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As things will become cheaper also good to create business as everybody will do cheaper work.
Central banks will hike rates no question it will create huge demand for money so lets not waste our money and use it to buy cheaper things.

Global things what u buying and selling will be more expensive.
Local things cheap cheap houses cheap local food cheap workers.

Real estate will get biggest hit in the world as all real estate is 80% bubble so 80% correction is asap as we all know this.

You little contradictory here how do you explain estate to be bubble ? To my knowledge this is the most guarantee enterprise to invest in and in future to make gains except your real estate is engulfed in fire or other destruction but you can also do some insurance cover on it . It is highly regulated depending on the country,so what is your point here?

The fact is, things won't be cheap, the things would be more expensive due to : Inflation. At the same time the people would not be paid according to the crisis at well, there would be no jobs in the market.

Take an example of war. You think people in Ukraine are doing their regular jobs ? All of them ? NO! The food prices have soared up because of limited availability and at the same time they are not getting much funds down.

The cost of houses on the west is double every single week and which does mean that a crisis it not something that is good for anyone. It's an inevitable circumstance where people are being harmed one way or the other.

Real estate prices will rice undoubtedly and those are the only people that would be making some money. But then again, the prices would soar only if your house did evade the crisis, not got bombed and destroyed.

Don't think things will start being cheaper at anything. How you will know is things were easier to get done in the past but not now again. In the past food was plenty, jobs were available, cost of living too was better and living was peaceful but now you have too much inflation affecting and reducing value for money and live is difficult now Ukraine is being killed, war in different places.

I didn't get it why would central banks increase rates in case of a a economic crisis? Rather central bank would decrease rates in such situations to ensure there is easy availablity of money in hands of people and demand increases. Talking about real estate i don't think this 80% correction would happen in all the countries, a big factor that blossoms the real estate sector in developing countries is black economy, therefore if prices correct even by 30% people would buy real estate fanatically ending up in price stability.

Wow, what can I say... If economic crisis was any good, people would work so hard on preventing them or limiting them. An economic crisis leads to people not having the means to buy things, and the economy degrading. And if the interest rates rise, less people will be doing mortgage. Local things won't be cheap either because if global things are too expensive or out of reach, the demand for local things will rise and thus the prices for local things rise as well, while people can't afford to pay more. There's nothing good about the economic crisis. Some suffer less from it, some suffer more, but overall it has negative impact on the world.

Rising oil costs. Correlate with hikes in energy, shipping, transportation, food production costs. Everything becomes more expensive.

Basic living expenses are priced into the cost of work. Which will dramatically increase along with the value of oil and its derivatives.

Overprinting of fiat currency, if it continues, will also contribute towards price hikes across the board in all industries.

I hope there isn't anyone holding their breath expecting prices to decline. Unless they can hold their breath for a very long time.

There’s an on-going crisis and why the price will become cheaper? Here in my country almost everything there’s a price increase so I don’t really see why crisis can cost cheaper work. Well, this may be good for the investors but this is a big suffering for the ordinary and poor people. Crisis is very crucial, this can last longer especially if the government didn’t do anything about it, locals are the one who will suffer for this.

I really wish the real estate bubble would burst but it’s not that simple. People were saying real estate is in a bubble for the last decade pretty much and it’s still going up.

Real estate is different because they build houses slowly now and there is huge demand out there. The crash we got in 2008 would be great for home buyers however I don’t see it crashing that badly. Most likely we get some small 10-20% correction if anything.

I don't know about the "bubble" but real estate also took a big hit during the height of the pandemic. Will it be one of the industry that will suffer the most during an economic crisis? I believe so. It's not at the top of most people's priorities when resources are scarce.

The crisis is not yet over though. If it takes more than a decade, the middle class who owns real estate properties may dry up and will start selling thier properties. I think this crisis will actaully take a very long because of the conflict of big nations.  I will probably wait for a long time before things will cool off and start a new beginning. Maybe the price of a particular commercial lot will cost very low, enough for you to buy 2-3 lot with 1BTC you got.

It will only work on people who have enough funds, what about regular employees? They will suffer greatly because when the crisis is precisely the food will be very expensive and they will very likely lose their jobs because there will be many companies that have made efficiencies by reducing employees, even the prices cheaper many people don't have money to buy. So what you're saying doesn't make sense at all.

