Wars, inflation, and pandemics are heavy stuff. But are we actually sinking, or is the media maximizing this doom and gloom narrative? Fear sells but keeps you in crisis.
In every chaotic situation, there are winners. They're lucky and crisis-savvy. They know logic and fear can coexist. They reject the hype. Too busy examining patterns, they find possibilities where others perceive terror. It's like a damn video game: those who can anticipate several steps ahead and sift the wheat from the chaff of information overload level up their financial game while everyone else is in the tutorial.
Stop passively reading fear-mongering headlines. Start doubting the story. See past the mess. The economy is a psychological battleground, not just a numbers game. The motherfuckers who master their emotions and use absurdism to find logic in the crazy will survive and prosper in this crisis.
Topic: Is the current economic situation really that bad? - page 7. (Read 1008 times)
We don't run out of ways to explain why life is hard. That's what I realized. Before the pandemic, before Russia invaded Ukraine, before interest rates were raised several times in a row, life is already hard. There's always something that makes making ends meet tough. That's what it is today; that's what it was during my parents' time; that's what it was during my grandparents' time. Life gets easier on one end and harder on another.
Here in my country, for example, the price of fuel is always rising. One day, the reason is the strengthening dollar. When my local currency recovers and the price of fuel continues to rise, the reason was the conflict in Europe. When the conflict subsided and the price increases once again, it's because of Israel's decision to attack Gaza. Even when the price of oil fell to zero, local oil companies didn't make a rollback. The reason is that they bought their supply when the price was still high. Whether or not they took advantage when the price hit rock bottom doesn't matter because the price doesn't really go down in reality.
Sometimes, I think we're simply fooled.
Here in my country, for example, the price of fuel is always rising. One day, the reason is the strengthening dollar. When my local currency recovers and the price of fuel continues to rise, the reason was the conflict in Europe. When the conflict subsided and the price increases once again, it's because of Israel's decision to attack Gaza. Even when the price of oil fell to zero, local oil companies didn't make a rollback. The reason is that they bought their supply when the price was still high. Whether or not they took advantage when the price hit rock bottom doesn't matter because the price doesn't really go down in reality.
Sometimes, I think we're simply fooled.
Are we talking about macro or micro economics?
On a micro scale, the answer changes for every individual. A person that has $2 million in various financial assets can produce $8k monthly passive income which is great in almost everywhere in the world and there are many people like that.
A person that works for the minimum wage or have a job that pays a bit above that, these people probably curse their parents and wish they were never born to this world.
On a macro scale it is all fucked up. China is becoming a big problem. They want to be the only manufacturer and kill competition completely. That only means one thing: war
On a micro scale, the answer changes for every individual. A person that has $2 million in various financial assets can produce $8k monthly passive income which is great in almost everywhere in the world and there are many people like that.
A person that works for the minimum wage or have a job that pays a bit above that, these people probably curse their parents and wish they were never born to this world.
On a macro scale it is all fucked up. China is becoming a big problem. They want to be the only manufacturer and kill competition completely. That only means one thing: war
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.
All world financial parliaments have implemented several methods to implement world economic growth, but it has not had a good impact on society, thus making the overall economy worse, as I know the worsening economic activity is no longer associated with COVID-19.In fact, I think all of this is caused by conflict and inflation factors that are beyond the limits, the invasion of several developing countries that are experiencing conflict also triggers bad economic growth, plus bad inflation, which has occurred in the last few decades, such as high interest rates that do not match what companies and society expect, plus high costs of living that do not match income, with central bank pressure tending to take the world economy in a bad and negative direction, I'm sure it will take a very long time for the world economy to recover.
It's not easy not to pay attention to a bad and deteriorating economy, except you're among the elites and the very rich who are not affected by hardship. How can you describe a scenerio where the prices of goods keeps skyrocketing but your income is still static? How can you save for hard times when the money in your hand is loosing value everyday? Where your country's fiat is drastically devaluing everyday and you're seeing a lot of hungry and angry people on the streets, I seriously doubt that you will ignore the reality.
You don't need to watch the news to experience the effects of bad governance and global crisis, this is why people from developing countries are migrating in large numbers to developed countries in search of a better life. The youths in my country are planning for a nationwide protest because the hardship is too much, the few rich keeps getting richer while the majority poor keeps getting poorer.
It's been like this for as long as I can remember: price skyrocketing, unemployment, whatever... I don't think even the US is exempt from the economic cycle; at least you should have experienced the 2008 subprime mortgage crisis. And for people in the third world, economic instability is something fairly common.You don't need to watch the news to experience the effects of bad governance and global crisis, this is why people from developing countries are migrating in large numbers to developed countries in search of a better life. The youths in my country are planning for a nationwide protest because the hardship is too much, the few rich keeps getting richer while the majority poor keeps getting poorer.
