Brace yourselfs , the economic earthquake is coming ...

[AitorMarcos]

Everyone is pointing out this "September crisis" online nowadays, anyone know why specifically September? For some reason people are saying that we did have a bad situation in economy due to pandemic and that was bad but it recovered so fastly that it is actually not recovered but just made it look like it recovered and in September the "real" trouble will be shown and everything will be horrible.

I guess it is September because our current problems are going to "snowball" on us in the nearest months. And if current economical state won't change to upcoming - we will face deep trouble in September/October indeed

[bearexin]

I am not yet familiar with forex trading because I only trade in cryptocurrency exchanges. But it sad to say that most of the stocks in USA are experiencing the economic recession. However, in cryptocurrency almost all coins are fluctuating since yesterday. A big pump for bitcoin and ethereum. Maybe, it will continue to rise on the following months as a preparation for bull run 2021 or it will also follows what is happening to the stocks right now. This is the good thing that we all know the different kinds of trading, because we can adjust ourselves to the stocks or coins which good to buy.

The only market that’s up and trending in this falling economy is the crypto market. Just like the situation in Venezuela, crypto is up for the rescue when fiat currencies have their back against the wall. Stocks of almost all the countries facing the pandemic situation at extreme like USA, India etc are experiencing economic recession. Right now, the safest market to bet your money on is crypto market and gold market. Gold is also showing tremendous market growth.

Like OP mentioned, the economic crisis is just about to knock. The international market is dead and is bleeding hard. The June 2020 Global Financial Stability Report (GFSR) Update has discussed the raising possibility that financial conditions may tighten more than assumed or predicted in the baseline. The need of liquidity assistance for countries facing serious health crisis such as United Nations is making the economy drop quite a bit. We can observe the drop in the price of USD against EURO. This is some serious issue considering the fact that not many countries are prepared to face such earthquake.

[tbterryboy]

Buddy, the economy almost everywhere has been the same , everything is showing red and they are depreciating, only few has been able to continue with an uptrend. Despite the situation we have been seeing this year, there are still people who are making lots of money and benefit from the situation.

This is not a time to keep relying on just one thing, it’s good diversify and look for other means to make income by learning new skills and also investing in Bitcoin or any of the top cryptocurrencies like Ethereum. Bitcoin has been increasing this month and it’s still showing signs of further growth. I’m lucky to have known Bitcoin for a long time and I’m happy I have been investing for long now.

[Botnake]

That's red red wine everywhere, most of the countries I guess are in trouble because of the pandemic, and that big fall down of stocks alone is an evidence that unemployment rate will increase as the economy suffers. We can't do anything but to wait until the economy recovers, and just hope that we will survive in this probably long battle against an enemy that we can't see, we are not prepared for this and until now there's still no vaccine for the covid-19.

If you have some extra funds, better start doing business and not just rely on our job, at least with business, we know what to venture and  we can study the market we are going to enter, although we can say that the economy struggles, but there are industries who are still profitable, so invest on that industry.

[Salauddin1994]

The effects of the epidemic will get worse in the coming days. Due to the closure of trade and commerce, the rate of workers is increasing and the unemployment rate is increasing due to which the common people are suffering from financial problems. It will take a long time to recover the rate at which the economy has been damaged. Although the economy is hurting, the price of bitcoin is rising, so bitcoin investment or manufacturing industry is the best way to increase investment. It is possible to recover some of the economic earthquakes.

[TrevorS]

The Dow Jones Industrial Average was up 0.4%, over 100 points, on Friday, while the S&P 500 rose 0.8% and the tech-heavy Nasdaq Composite gained 1.5%.

The Dow fell by nearly 300 points earlier in the day, but the market recovered and turned positive thanks to continued strength in Big Tech stocks.

Three of the biggest U.S. tech companies—Apple, Amazon and Facebook—reported earnings and revenue that crushed Wall Street expectations late on Thursday.

Apple rose 10% to a new all-time high on Friday, boosting the market higher, while also announcing a 4-for-1 stock split that was cheered by investors.