My goodness! You are the first person who puts forward the idea that an economic crisis is good. You will definitely be kicked out of your economics class the moment you speak of this. Whatever kind of economic crisis you may be speaking of, it is bad. Of course, there are always ways to take advantage of any crisis. Even in times of war and killings and destruction, there is always somebody who is taking advantage. But it never means that it is good.  

In general, an economic crisis would mean a severe decrease in economic activities, which means bankruptcy of businesses, which means higher unemployment, which further means loss of jobs, which therefore means losing income. The bottom line is that people will have a hard time meeting their basic needs. Nobody sane would think this is good.

I think you do not have complete understanding of economic criss. In a crisis, the rates of everything will be high as there will be inflation. The value of your currency will fall. No doubt the real estate rates may decline as people may not have the purchasing power. The people will face loss in their investments and business. Economic crisis is never considered as a good thing.

You do know it's a "crisis" for a reason right? At this point, you're calling it "good" for your individual purpose since you have the financial capability to take advantage of the said crisis to profit, though I don't think stuff being cheap would actually happen. Also wouldn't real estate actually rise in price rather than decrease? In the end, I still don't think it's a situation you can take advantage of, and even if you did, I highly doubt there wouldn't be repercussions for it. Never in a way is an increase in homeless workers and poverty something "good".

You are saying almost the opposite. First of all, economic crisis is never good. Who told you things are going to be cheap? Even if they are cheap, no one would be able to afford anything becase of high unemployment rate. There won't be any jobs for anyone. Those you have jobs, they won't be earning enough to save anything.
Everything will be cheap, but you will be paid even cheaper. You won't be able to afford it.
Where did you learn all these things from? Start learning again, but from a legit or valid source.

The crisis is more of a political tool rather than an economic tool how will you expect the price of things to be cheaper during a crisis it is not possible because demand for basic commodities will increase during the crisis and even money will lose its value.

The economic crisis is the highest form of crisis as it will reduce the purchasing power of the masses, the only way to escape inflation in the economy is by investing in anti-inflation commodities like cryptocurrency.

I completely agree with your opinion, the economic crisis can make people miserable, my country experienced a very severe economic crisis in 1995, all basic commodities are expensive, while the currency has no value at all, even the people are very difficult to get vacancies So if someone says the economic crisis is good, I don't believe it at all.

That is the case with so many countries that have witnessed economic crisis, the citizens become ad-lib and the purchasing power get weaken day by day.

Economy crisis is worst than any form of crisis because it has a lasting negative impact, check most countries that have gone into recession lately they have a track record of huge debt which makes the currency De valued and the entire business space collapsing that is why advance nation always try as much as their can to avoid economic crisis among another form of social crisis.

I was hoping for that day where all things are cheap, but sadly it is not. It is getting worst and the inflation is increasing. How come you enjoy being in an economic crisis. I think you are contradicting the problems it brings to poor people. Food will be scarce, let alone real estates. Lands will be more valuable as it is needed for farming. So how come would it be cheaper where there will be less available lands for cheaper price

Economic crises can be good if you have the appropriate tools to buy things when they become cheaper, but the majority of people will not have enough tools to achieve the greatest economic benefit from these crises.
Let's go back a little to two years ago, on March 11, 2020, when the World Health Organization announced the pandemic:

• Shares are down more than 50%.
• Bitcoin is down even more.
• In the coming months, oil fell to levels below zero for the first time in history.
• Lots of governments give away money for free.

However, people competed to buy toilet paper  ;D How the Coronavirus Created a Toilet Paper Shortage (https://cnr.ncsu.edu/news/2020/05/coronavirus-toilet-paper-shortage/)

Yes, economic crisis has reduced some countries resources into zero level. It will be difficult for things to be cheaper during the economic crisis because many companies used the opportunity to increase their products price for them not to experience losses from their business.  Many traders used pandemic crisis to increase food items in the country because of the lockdown the government announced to the citizens, that made all the sellers to increase their products price that is seriously affecting people negatively in different communities. People find it difficult to
Spend well in the market because of the high rate of inflation that occurred during the economy crisis in the country.

