We are heading to recession

[abhiseshakana]

Currently, this position has created instability in the country, because the country's fuel crisis has created a widespread economic recession in the country. Of course, preparations should be made in advance, because the country is under great threat because the fuel crisis has terrified people and exposed them to various dangers.
 Because the developed countries will face the most danger, because the prices of all the products in the country will increase overnight. This will create more crises and the economic situation of the country will be the most dire.

When inflation is created due to high price increases with oil prices being high, that means not a lot of people will be able to buy stuff. Recession is basically a way of saying "companies took so much from people that now people have no money left to spend on the same companies so companies are not making same amount of profit anymore so they have to fire the same people who are not buying from them as a punishment for not spending their last dime with them, and make more profit that way by spending less".

I am not even kidding, that is literally what a recession is and that is what we are seeing these days, but that is all we can do, as a response to this, we just have to stop spending money, so that things could get cheaper again.

Simply said for me recession can be seen from people around me and my self, when we said let's live more economically and we start cut our expenses, many people don't hang out in restaurants and may sale / discount everywhere, it is a signal of recession coming. We can also find signal if our company strat freeze hiringa nd doing silent efficiency, its also mean recession. On these situation, usually bank very tight releasing credit, and very hard to get loan and bank also reduce our credit card limit. When its all happen, people start loosing trust to help each other, everybody hold their money even they affraid to do shopping, investing or take any risk.

My suggestion to face recession, of course strenghten our liquidity of emergency fund, reduce fixed expenses and high risk instalment, focus on income stability and avoid any debt.

[AmoreJaz]

The global economy is probably already in recession, but it has not yet reached the consumer level. Instead, an AI bubble is inflating. That's when the AI bubble bursts, then the crisis will reach the microeconomic level. And it's not like it is now with high gasoline prices, but it's much harder. Moreover, high oil prices are likely to trigger the bursting of the bubble, because the AI sector requires a lot of energy.

It is gonna be massive when the AI trend bursts.

That is a $4 trillion market and as said around 40% GDP of US economy last year.

So if there will be a recession coming, and it all comes together with the impact of the war. That's gonna be more than the lehman's I guess?

AI is already making waves today. Just look at the jobs AI is replacing. Students now are highly relying on AI. It is like one prompt and you will know the answer so fast, you don't need any hard book anymore. There are so many fast changing evolution of activities owed to AI today. And we can't eradicate such changes. What we can do is embrace and find a way how to still be human despite of the presence of AI.

Or else, you can use AI at your advantage. Use trading bots to earn profits. But of course, you also need to know how you can explore its features to really deploy it in your trading activities. There are so many remote jobs now and try to integrate AI in your work. After all, you can't escape from AI today. So use it to your benefit.