Are we headed to a nowhere economic direction ?

[terencio]

In my country, the situation is also uncertain and challenging. I cannot predict how the economic turmoil will affect me or others, but I hope that we can find ways to cope and adapt. I think it is important to stay informed, plan ahead, diversify income sources, save wisely, and seek support when needed.

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[Gyfts]

If you take the U.S. and EU economic metrics, the recession that everyone seems to be concerned about isn't actually here. Inflation for USD and Euro are still high but the growth forecasts don't point to a recession necessarily. It's possible they're muddying the numbers or the mere possibility of a recession is causing concern and creating less money circulation. Wouldn't be the first time baseless speculation and panic caused economic turmoil.

Real estate is collapsing and even the rich people have no options to invest.

Lot of the institutional investors aren't exactly sure where to put their money, so they're sitting on it with stable assets instead of circulating it into business ventures. It can create a feedback loop and cause lesser economic growth within itself. I wouldn't say real estate is collapsing, speculation about what could happen which isn't helpful.

[flyingcarpet]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

What scares us is the increase in economic uncertainties all over the world. No one knows where the economy will take. Governments try to do something, but they fail. One of the downsides is that the increased prices never come back. How long can it go on like this? The world is on the verge of a major economic crisis.

[Silberman]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Those kind of weak measures used by the governments are bound to fail, as this is like giving a life jacket vest to someone that is drowning on a sea full of sharks, it could slightly help their situation but it does nothing about the hungry sharks, so small and big investors alike are on the fence about this and they are waiting for the economy to show signs of improvement, and if it does not then they will take the necessary measures to protect themselves and the wealth they have accumulated over the years.

[maydna]

You've done a great job of keeping your money in crypto because if we deposit money in the bank, we get nothing but paying fees every month. And the value of our money will not be able to increase but decrease until finally, our money in the bank runs out if we don't save every month, but that also doesn't guarantee that we can get good interest because of those costs.

The economic situation in my country seems to be stable and under control even though there has been a slight increase in basic goods, but so far, it's still good. We hope the government can solve every problem, but we cannot rely too much on the government. For this reason, we must prepare for our future by investing in bitcoin. And I think that step is right for those of us who have invested a certain amount of money each month to prepare for our future.

[MarjorieZimmermanGinger]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

The source of the problem lies in how far the individual can make money every month, because this is related to the fulfillment of every human life. Recession and inflation have dissolved everything and few people are able to survive under this pressure, moreover the available job status affects the poverty rate every year and it is increasingly difficult for people to get financial resources to fulfill their daily lives. The problem is the extent to which the government is present to provide solutions and almost many countries fail to achieve this equality, people are required to continue to manage their own lives with various considerations of aspects of work and those who fail will continue to have problems

No one can talk about investing in these circumstances and there is no point in making literacy and encouraging people to invest because all they are thinking about right now is how to get a job and how to fulfill their daily needs. When individuals are strong in the economy it may be true that investing is a good choice and that's how people keep cash flowing even if it's slow instead of keeping it in a bank that yields nothing.

What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Our country has not had much impact on the global recession and inflation because we have food sources that can be processed independently and even though talking about employment is difficult and there is still a lot of unemployment that has the effect of post-pandemic recovery, least so far food needs are still sufficiently fulfilled and still enough to sustain community life.

This will be much more problematic when the community does not have the option to find a new job and in the following year it is not certain that the community's economic resources will recover.  Government programs are one way to get out of this problem, they must be in favor of the wider community with programs based on the economy and the housing business.

[Halime Anatolia]

Regarding the situation in each place, I think it's almost the same due to the impact of the pandemic and the global economic recession. yes. many countries are pouring budget there for recovery. I think your position is still very safe, you still have a steady income and you can support your family, even though at some time you have to look for additional income again to cover your family's shopping needs because the value of basic household staples has all gone up. what is certain is related to this economic turmoil, I think all elements also feel it, whether he is a civil servant or private sector or the community in general.