There are a few lessons that one could learn out of a market survey and some of that is the demand on a product and how much a consumer is willing to pay. Not so many retailers or producers even takes surveys seriously but you could be rest assured that, there have been an informal form of surveys going on and the result are been deduced on every inflation that goes around within a nation.

Does it ever border you how price of goods increase in an inflation and somehow never returns to normal when a deflation comes into play? It's just a sad reality and that's why I don't very much agree with OP. It doesn't really get cheap, just slightly. When these producers offers a product at a ridiculously high price and the demand on it continues as before, they tend to go with the trend and  make even more profits.

Economic crisis are never good, are there opportunities that you can exploit to multiply your capital many times what you could get during normal economic circumstances? That is correct, but on average people are doing way worse and that is never a good thing, during periods of economic growth not everyone is doing as well as the economy, but once again on average people are doing fine during those times, so while opportunities may arise that could allow us to exploit to our benefit the economic crisis we are going thorough I think you are pushing the envelope by saying that economic crises are good.

It has never been good.

Why do you think it has been that good? Just because of those reasons? You have to realize those concepts and factors that you're saying because nobody wants to see an economic crisis.

Many will be hit by it and the effect on the masses is going to be unfavorable to all. I don't see that someone can capitalize if it happens but how do you know that it's going to come? Because of war and covid?

I believe everyone is affected by the current economic crisis and that's not a good thing. Especially now that many people around the world are
finding it increasingly difficult to make money from the impact of the economic crisis. Because all over the world quite a lot of companies went
bankrupt, and it was very difficult to find work, then the number of unemployed was increasing. Even the rich don't like the economic crisis,
because it makes their income decline. Moreover, the poor are increasingly suffering with the economic crisis, they have difficulty making money,
because the current situation is very difficult to find a job. So I strongly oppose the opinion that the economic crisis is a good thing.

I do not agree with you that economic crisis is a good thing. In fact economic crisis doesn’t make things cheap as you have said. Let’s take it that you are holding Fiat currency, and there happens to be an economic crisis, are you aware that the Fiat you are holding is going to lose its value And the price for products you buy in the market would also increase? So, how exactly is that going to favor you?

You are holding a Fiat that has lost its value and you are buying products that are now expensive because of the economic crisis, it is not really a good thing at all. I don’t think it is something that we should all be wishing for. Although for someone who is an investor, it might kind of favor you for the fact that the value of the asset you are holding would be worth more than what it was before.

Economic crisis will not cheap out all the things, it will put burden on the daily needs. Because when such crisis is on the verge, government try to get most of the money from those things which are regularly used by common man thus getting faster recoveries of the taxes. Real estate, properties, cars etc may cost less, but you will have to balance out and priorities in between daily survival needs and doomsday preparation. What you gonna do about the land which you bought?

Obviously entire scenario changes if you are hella rich and you dont care if the prices are inflated for the daily needs. Thats what riches do, they can easily survive through such down time.

Economic crisis results in inflation as prices of commodities hikes and also show a strong weakening in the local currency of such country just the same way the Ruble keeps depreciating amidst the invasion causing the price of local commodities to inflate. Economic crisis might only have little effect on a self dependent nation. nations that has full production scale with more exportation and less importation

There are different types of economic crisis and not all of them are good. A natural boom and bust cycle will produce excess, which is then trimmed back as the cycle goes into bust - this is somewhat normal. You're missing a large chunk of information in your first statement - many people lose their jobs in such a crisis because the economy contracts, so businesses shrink and it can cause a downward spiral. The price of goods rarely moves downwards beyond a certain point, the only reason it might is through stagflation which is a bad economic situation to be in. It can also drag countries down if they are in crisis and the world is still doing well, because it makes it more expensive to buy things abroad in your local currency - aka imports get much harder to buy.

The price of things are increasing everyday and it is not coming down, that's how things have been going. But I think  as price of things are getting increasing everyday it will be nice to go into business for one to grow as inflation is going so high. For instance if you look at the price of gas from some years back, the price has not reduce but still keeps on going high.

As while many struggles to make a living.