While shares of Big Tech companies are among the best-performing stocks so far this year, there are rising concerns on Wall Street that heavy market concentration in this handful of big names could pose downside risks to the market.

Consumer sentiment fell to 72.5 in July—down from 78.1 last month—amid the resurgence in new coronavirus cases across the country, according to data from the University of Michigan.

Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks, banks and some retailers—moved lower again on Friday.

https://www.forbes.com/sites/sergeiklebnikov/2020/07/31/stocks-turn-positive-dow-jumps-100-points-after-big-tech-earnings-beat-expectations/#3c1b8bf25fa4

[perfect999]

If you have some extra funds, better start doing business and not just rely on our job, at least with business, we know what to venture and  we can study the market we are going to enter, although we can say that the economy struggles, but there are industries who are still profitable, so invest on that industry.

Yes starting a business of your own is usually a really good idea. And at a time like this is always good learn other things and get new skills that you know will help you at this time.

There are jobs that you can do remotely, and there are lots of company that are giving remote jobs these days , it’s best to check the jobs that are trending the mist and know the one you can learn and after learning that skill you can then start looking for jobs in those areas. Even before now, relying on just one job has been a bad idea, because you never know when you may lose your job.

[Rengga Jati]

It seems that crypto market and the stocks didn't go along well this time. Money from the stocks just came into cryptocurrency. 

Yep, it is not the same this time. The Crypto market is in good condition, while the stock market looks badly. But I suspect it is just a temporary, crypto market may follow the stock market at any time. Who knows that in the next few days, we will see big dumps in the crypto market. To be honest, looking at the condition on the stock market isn't a good sign for the crypto market as well.

I'm starting to be scared once this pumping is done, money will come out to crypto and shall go to stocks.

Me, too. But we don't know when it will happen. It can be soon or takes a long time. But, after seeing the stock market trend, I think I will consider buying more coins. I think it is better to prevent the possible worse trends in the upcoming days in the crypto market.

[Kakmakr]

Financial guru's have been predicting a economic collapse for years and we saw the same thing happening in 2009 with the Banking crisis and the subsequent bailouts that prevented that.

Whatever happens, you should know one thing... there are tax money that are readily available to governments to bailout their financial buddies in the Stock markets.

A global pandemic was just the catalyst that the global stock markets needed to "reboot" the markets, because the "informed" traders know a reboot is needed for them to make profits again. (The uninformed will bleed on the streets) 

[fullhdpixel]

https://www.youtube.com/watch?v=zXt56MB-3vc

Red Red wine ... i just hope it will not be like 1929,or worse...as i got family also ...

[im g]https://i.ibb.co/znFR3Fr/Screenshot-from-2020-07-26-00-38-34.png[/img]

This pandemic caused a lot of countries to put their economy on a stop, everything from transportation to a lot of other sectors of the economy were all placed on hold because of the pandemic. But it didn’t take long and everything started going up again. Dow Jones crashed to a price below $20k when the pandemic started, but after a short time it has climbed its way back up again.

This has been the same thing with other stock markets, they have been going up. Even cryptocurrency was hit, so there was no exception. I’m happy that things are getting better as the economy reopens, but I’m only worried if there should be a second wave of the virus, I really don’t want that to happen.

[maydna]

Definitely yes, I also worried about the mortality of second wave virus,besides, we can't see our enemy, I think it will be calm down if there is a 100 percent cure...

I am afraid that we need to wait for some time because every country still works to find that cure. We want to see the virus gone, but unfortunately, with the new normal apply in many countries, and people don't follow the protocols, that can trigger the coming of the second wave, which we worry.

We need to prepare for any worst thing that might happen later because we don't know what will happen next. If the economy still difficult to be back to normal, perhaps, the economy will have another hard time like before. If we can be ready for everything, we don't have to be worry because we already prepare ourselves with anything that will come.

[Kasabus]

Definitely yes, I also worried about the mortality of second wave virus,besides, we can't see our enemy, I think it will be calm down if there is a 100 percent cure...

