger.
That is very sad when you say that there are many people dying of hunger at this time in Nigeria, because in some other countries after experiencing the impact of the COVID-19 pandemic they were still able to recover by improving their own economic sectors even though the changes themselves were not immediate and significant. But at least no one is dying of hunger due to worse conditions like what you said, especially for countries that are not experiencing war or anything like that at this time so that is really very sad.
Seems things have taken a turn for the worst following the figures released yesterday regarding unemployment. The figures suggest we are in or very soon will be, in a recession. Usually money printing will begin in this scenario to prop up the economy. Make sure you sell some stocks/crypto in the next year because things could get gery messy.
When you say some people are already dying of hunger, then what's the immediate action of the government? I know Nigeria is quite overpopulated and has the fastest growing population compared to other countries but I don't think that's a valid reason to see them starving to death. Most likely, the government is not well managed and they chose wrong persons to become their heads.
Corrupt government and bad political situation will make a country to be destroyed in the global economic condition like this. I am very sad and angry when there are people dying of hunger while the government officials can enjoy themselves with the luxurious facilities provided by the state. They use tax money for their personal and family interests. I strongly condemn what the Nigerian government did by letting its citizens die of hunger. My country is also in bad condition because of corruption but no one is dying of hunger.In our Country, as inflation is increasing day by day, the employment system of people is decreasing day by day. As a result, there is always scarcity among people, which has made people's lives miserable.
It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:
International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.
Global economic conditions have deteriorated significantly over the past few years and continue to do so. There are very few countries where this situation is stable. In some countries, the cost of living has increased significantly due to a significant increase in the natural inflation rate. And its effect is bringing destructive situation in public life. Inflation on the one hand and lack of employment on the other have reached intolerable levels in some countries. If the world leaders forget their differences and do not simultaneously play a role in controlling this situation, restless that has been created in the entire world will never stop. Pandemic and war is now a deadly threat to the whole world. International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.
Corrupt government and bad political situation will make a country to be destroyed in the global economic condition like this. I am very sad and angry when there are people dying of hunger while the government officials can enjoy themselves with the luxurious facilities provided by the state. They use tax money for their personal and family interests. I strongly condemn what the Nigerian government did by letting its citizens die of hunger. My country is also in bad condition because of corruption but no one is dying of hunger.
Citizens who died of starvation are indeed very unfortunate because their rights were not fulfilled by their own government, even though citizens are the main part that must be protected by every government so that there is no need for corruption in the country that can cause bad things to happen like that. And if you are an Indonesian citizen, of course I can understand what you are saying because we are in the same country with conditions that are not much different at this time, but the thing that I can still be grateful for at this time is that none of our citizens died of starvation unless they were already dead. 
When you say some people are already dying of hunger, then what's the immediate action of the government? I know Nigeria is quite overpopulated and has the fastest growing population compared to other countries but I don't think that's a valid reason to see them starving to death. Most likely, the government is not well managed and they chose wrong persons to become their heads.
Corrupt government and bad political situation will make a country to be destroyed in the global economic condition like this. I am very sad and angry when there are people dying of hunger while the government officials can enjoy themselves with the luxurious facilities provided by the state. They use tax money for their personal and family interests. I strongly condemn what the Nigerian government did by letting its citizens die of hunger. My country is also in bad condition because of corruption but no one is dying of hunger. The current economy situation is extremely bad, due to the economy we are living in now, I don't think that they will be getting the actual inflation rate, because inflation has become a daily basis now in some country, especially Nigeria, since the COVID 19 pandemic things has been getting out of hand, and we have been thinking that maybe it was because of the situation we were back then, but even after the pandemic things was getting worse and till date is still worsened day by day, a lot of people are dieing due to hunger.
That is very sad when you say that there are many people dying of hunger at this time in Nigeria, because in some other countries after experiencing the impact of the COVID-19 pandemic they were still able to recover by improving their own economic sectors even though the changes themselves were not immediate and significant. But at least no one is dying of hunger due to worse conditions like what you said, especially for countries that are not experiencing war or anything like that at this time so that is really very sad.
Actually I don't know where you are writing from, but before you decided to write this down it simply means the economy situation of your country is not working as expected. Yeah honestly right now the whole world are experiencing bear run in market in one area or the other no one can boldly come out to say that their country is 100% ok. What everyone should be thinking of right now is how to cope with whatever situation the economy would be.
Most people today find it very hard to cope with the economy situation because they are always believing that tomorrow will be better that today instead of making it yourself. So what if tomorrow get worse? That's the problem let everyone prepare for the next situation and not only focus on the present if not most people will be left behind.
Most people today find it very hard to cope with the economy situation because they are always believing that tomorrow will be better that today instead of making it yourself. So what if tomorrow get worse? That's the problem let everyone prepare for the next situation and not only focus on the present if not most people will be left behind.
It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:
International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.
All these problems have affected the whole world economically, especially Asian countries have been affected to a greater extent. If I talk about my country, it has suffered many times more than what my country suffered due to covid-19 and other problems due to last week's quota reform movement in government jobs. Many important public and private buildings of the country have been burnt and billions of dollars have been lost due to the complete disconnection of the internet for 1 week across the country which has affected the country's economy. International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.
