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There’s a fear of Recession in the air right now.
However, the opinion is divided:
• US Government says that we are no where near a recession
• The FEDs however differ
What is the actual picture?
And more importantly,
What does it mean for the stock markets (and your investments)?
Watch this CRUCIAL macroeconomic video till the end to understand holistically
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Video Editor and Thumbnail: Ayushman Khare…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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HOW TO INVEST IN GOLD: Gold IRA Investing
How to Deal with Recession in 2023? And, Why the World is Confused about a Recession?
The year 2023 has brought about many uncertainties and challenges for countries worldwide. The looming threat of a recession has left governments, businesses, and individuals grappling with fear and confusion. In this article, we will discuss how to deal with a recession in 2023 and shed light on the reasons behind the world’s confusion surrounding this economic downturn.
Firstly, it is essential to understand what exactly a recession is. A recession is characterized by a significant decline in economic activity, resulting in lower production, increased unemployment rates, lower consumer spending, and diminished business investments. In such times, it becomes crucial to adopt strategies that can help mitigate the negative effects of a recession and navigate through the tough economic situation.
1. Diversify your sources of income: One of the critical ways to combat a recession is to diversify your sources of income. Relying solely on one job or business may leave you vulnerable in uncertain times. Consider exploring alternative income streams, such as freelancing or passive income through investments.
2. Focus on a budget: During a recession, it is crucial to have a clear understanding of your financial resources and obligations. Creating and strictly following a budget can help you prioritize spending, cut unnecessary expenses, and save for emergencies.
3. Acquire new skills: In a recession, the job market becomes fiercely competitive, and layoffs become a harsh reality. To safeguard your professional future, it is essential to acquire new skills that are in demand. This could involve taking up online courses or seeking professional certifications.
4. Maintain an emergency fund: Building an emergency fund is vital in protecting yourself against unexpected financial shocks during a recession. Aim to save at least three to six months’ worth of expenses to provide a safety net in case of job loss or reduced income.
5. Seek guidance from financial advisors: Consulting a financial advisor can help you navigate through a recession successfully. A professional can assist in formulating a robust investment strategy, optimizing taxes, and provide personalized guidance for your specific financial situation.
Despite the availability of these strategies, there is still confusion surrounding recessions in the world, particularly in 2023. The confusion arises due to various factors:
1. Complexity of economic indicators: Economic indicators, such as GDP growth, inflation, and unemployment rates, often provide mixed signals, making it challenging to accurately predict a recession. Moreover, governments and analysts may interpret and communicate these indicators differently, leading to confusion and differing viewpoints.
2. Global interconnectedness: The interconnectedness of economies worldwide further complicates the understanding of a recession. Economic conditions in one country can significantly impact others through trade, investments, and financial markets. As a result, the global economy becomes more intertwined, making it difficult to isolate the causes and effects of a recession in a specific country.
3. Rapidly changing economic landscape: Technological advancements and changing market dynamics have significantly altered the economic landscape, making it harder to predict and address recessions effectively. New industries, such as artificial intelligence and blockchain, are emerging, while traditional sectors are undergoing transformations, creating uncertainty and confusion about the direction of the global economy.
In conclusion, dealing with a recession in 2023 requires careful planning and proactive measures from individuals and businesses. By diversifying income sources, budgeting effectively, acquiring new skills, maintaining emergency funds, and seeking guidance from financial experts, one can better navigate through the economic uncertainties. Nevertheless, the confusion surrounding recessions is rooted in the complexity of economic indicators, global interconnectedness, and rapidly changing economic landscapes. By understanding these factors, policymakers and individuals can better adapt and respond to future economic downturns.
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Abhey dhongi.. jab market down then recession or jab market up tab 21000..
Abhey dhongi.. jab market down then recession or jab market up tab 21000..
Akshat sir, could you pls.share your recent link on germany recession. Don't seem to be available in your posts. Thanks in advance. Regards
സാമ്പത്തിക മാന്ദ്യം എങ്ങനെ handle ചെയ്യാം. How to survive upcoming recession.
https://youtu.be/Wthj_RmBdSQ
@9:21, what is the name of the wealth management?
I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.
I personally cleared $230k of debt going aggressive in the other markets. Right now the markets are crazy but there are still hidden opportunities therein. Having monitored my portfolio performance return huge six figures from the last 2 quarters of last year, I have learned why the market will remain a money den for those who know where to look.
The video is not about recession but about stock market. Doesn't answered questions he stated in the beginning
Sir please tell us . How manage your money. I mean how many %you are pouring to stock market. R udoing any FD.
Like a forest fire that wipes out the old trees to make room for new growth, bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
Stock market will not survive it would not exist in 2025 or 2024 it's going to be a economic crash
This recession is due to over pumping which has created IT bubble and now it is bursting.
Still I don't understand, knowing this many non technical people are still leaving their jobs and coming to IT. Hundreds of coaching institutes opened just to train how to switch to IT.
Scalar is one such.
great video.i make huge profits on my investment since i started trading with
a professional broker Mrs Ivey Reyes, her trading strategy are top notch
coupled with the little commission she charges on her trade.Thanks so much ma'am
Thank you so much for the video Akshat. It helped clear a few things. I have a few questions pertaining to it:
1. You mentioned that since the US GDP growth was lower than the last year for two consecutive years, that is why the it was a recession. But, from my understanding since recession lasts on an average of 11 months, it makes sense to see the quarterly growth rates to check for recession. What do you think?
2. Moreover, from my understanding, the quarterly growth rates should be "negative" and not a lower growth rate than previous quarter to call it a recession. Your thoughts?
I am just want to gain better clarity of the concept. Can you please explain?
Looking forward to your response!
Yeh world bank ne last year bola tha. India mein itna serious fear nahin hai. India is bottomed out.
I dont think this guy really investing and earning in Stock markets. I believe he is deceiving his viewers. making videos copying content from Hindi/Other languages, scripting on his own language. He predominantly earns only through YouTube videos. The only fact is he has analytical skills really. Of course, even if you are lying or cheating, you should have some fair part in the script. Otherwise nobody believes.
This week mrkt will rise and for investors recession is ok if its long term investmt. For traders day traders they need to worry. https://youtube.com/shorts/xd-BYZFdMpc?feature=share
Everyone selling home – sitting on cash….
0:12 Cut to 2023 Jan, Goldman has carried out mass layoff, wonder why then?
Thanks
I don't think the way it was established that we, in India, are in a recession (technically) holds true. GDP DID NOT shrink for 2 consecutive quarters as mentioned in 3:28 onwards (not even in 2020) … GDP growth did … GDP shrinks only when GDP growth is negative… Same holds true for US … Hence we cannot say we are or were in recession unless there are 2 consecutive negative growth quarters (which has not happened in India yet)… Slowdown Yes but Recession No …
At some point, a bear market will end and a new bull market will begin. But how can you tell when the market bottom has been reached. How can I profit from the present market", I mean I've heard of people making upto $250k in couple months during this crash and I'd like to know how.
A safe investment Idea:- You can remit up to $250,000 to Dubai. And make an FD for a year at 4.1% and hope INR will depreciate by 10% like it did this year, giving you a return of 14.1% even if the rupee depreciates by only 6% as it usually does. You will get 10.1% with no TDS deducted at source.