I am afraid that we need to wait for some time because every country still works to find that cure. We want to see the virus gone, but unfortunately, with the new normal apply in many countries, and people don't follow the protocols, that can trigger the coming of the second wave, which we worry.

We need to prepare for any worst thing that might happen later because we don't know what will happen next. If the economy still difficult to be back to normal, perhaps, the economy will have another hard time like before. If we can be ready for everything, we don't have to be worry because we already prepare ourselves with anything that will come.

With the down economy system we are facing today, i just hope that people will now be aware that if they continue to be selfish and still not follow protocols, we will experience another hard times making our own economy force to shut down. I'm just quite proud for crypto that despite of this happenings today, crypto is still standing and has become even more stable with this difficult times.

[maydna]

~snip~

With the down economy system we are facing today, i just hope that people will now be aware that if they continue to be selfish and still not follow protocols, we will experience another hard times making our own economy force to shut down. I'm just quite proud for crypto that despite of this happenings today, crypto is still standing and has become even more stable with this difficult times.

We can still make money to fills our daily needs from crypto in the down economic system compared to people out there. It is hard times for every people, but I believe that people out there still trying to survive to get out of the hard situations. These situations will go to the end, and we need to struggle to the end until the scientist can found the vaccine. If people out there can accept crypto and follow our way to make money, I think they will get out from the hard situations, and they will make money like us so that they can buy their daily needs.

[Reatim]

~snip~

With the down economy system we are facing today, i just hope that people will now be aware that if they continue to be selfish and still not follow protocols, we will experience another hard times making our own economy force to shut down. I'm just quite proud for crypto that despite of this happenings today, crypto is still standing and has become even more stable with this difficult times.

We can still make money to fills our daily needs from crypto in the down economic system compared to people out there. It is hard times for every people, but I believe that people out there still trying to survive to get out of the hard situations. These situations will go to the end, and we need to struggle to the end until the scientist can found the vaccine. If people out there can accept crypto and follow our way to make money, I think they will get out from the hard situations, and they will make money like us so that they can buy their daily needs.

Of course people wanted to make money even in down economy but the problem is only few had found their way in and majority is still struggling because company are closing and even warehouses are fulling out employee to cover their losses.

let us admit that life now is far different from the past when the Covid 19 is still not in line.

But if they can find the online Business to be profitable(but it took time before establishing and having legit costumers)

like some of my friends who lost their Jobs are now entering the online businesses from foods to goods.

[Kong Hey Pakboy]

It's just good to see that a crypto once criticize but we smash them in the face as in times of crisis, crypto is stable and we stand out.

Long live crypto but I'm hoping the economy will recover.

Crypto is a lifesaver for us in this situation surprisingly it really is I thought things will be worse when the market is crashing but eventually recover and now stable, this makes us think and have confidence that Cryptocurrency is here to stay it bounce back in the worse situation much more when things are in better situation.

Indeed. After bitcoin halving have occured in last month of may, bitcoin and other cryptocurrencies have showed stability and growth. While banks and stocks are suffering from the economic crisis due to the pandemic of coronavirus. It really showed that cryptocurrency can save our assets from losing it's value.

[maydna]

~snip~

Of course people wanted to make money even in down economy but the problem is only few had found their way in and majority is still struggling because company are closing and even warehouses are fulling out employee to cover their losses.

let us admit that life now is far different from the past when the Covid 19 is still not in line.

But if they can find the online Business to be profitable(but it took time before establishing and having legit costumers)

like some of my friends who lost their Jobs are now entering the online businesses from foods to goods.

I hope that people who have not yet found jobs can get new jobs, and they are still struggling until they can found it. I am sure that even we are in the pandemic, people will have a way to make money from the other jobs. We do not just admit the pandemic still with us, but we need to accept that we lived with the virus, but we can avoid the spreads by carefully when we are work or in the public area.

Some of my friends change their jobs offline into an online business, but they still find what the jobs that can suit them are. But they still try to search for offline jobs because they still prefer to do offline jobs.