There goes the inflation rate goes up and as well as the cost of goods and consumables and that's all due to the war that has happened. Everything that's needed to be transported, all goods are affected.

Because of the increase per barrel of oil in the world market, everything is going up and that's costly. There's a recent roll back but it's still far from the increase.

I don't see any points on how economic crisis is good though wherein ordinary people are likely will be the most affected on that situation especially to the third world countries. It's a contradictory things will be cheaper, in fact it will have big inflation effects in the world economy wherein prices of goods, foods, gas etc. prices will rise up. Just take example of the Russia and Ukraine conflict, it peaked all time high on oil prices in the world market.

No crisis is good or beneficial, economic crisis will push up material prices, currency depreciate and easily cause inflation. We are the ones who suffer. The war has disrupted oil supplies and prices have risen so much, it is affecting us directly. we are the ones who pay more for petrol and oil.

How can the OP think the oil and coal crisis is good?, It would be beneficial to have people hoarding oil and enriching the tycoons, and none other than governments. If we don't use the internet, it's like we're going back to prehistoric times.

Funny enough people back then complained that the economy was bad, but currently they are now agreeing that the past was far much better than the situation of the economy as of now.  Inflation is really bad and it ruins the economy. The country where I live in right now is in a serious mess and is all because of all this economic crisis.

So, I guess that the poster doesn’t really know what he’s talking about, because if he really knows, he would understand that economic crisis is very bad and doesn’t favor the majority. Although there are people who always plan themselves ahead of time to make sure that such a situation would favor them. It’s just all about planning and preparation.

Planning oneself again depends. If you talking about financial planning, you have to be employed before you start talking of savings and planning on it. If you are not employed that is where the problem is. Unemployment is a serious problem for the youths and with such, planning looks like a huge task, if you don't have money or finance your financial ability to plan won't mean anything because you can't showcase it. Poverty is in the society and it is really affecting the large majority and that is the youth.

from all your word, I slightly agree with this....in my country real estate sales have fallen drastically by 60% in the last few years (not showing any change even though the news about covid19 has no more impact), many properties are being sold cheaply but never sell, right now investing in property is really risky (in my country), only investing in bitcoin is more secure and already has a reputation of being immune to inflation.

Rate hikes never ever created "huge demand for money". When inflation is high rates only decrease spending a bit but you can take a look at the US the rates are growing by less then 0.5% each time they vote to raise them. It's not going to create a huge demand. After all fiat money is constantly losing value and if the inflation rate is 5% and they give you a 0.25% rate increase it's not going to change anything. Even if they were to increase rates by 1% which they aren't doing you're still in deep shit as a fiat holder.

I think that was inflation you're talking about where the value of money became cheaper but I think it's still part of the economic crisis. OP thinks crisis makes things cheaper. If he is building a business he thinks he can pay his worker lesser but actually he is going to pay more money because the value of the money got cheaper.

When there is a crisis, the unemployment rate will rise, that simply means more business are closing compare to the number of new opening business and not all people will work for a cheaper pay but they will choose to not to work at all than working in a company which pays less. He said that real estate is a bubble. I think that was wrong but real estates are known to gain more value overtime.

And that is the reason that if you have money to spare, you can invest in real-estate during this market condition.
Because it is true, real-estate is bound to increase thru time. Which is a very good investment if you can afford to.
The economic crisis is favorable to few, but many will suffer because they need to work hard more than ever to provide their basic needs.
Weigh your situation, and look for options how to take advantage of this opportunity. There's always positive side of things.

Did you see over time that the value of assets got decline? Because for what we experiencing now major things price got hike especially on real estates. If you plan to invest on this go with it since every year price appreciate and for sure you regret for not buying it last year or even more than before.

But take note on this I only base my opinion on my country only because that's what I see here.

I do not agree with you. When did things and products become cheaper during a crisis? Due to ongoing events, the crisis will not only affect Russia and Ukraine, but will visit every country in the whole world. Russia is part of the world economy, this will make itself felt. Many have already figured this out by fuel prices. Further there will be an increase in inflation and a rise in the price of all products, things and services.
It is strange to hear statements that the crisis is good. I have already felt on myself from these events, the pocket has become a little empty.