[Rigon]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

The economic condition of my country is very bad. I have to spend what I earn in this country. Can't save any money for future life. I had deposited some money in the bank and took that money from the bank and kept it at home. Because my country has suffered a lot economically and various banks are going bankrupt right now, so I took my money out of the bank and kept it at home. But I am planning to invest in Bitcoin without keeping money in the bank. Although there are already some investments in Bitcoin, I will invest this money in Bitcoin to strengthen my investment. Because currently I think investing in Bitcoin is better than keeping money in the bank.

[AnonBitCoiner]

The situations of every country is same in most of the cases so we should prepare for the situations of inflation. I think setting some business is worthy because if a person save money in bank then due to inflation may be he loss that money and in case of crypto so there is no guarantee of getting income.

In my opinion build a house or shops and give it on rent is a beneficial decision and everyone wants a home to live so there are large number of individuals who don't afford to build home so they will live on rent and this will give you maximum monthly profit. So during inflation as every country faces it this opportunity will help you to live a happy and easy life.

[serjent05]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Your country maybe but I think my country is not.  The people who are governing your country do not govern all the countries.  There are people who are capable of governing their countries, bringing growth and improvements.  I feel sorry that you have a leader that is incapable of making your country improve.  I hope in the next election your people are able to choose leaders that are competent enough to give you satisfactory results.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Bitcoin investment is not a quick race, it is a marathon where you need to hold for a longer period of time to get a satisfactory profit. If you are in for a quick rich scheme, then probably Bitcoin investment is not for you. 

[kryptqnick]

If we look at economic direction on the level of a country, I think it really depends on a specific country. Some are rising, some are getting worse, some are just in stagnation. But if it's about the global economy, I think that it's growing, and the direction of growth is quite clear. Recessions are temporary setbacks, pauses or slowdowns of this process. The issues I see are not those of recessions. It's an issue of the wealth gap growing, the issue of huge distribution problems. The world is making enough overall, enough to cover the basic needs of the total population. But apparently the idea that nobody must die of hunger, suffer from malnutrition, die due to incapability to afford basic medicine or have no roof under which to sleep is just too radical, leftist, woke, or whatever. That is disturbing to me.

[Agbe]

The harsh economic situation is not being experienced in just one part of the world; I think that almost all parts of the world are facing the same issues: dedollarization, high interest rates, and inflation leading to greedflation and shrinkflation. A lot is really happening, and one thing to do is to keep readjusting to the changes so as not to be too depressed by the kind of situation that some people are already facing. The economic situation is very bad in some countries. If one has one source of income, look for a side hustle to support yourself if your income is not really enough to handle a good number of your bills. Also, it's not really now that people should just be stacking their money in the bank because of devaluation, which will still reduce the purchasing power of that money.

But some parts are facing it more severely than the others. This has bring the novel tilted, " The Animals Farm" by George Owell. George Owell made a statement in the novel and says that" All animals are equal but some animals are more important than the other". The Economics situation in the West Africa (Nigeria) in particular is much more difficult than any other country in the world. Buhari, the president of Nigeria came to kill the country. He came for the goods and not for the good. The Capitalist oppression, balkanazation, allination, inflation, unemployment, underemployed, man know man employment, godfatherism, nepotism are all found the Buhari regime. Let pray that the next president should change the present economics situation to good one. The debt Profile in Nigeria is about CBN Loans: Nigeria’s debt to hit N77 trillion, says DMO. When do you think this loan will be paid off. As it is now President Buhari is still asking to collect more loans from world bank. And Economics experts are warning Nigeria President about the debt.

[el kaka22]

I believe that we are, but we are not going to like where we are headed at all. Communism and any type of "we need to consider the bottom as well" type of left views were disabled by the media. Because media is owned by rich people and most of the people you see on TV are not only getting their money from those rich people but they are rich themselves as well.