[Reatim]

~snip~

Of course people wanted to make money even in down economy but the problem is only few had found their way in and majority is still struggling because company are closing and even warehouses are fulling out employee to cover their losses.

let us admit that life now is far different from the past when the Covid 19 is still not in line.

But if they can find the online Business to be profitable(but it took time before establishing and having legit costumers)

like some of my friends who lost their Jobs are now entering the online businesses from foods to goods.

I hope that people who have not yet found jobs can get new jobs, and they are still struggling until they can found it. I am sure that even we are in the pandemic, people will have a way to make money from the other jobs. We do not just admit the pandemic still with us, but we need to accept that we lived with the virus, but we can avoid the spreads by carefully when we are work or in the public area.

Right and life must Go on and we have nothing to do with that,it is either we do everything to find profiteering or we stay in the edge dying from starvation.

the Government are doing their Best to help people but they cannot carry the whole thing we as people must do help them to make life easier even the truth is not.

Some of my friends change their jobs offline into an online business, but they still find what the jobs that can suit them are. But they still try to search for offline jobs because they still prefer to do offline jobs.

everything that possible must be acquired,either online or  offline what we need is to struggle,the more jobs we can get is the best life provider we can give to our family.

i am also affected of pandemic because our company lessen our time of work but i am doing online selling now to at least cover the losses from my normal income monthly.

[AicecreaME]

That's the moment when people realize crypto currency can save them from such crisis. The stock markets are getting feed by fiat and due to flood money printing by the governments and over feeding the markets this happened. Due to the recent Covid-19 crisis many business are effected by the crisis, here if you check the stock markets and Forex, you will understand all the currencies and mostly usd and getting lose their price over metals mostly gold and solver. That's a great sign to the how the money is losing it price over the time and specially during the crisis.

Cryptocurrency and metals are indeed a good investment especially during this pandemic where stocks is very unpredictable. Though crypto is also a bit shaky these last months, it's slowly stabilizing and rising, hopefully will not follow the stocks anytime soon.

Earlier this year stock market crash happened when Dow fell up to 7.79%. It was called Black Monday because it was so far, the worst single day drop in market in U.S. This is an impact of investor's fear of the covid-19 pandemic. The stock market crash lowers the value of investor's holdings that's why many people panicked and exited out before losing more.

This is where i could say that it's really great to invest in different properties and assets and to not rely on one source of income or investment so that when one leg collapsed, you still have a back up.

[coolcoinz]

Some of my friends change their jobs offline into an online business, but they still find what the jobs that can suit them are. But they still try to search for offline jobs because they still prefer to do offline jobs.

So the situation isn't that bad for them. When they're able to have a job while looking for a better one everything is as it should be. It would have been much worse if they had no job or no options to even look for a better one, like many people in poor countries. In the big picture, the availability of online jobs puts you in a decent situation. Imagine living in central Africa or South America where the lucky few have Internet access and a computer. We really shouldn't be so pessimistic and have some fun instead of constantly worrying about a crisis that may never come.

[atjiat]

Some of my friends change their jobs offline into an online business, but they still find what the jobs that can suit them are. But they still try to search for offline jobs because they still prefer to do offline jobs.

So the situation isn't that bad for them. When they're able to have a job while looking for a better one everything is as it should be. It would have been much worse if they had no job or no options to even look for a better one, like many people in poor countries. In the big picture, the availability of online jobs puts you in a decent situation. Imagine living in central Africa or South America where the lucky few have Internet access and a computer. We really shouldn't be so pessimistic and have some fun instead of constantly worrying about a crisis that may never come.

If a person is conservative enough and cannot adapt to the requirements of the modern world, then it will be very difficult for him to refuse offline work. First of all, this happens because a real job gives him certain guarantees of income, and if we talk about online employment, then there are certain risks. But since the world follows the current trend, the opportunities for a person have increased today and a person with the help of the Internet can earn much more in a month than an ordinary person in his permanent job for a year or more.