Well without a doubt during a period of economic turmoil there are always opportunities to multiply your money, however as you have pointed out the majority is not going to have access to those opportunities and only those that already have a lot of capital on the sidelines can take advantage of them, so this is nothing more but the richer getting richer and the poorer getting poorer, and unless you are one of the few that prepared themselves to try to take advantage of those opportunities then you will also suffer due to the economic crisis as everyone else.

Of course, a global correction is a paradise for big investors who buy up various assets for next to nothing and then make big profits through market recovery. But there are not many people like that in this world. For most people the financial crisis is more of a blow to their budget than a benefit. Many people lose their jobs and businesses, can't pay their loans, their standard of living gets worse, unemployment rises, and the number of poor people increases. So I don't see anything good in a financial crisis, speculators and big investors aside. Not everything should be evaluated through the prism of financial gain.

Well this is true, for example in European countries they have special concern for oil and gas, which RUSSIA was the one that provided them with both oil and gas, so one of the winners are those countries that can supply all the demand they have in USA and Europe.

I know that in some parts of Europe things have gotten harder, for example in Spain, in Madrid it is expected that gasoline will rise in price enormously and thus everything will be difficult, both for the people who work and for food and other things , since trodo goes up, and if all this is not resolved quickly, Europe could fall into a possible crisis.

it will reverse like you said. The economic crisis makes goods more expensive and life will be very miserable. When inflation occurs, all goods will soar, and that's where chaos occurs. There is nothing good about the economic crisis, because various crimes will also arise because the needs can no longer be met.

and when it all happened it was good? Are you sure? economic crisis its good? I'm a newbie about the economy,  but i worried if a crisis occurs. I, who didn't really understand, thought that everything that happened would make it difficult for me. nothing good when it happened. and you want to start a business when it's like that? you really are a brave person.

“Never let a good crisis go to waste.” Churchill said...

OP has a point. If you can manage to play your cards right, crises provide very good opportunities. While some of those incredibly rich people go dirt poor, some of the dirt poor people become filthy rich. You just need to observe what's going on carefully and act accordingly. It often works...

Honestly, real estate is always the safest and best investment channel. Over time, real estate will always increase in value as the world's population is increasing and the demand for housing is increasing, not decreasing. But real estate is not for everyone to invest, it is only for those who have a lot of money and a well-off life. It is difficult for salaried people to own real estate.

In my country, which is experiencing an economic crisis, the reality is not what you say.

when work is hard to get and income to meet the burdens of life is hard to come by.

in fact the price of vehicle fuel is increasing, even COOKING OIL is expensive in my country.

fertilizer for farming becomes expensive. and keep going up. Even though there are subsidies from the government, there are parties who are playing with prices.

more sorry for the livestock business. because of higher feed prices. then the meat would not want to be expensive. However, the purchasing power of the people has decreased. because all of them are currently in an economic crisis due to the corona virus.

maybe every country is different. but that's the reality in my country.

maybe because our country imports too many food ingredients and other things that are actually not needed because the food ingredients in the country itself are more than sufficient.

but I'm not an economist so maybe the government knows better which steps to take.

What you say is true, because the demand for housing continues to rise and property prices also continue to rise every year. Making real estate
a safe and profitable investment, but unfortunately only people with a lot of money can investment in real estate. Due to my insufficient income,
of course I have to look for other more affordable assets for investment. For now I focus on investing in crypto, although the risk is very high,
the profit generated is very promising. Even if we are lucky to invest in a new project, only with a small capital the profit generated can reach 100x.
Moreover, investment in real estate is currently very difficult to sell, due to the global economic crisis, the purchasing power of the people
has decreased considerably. So in my opinion right now it's not effective investing in real-estate, now the modern era where technology is
the most important, so investing in crypto that is related to technology is much more profitable and also more affordable for everyone.