You may dislike it as much as you want, but with the world getting more automatic, we are not going to be able to find jobs for everyone, even if they accept "ANY" job, we won't have job availability for everyone, when you consider what jobs people trained for, that number grows smaller. So, the system we have in place makes the rich richer and that's fine, but the poor will only be getting worse and worse, basically barely be able to eat.

[cydrix]

The days when we all relied solely on natural resources to thrive are long gone, and the world is transitioning to a digital economy. The government made money off of those resources, therefore the natural bounty was not greatly enjoyed by the people. I see a future in which everyone's brain has been implanted with knowledge about our natural resources. Ideas should be generated by individuals to improve their finances and the economy. Spend the money you have wisely if you must. If you require quicker returns, and if you are skilled with advertising, you can spend the money in affiliate marketing. It doesn't make sense to keep the money in the bank, and occasionally I think it's a waste of time. It's preferable if you spend the funds to advertise a successful product.

[Davidvictorson]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Just like you there are a whole of other people in countries all over the world going through the same thing as you are facing in your country right now. Investing in cryptocurrency particularly bitcoin is great and as you have mentioned you will need to be patient because it is a long term investment. While you wait to take profit, you may consider have other sources of income aside your job which I believe you may not be sure of its security.

I am pretty much going through the same thing in my country, what is helping me aside my bitcoin investments is the digital skill I acquired some years ago. I focus more on myself and how to avoid being broke than on what the government has to offer me. The economic situation right now is terrible.

[kaseygriffin]

No matter how you are orienting your investment purpose, just keep doing it. Take responsibility and don't complain that the market is unfair to you, because if so, you would have considered this a gamble or lottery from the very beginning. Money doesn't come so easily; it doesn't matter if you are tough enough to bear the burden during this time because most of the good and long-time investors in this industry have gone through it. After 2018, they all knew how to optimize capital. And don't look forward to meme projects; they can be a piece of cake, but they can also be poison.

[teosanru]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

To be honest no investment opportunity is good enough when you are in a global recession phase. We don't have history of Cryptos in this time so can't even comment on how will Cryptos perform in this scenario. It's better to be either in liquid cash in this time or go with Bullion and commodities at this time because these things tend to go up. But yes one will be lucky only if his steady source of income sustains, if one loses jobs then it's a very bad phase. But let's see how the economic turmoil unfolds

[bayudndy]

Hmm, after the pandemic, my country also faced a lot of difficult situations affecting socio-economic life. The fact that some of the evils of corruption also increased greatly affected the domestic stock market. A friend of mine lost all his money while investing in shares in a large company after the chairman of the board and other members were involved in corruption and were wanted. The company went bankrupt, and the stock became worthless. Although there are still many negative fluctuations, I hope that the government will try to overcome them and come up with more reasonable policies for the country to promote the economy.

[Baofeng]

In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.

I think every country is still has problems as far as their economy goes, I'm from Asia and our country has so-so performance, we are still in the middle as far as GDP is concern, but we are projecting like 6% growth. But not sure if this is achievable or not.

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

Good for you, most of us are in crypto or at least majority is in Bitcoin, so that is good enough. Just let me tell though that Bitcoin investment is a journey, and it's not a marathon. You really need to understand how the market works and how you can make it in your advantage. Right now we are in a bear market, so what we gonna do is to accumulate as much as we can, not necessarily buying 1 BTC right away. But buy as much satoshi as you can and wait for the bull market.

Most likely, the bull market will happen next year, after the Block halving. The question is, do you have what it takes to remain in the market for at least a year to realized your profits and without complaining what is going on in your country?

[dothebeats]

We're entering a stage of some sort of 'squeeze' economically: interest rates are up, profits are down, and the general market condition is just.. dead. There are still quite a few investment ventures that can prove profitable if you are in that market long before the others, although they are quite few and far in between. Perhaps it could be another recession in the making, but a lot of economists and analysts have been predicting this since 2015 and we've had way worse markets before. Right now, most of the countries--even the usual profitable ones--are slowing down their economic growth.