Look, migration, protests, etc., are nothing new. I've even experienced a coup d'état, but I'd go crazy if I thought about it too much. Just keep life simple, man.
And the craziest thing in this shitshow, there are always people who succeed from literally nothing in the worst possible circumstances.
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.
The factors contributing to the serious economic situation are even more that what you have mentioned, in some countries, they have a good government that works to cushion the effect that external factors are having on their economy, But in some other countries like my own country our own government has contributed severely to our bad economic situation because they are not providing support in any way rather increasing the tax that citizens are having to pay. It is not helping issues and as a result of this we have witnessed an increase in crime rates. 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.
Just stop watching the news; it's always negative, as far as I remember. The economy always returns to the mean/order when there's volatility/chaos. It's like a cycle that is unimportant for working people to pay attention to on a macroscopic scale. Just work hard, save for bad times, and enjoy the good times. There's no need to pay attention to things outside your circle.
It's not easy not to pay attention to a bad and deteriorating economy, except you're among the elites and the very rich who are not affected by hardship. How can you describe a scenerio where the prices of goods keeps skyrocketing but your income is still static? How can you save for hard times when the money in your hand is loosing value everyday? Where your country's fiat is drastically devaluing everyday and you're seeing a lot of hungry and angry people on the streets, I seriously doubt that you will ignore the reality. You don't need to watch the news to experience the effects of bad governance and global crisis, this is why people from developing countries are migrating in large numbers to developed countries in search of a better life. The youths in my country are planning for a nationwide protest because the hardship is too much, the few rich keeps getting richer while the majority poor keeps getting poorer.
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.
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 depends on your perspective and earning power really. As is often the case, the people with the least have and are being squeezed the most, but this is true during good times or bad. Inflation really rocked and unsettled a lot of countries, it's only now being tamed but central banks are still keeping interest rates high. However employment levels in many developed countries has stayed high since the pandemic, it usually when you start to see unemployment rates ticking up across many countries that you know you're in the most choppy and turbulent times. I think we have it fairly good right now, above average even, but you never know what will be the next shock around the corner to cause devastation and it can all change rather quickly.
Just stop watching the news; it's always negative, as far as I remember. The economy always returns to the mean/order when there's volatility/chaos. It's like a cycle that is unimportant for working people to pay attention to on a macroscopic scale. Just work hard, save for bad times, and enjoy the good times. There's no need to pay attention to things outside your circle.
The current economic situation is not the best. Many countries have experienced a decline in GDP, increased unemployment rates & decreased consumer spending. The severity of the situation varies across regions & sectors. Governments & central banks have implemented measures to mitigate the impact. We must acknowledge the difficulties but also consider the potential for recovery & growth as economies adapt to the changing circumstances.
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.
I think ever since the covid-19 pandemic, the world economic strength have not really gained it's natural ground as it's supposed to. A lot of countries are complaining about hike in food prices due to inflation and weak purchasing powers. What the IMF and World Bank have been able to do in regards to this ugly situation most countries are facing is by giving them loans and financial support to help them build their financial muscle, but the impact of this bailbout founds is not felt enough on the citizens. For me it is bent on the leaders of various countries to come out with policies that will help them build a sustainable financial country, so it's time for leaders to come out and show leadership.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.
If you talk about the crisis in Ukraine and Russia, as one of the key factors affecting global financial market, I wouldn't disagree with you because I know that Ukraine is one of the highest suppliers of wheat on the internal market, and since this crisis started, their production has reduced drastically, and this is one of the multiplier effect that have caused the increase in the price of flour in the market.
I think abuses have always been committed, but now we are probably more aware of them due to social media and, what is worse, feel more helpless about them, so they are still being carried out with greater brazenness. We are be the first generation since recent memory who believes that subsequent generations will live worse than ours, which is something terrible in terms of hope and motivation to promote changes.
Voices are heard that promote the inclusion of the future of the next generations as a fundamental right. It could function as a limit to the abuses that are being carried out, but in the current geopolitical context I find it difficult to reach a consensus on this issue.
Voices are heard that promote the inclusion of the future of the next generations as a fundamental right. It could function as a limit to the abuses that are being carried out, but in the current geopolitical context I find it difficult to reach a consensus on this issue.
inflation has always been expected to rise but it continues to do so with the government helplessly watching it happen
i think that the economic instability is caused by many factors and each factor varies depending on country to country
education, jobs and housing are things that need to be looked at as i think these are the core of a good and stable economy
i think that the economic instability is caused by many factors and each factor varies depending on country to country
education, jobs and housing are things that need to be looked at as i think these are the core of a good and stable economy
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.
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.
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