In normal conditions, real estate is indeed the best investment object in my opinion, apart from low risk, along with the development of the surrounding environment, the price will increase according to market value. but this is also not the case under all circumstances, such as during war, where property is no longer the best option. Instead, cryptocurrencies are considered to be a new investment option, which is the same as gold. especially at this time the price tends to be cheap so we can buy at a good price

The current condition is that other countries are in an economic crisis, plus the prices of basic commodities and others have increased drastically, and usually people who can't afford it or even those who can afford it are used to rising prices. But now the increase is very high compared to previous years. Because usually the price of basic goods that there is an increase or decrease. People are currently experiencing anxiety with this kind of situation, then the poverty rate is increasing and people have no income. The government has even made every effort as much as possible in stages so that economic conditions and prices of basic commodities are stable.

Indeed. If there's an economic crisis almost everything is turning up and the sad part of this is, the salary of the workers are still the same, no increase. People are the most affected in this situation especially the less fortunate. Well, there's a way to take advantage it if you will look on the good side. Just like in crypto world, if everything falls then its time to fill our bags and be wise where to put your money.

Probably if the people weren't stupid and were smart about who they're voting for the office and they always keep companies in check, then we wouldn't be suffering from this looming economic crisis because that's the only result when the population is stupid and they continuously vote for corrupt and incompetent politician. Don't say to me that politics doesn't have any connection to economics because you're going to look stupid and given how government is the one that keeps the economy in check, no single individual can keep the economy alone.

Crypto investment is really suitable for almost everyone because it does not require us to have a lot of money to participate. Compared to the current investment channels, crypto are considered the most profitable. To get into crypto, we need to be a bit tech-savvy so it's not yet accessible to many people. This is the weakness that crypto are experiencing.

I have to agree that crypto is an investment channel that can give the poor a chance to change their lives, but they need knowledge, patience and effort to seize this golden opportunity.

Buy cheap things? What are those? Junks?
Inflation means everything will rise. Cheap workers? No, you need to accommodate their needs or else they will leave you.
If food price is high then you pay them less then what are they working for? Survival? Everything will move although it may be slow for workers to get a wage hike.
Your type of perspective seems a bit off to understand how a cycle happens.

No matter how good crypto is, it still has its drawbacks. As you said though crypto investing is very affordable for everyone. But some people
who are not tech savvy have a bit of a hard time investing in crypto, like I have family members who are old, they rarely even access
the internet, because for them accessing the internet is a difficult thing. Even I have explained it several times to them, but they still don't
understand it. Finally they give up and choose to invest in gold, or choose to save in a bank even though the interest earned is very small.
There is also a friend of mine who lives in a mountainous area which cannot get internet access, there are always people who can't invest
in crypto. But indeed the majority of people now make the internet a basic need, so it should be for most people there will be no difficulty
if they want to invest in crypto.

This means that crypto is indeed the best opportunity to make money as long as we can access the internet, especially in an economic crisis
like now, crypto provides a pretty good solution for us to be able to earn an income. So the conclusion is that crypto has more positive effects
than negative effects, related to crypto shortages that might be overcome in the future. After all, nothing in this world is perfect, everything
has advantages and disadvantages. So far I think the advantages of crypto stand out further, so learning crypto is something that is highly
recommended if we want our lives to be much better.

I understand your point but the way you are describing the World Crisis is quite unrealistic. You believe if the world goes in crisis things will to cheaper and everyone can afford them bit in reality this is not what actually going to happen.
The crisis mean money will lose its value and no one will be able to afford anything at all.
So its better to not wish for world crisis but to wish for good economical growth so more people can have better jobs and better portfolio.

I agree with you and I think the op needs to explain what he meant so we can understand. There is no way things will be available for people to buy, the supply of food and other things will be scarce when there is crises, anyone who takes the risk to buy things for example food will want to make abnormal profit from it.

OP is a troll that likes to open up a bad spam topics for some reason, which I am guessing is mainly about getting merits as cheaply as possible. We have bunch of accounts like these, they are lurking in the local boards usually but there are some in the economics section few times a year. We had previous examples of this before, and I am guessing it is the same person because the type of messages are similar as well.

There is no logic to "economic crisis is good" unless you are a greedy wealthy person taking advantage of the situation. Sure, it was great for Jeff Bezos who gained more and more money thanks to pandemic and amazon being the only open one for a long time. But we are not that, so it is not good.

I sincerely agree with you, economic crisis can't be good. The consequences and negative effects of this will affect everyone without exception. If economic crisis is "planned", then we will not be able to influence it in any way, whether we like it or not. It remains only to take it for granted and try to survive it.