It's really sad to see the economy of the world under going recession and as days goes by that's how the conditions of things are getting more worse and the government is not doing anything tangible to fight inflation which is so bad. The poor people in the society, get poorer and the rich people even though they have enough for themselves and their families but in one way or the other they are also feeling the impact of the inflation.
What I feel it's the major reason why the world is experiencing a tough economic situation is due to the impact of the COVID 19 pandemic, ever since then the world hasn't really recovered totally as they used to be as most countries are still struggling to recover from the shock. Conflicts between two or more countries also leads to unstable economic situation.
What I feel it's the major reason why the world is experiencing a tough economic situation is due to the impact of the COVID 19 pandemic, ever since then the world hasn't really recovered totally as they used to be as most countries are still struggling to recover from the shock. Conflicts between two or more countries also leads to unstable economic situation.
They're not doing anything because it's not in their best interests to do so. Higher prices = more taxes for the government. Central banks are just "playing games" with the general public. If they were serious about inflation, don't you think they would've adopted "extremely-hawkisk" measures by now? The first thing world governments need to do is cut spending. Especially on foreign wars. Rising national debt (like it's been happening in the US) will only make matters worse in the long run.
I think it's "game over" for all of us. The "Elites" (otherwise known as the rich) will live happily ever after, while the poor will live in despair. Will Bitcoin fix all of the world's problems? I'm yet to see if that will happen. Here's hoping for the best.
The current economy situation is extremely bad, due to the economy we are living in now, I don't think that they will be getting the actual inflation rate, because inflation has become a daily basis now in some country, especially Nigeria, since the COVID 19 pandemic things has been getting out of hand, and we have been thinking that maybe it was because of the situation we were back then, but even after the pandemic things was getting worse and till date is still worsened day by day, a lot of people are dieing due to hunger.
That is very sad when you say that there are many people dying of hunger at this time in Nigeria, because in some other countries after experiencing the impact of the COVID-19 pandemic they were still able to recover by improving their own economic sectors even though the changes themselves were not immediate and significant. But at least no one is dying of hunger due to worse conditions like what you said, especially for countries that are not experiencing war or anything like that at this time so that is really very sad. 
For anyone who sole depends on the current economy situation of his country, they may ended being disappointed because things might not just work out as expected, not because the government are not interested on seeing them work out, but because they lack the ability and capacity of making the right ones happened with the economy, if we look more better, we could discover that this also is a global challenge as many countries were found being under this same economic challenge and inflation is extremely dealing with every aspects.
Exactly. No one is excuse from this global challenge that we all are experiencing nowadays. It's just that while others have been affected too much, some are still managing their individual economy well because they have prepared before this inflation hits them and have been buying and hodling bitcoin ever since, and now they are already making positive profits from bitcoin while increasing their bitcoin investment. If people will stick only in fiat and won't start investing in crypto, they will never get out from poverty wherein inflation will certainly hit them hard.
For anyone who sole depends on the current economy situation of his country, they may ended being disappointed because things might not just work out as expected, not because the government are not interested on seeing them work out, but because they lack the ability and capacity of making the right ones happened with the economy, if we look more better, we could discover that this also is a global challenge as many countries were found being under this same economic challenge and inflation is extremely dealing with every aspects.
Exactly. No one is excuse from this global challenge that we all are experiencing nowadays. It's just that while others have been affected too much, some are still managing their individual economy well because they have prepared before this inflation hits them and have been buying and hodling bitcoin ever since, and now they are already making positive profits from bitcoin while increasing their bitcoin investment. If people will stick only in fiat and won't start investing in crypto, they will never get out from poverty wherein inflation will certainly hit them hard. 
Yeah, the global economic situation is bad, but it is worse in some countries than in others. For example the situation is dire in my country, we are scourged with huge foreign debts, inflation, corruption, high cost of governance, etc, so it is really that bad over here, compared to some parts of Europe and the United States.
Things are so bad in my country that huge protests rocked the nation today and is going to go on for the next one week and more, the people have risen to say "enough is enough" and demanding that the government work to make their situation better.
Things are so bad in my country that huge protests rocked the nation today and is going to go on for the next one week and more, the people have risen to say "enough is enough" and demanding that the government work to make their situation better.
The current economy situation is extremely bad, due to the economy we are living in now, I don't think that they will be getting the actual inflation rate, because inflation has become a daily basis now in some country, especially Nigeria, since the COVID 19 pandemic things has been getting out of hand, and we have been thinking that maybe it was because of the situation we were back then, but even after the pandemic things was getting worse and till date is still worsened day by day, a lot of people are dieing due to hunger.
But till now we still hope and pray that everything should come to pass one day, because the economy are now less productive.
Whether the inflation rate is based monthly or yearly, I guess that you're right that they won't be showing the actual percentage of how high the inflation comes. It's hard to deal with such situations when you're not prepared for it but we have to find ways in order for us to defeat it.But till now we still hope and pray that everything should come to pass one day, because the economy are now less productive.
Everyone has their own way of beating it but it's not going to happen for most and they'll be the one beaten by it. But even so, everyone is doing their best to cope up to their situation and trying all of the means of living just to survive. That's a terrible description when many folks are just living to survive not to live.
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