The positive effect of crisis, so to speak, is that it will be possible to see how this will affect bitcoin. We've already discussed this a bit here - How will Bitcoin behave in the approaching crisis? (https://bitcointalk.org/index.php?topic=5385104.msg59203720#msg59203720).

There are many ways to see how you can diversify and make some kind of investment, I know people who talk to them about BTC, who are entrepreneurs who have a lot of money, so much so that they could easily be market whales and yet their fear is so much that they Sometimes they do not see the BTC as an important and imperative way to multiply their money in a period not exceeding 5 years, that in that time their money will move so much that the greatest probability is that their money will grow, at least more than 24% which is what no bank will give them in their lives as annual returns, even so they do not manage those figures, for me, all this is a matter of culture and lack of financial education that economic processes advance and everything becomes technology, in this case economic technology that tends to deflation.

No matter where in the world no one wants their country to be hit by an economic crisis, because it clearly has an impact on increasing price stability and the movement of needs in the country cannot be controlled.

I agree with you, inflation will occur if the economic crisis cannot be controlled and what is feared is an increase in the price of necessities and people find it more difficult to shop and what is very worrying is the crime rate will also increase. so no one wants to experience an economic crisis and if someone says it is a good crisis of course for the distributor country.

But who will give a merit to the topics like this? It would be very questionable but anyway I think that even the company owners will suffer if there's a crisis and they will get less costumers. No one has an advantage when there is a crisis so no one wishes that there will be a crisis that will occur although it is still unavoidable.

Amazon isn't the only company that is open during the pandemic but there are others too because there are still people that are buying their daily needs despite of the increase in price. They don't have a choice anyway, they need to keep on going and thankfully the government is still there giving what they can help to the poor.

Things will not get cheaper locally if countries are depending on import to feed their people. They will have to deal with high exchange rate and that will affect price of goods. Even if they produce locally but have to depend on raw materials from abroad it will still affect price. This is what Africa countries face. Whenever the price of dollar, Euros or pounds rises it affects us. Every commodity takes the hit including backyard fruits like oranges, mangoes, tomatoes etc. Yes economic crisis will affect real estate because landowners will be selling their properties to find food and may sell at cheap if there are no one to buy from them just to get food.

Your understanding seems to be the same as mine.
because I experienced it myself in my country. The economic crisis does not make prices cheap. In fact, prices are increasing because the exchange rate of the country's currency is also weakening. When I was little, 1 penny could buy 2 candies. but now it takes 10 cents for 1 candy.
The exchange rate of the country's own currency with the dollar is the trigger for rising prices. and a country's dependence on imported goods or materials exacerbates prices into a very fantastic spike.

as is now experienced in my country. the price of household appliances, food raw materials become expensive. in times of economic crisis.

but indeed there are people who are in dire need of money, so they sell their valuables very cheaply. but what does it mean to be cheap if the buyer is not there. because everyone is not in need of luxury goods. but all of them need money to buy food. things become worthless because no one is interested.

When there is a crisis of course there are people who benefit, for example, debtors, a crisis or inflation will make the value of money go down so the debt burden will go down, some types of investment that are very losers during a crisis are property, this is what makes the government must always maintain the value of money so that no crisis.

Certainly not an easy job for the government to always maintain the value of money,
Moreover, these factors come from outside or are unexpected such as the war between Russia and Ukraine if it continues it will also have an impact on the global economy,
What is clear is that the government must always be prepared for what will happen

Economic crisis will hit the local supply and demand first before talking about the imports and exports, no one is going to work for cheaper they will start demanding more and tax will be increased by the government so running business is not a good idea, just buy the assets and do nothing.

Everything will had a positive and negative things.Mostly people think about the negative about the economic crisis and you had mentioned about the positive things about Economic crisis was advancing one.The economic crisis make the food cheaper and will eliminate the people who do the food as a business to get huge amount of money.Food should treated as a trust business.

Something must be mentioned, when Venezuela began its great crisis, economic and of all kinds, there was a great war with the food items, people fought and made long queues to buy oil, rice, among others, and now in France the same thing was presented, at that time when Venezuela was falling it was watched from all over the world, in fact they came to compare Venezuelans as if they were Indians, but what cannot be denied is that in the face of necessity it makes many people do not control themselves and react like animals, I hope that in Europe or any part of the world they do not have to go through what Venezuelans have gone through, hunger and need is something that is not good at all.

Countries that deals with importation of things are really facing terrible crisis,  everything seems to be expensive.  Government are unable to meet up with the countries budget. What they do to manage the country is to borrow money from top wealthy countries to run activities of the country, it is not expected for things to be cheap when it is like this and case like this it will take time for the country economy to be stable  for things to be be affordable for every common citizen.

Economic is 24/7 hours in crisis. Mostly in the third world nations, Nigeria in particular, anything that the price goes will not come down. Inflation is the biggest problem we face in the Continent. The following causes inflation in the region.
1. Dollar exchange rate. Anytime when dollar exchange rate is high that means, dollar is higher and the fiat currency is very low. Goods and services will be very high even the locally made product will be higher. At that instance, everything is cost they would not come down even when the exchange rate is down.

2. Petrol (Fuel). Just like fuel control the prices of goods and services in the Continent. Once the Fuel marketers increase the price of petroleum. Everything would be very costly.

But at time of high cost the rich people would not feel it but the poor people would be crying to buy a particular goods.

The biggest problem with nation that import things is that if their fiat is not strong that means they would have to pay a lot more of their tax income or basically economy to buy those things. Like yeah sure China does bring some stuff to USA and that means USA pays china some amount of money for it, but that doesn't mean that USA spends all of their money on that or breaks their backs, they could pay that back one way or another if they wanted to, can take time but they can do it.

But, like for example if we are talking about a place like Venezuela or Philippines or something like that then when they want to buy an iphone it becomes a big difficulty.

Governments have to really sit up in helping bring back the economy departing fortune, people are suffering from hike in commodity prize and their seem not to be any adequate plan in place, cryptocurrency which could have been an escape route is facing serious challenges through governments regulation, tax and ban.


Having the capacity to afford all these is a great problem for an average individuals, even if they are cheap, an average man lack the ability to purchase them, all because of the increasing rate of poverty which need to be amended.

That’s the last thing that anyone would ever wish would happen to their country .Check the history of countries that have been through economic crisis they never remain the same .Their conditions always become very worst. So economic crisis has never been a good thing no matter how anyone tries to see or say about it. And like @Yohananaomi pointed out there is also going to be increase in the rate of crime whenever there is economic crisis.

I can tell you this is for sure because I have experienced such a thing during the pandemic lockdown when things got really hard and crime rate kind of increased in my country. But now that things has gotten back to normal, everywhere is calm again. So this is something that we all never wish to experience at all.

Economic crisis is a big problem that can create chaos and unrest, many countries change government due to economic crisis, and in my opinion the government should do everything to prevent economic crisis, and usually the beginning of a crisis is rising inflation that makes people unable to meet basic needs.

Seriously dude, which part of the world are you living? Because, here in my country I can tell you for sure that economic crisis is a really bad thing. Economic crisis can lead to unemployment and poverty. check countries that are having issues like this. And like you have said that local things get cheap, that is not the truth, even the local things you can get in that country are still going to be expensive, not to talk of the imported goods. The expenses you’re going to make on your daily feeding is going to be very high and the income you’re making may even reduced. So economic crisis is never a good thing.

I personally have experienced in my country experiencing a severe economic crisis, at that time many people suffered, and almost all areas of business experienced a slump, so it was very difficult to survive at that time. many property prices are dropping, but have no choice but to sell assets to survive. until finally there was an increase in the crime rate, and it spread to looting of shops. terrible thing to remember, because the necessities of life are difficult to meet. and even this time it began to appear that inflation was getting higher causing all prices to rise. there is nothing good from a crisis, except our mentality to survive

Everybody knows the negative impact of the economic crisis on the world but it appears to be a surprise to me that the OP sees it as something good and from what you said it causes chaos and unrest that have led to emotional trauma for some people.

We can't rely on the government to prevent economic crises when they are not ready to prevent them for they are not ready to stop printing more fiat currency.