📖 BUY One Rental at a Time
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
WORSE THAN A RECESSION!!!
The global economy is currently facing a crisis that threatens to be worse than a recession. With the outbreak of the COVID-19 pandemic, economies around the world have been hit hard, and the long-term impact of this crisis is still uncertain.
The pandemic has led to widespread job losses, business closures, and a sharp decline in consumer spending. This has resulted in a significant contraction in economic activity, pushing many countries into recession. However, the implications of this crisis reach far beyond the traditional definition of a recession.
One of the main reasons why this crisis is worse than a recession is the unprecedented level of uncertainty it has brought. The scale and speed of the economic shock caused by the pandemic have left policymakers, businesses, and individuals grappling with an uncertain future. This uncertainty has made it challenging for governments to come up with effective policies to mitigate the impact of the crisis and has led to volatile and unpredictable financial markets.
Another factor that sets this crisis apart from a recession is the breadth of its impact. While recessions typically affect specific sectors or regions, the current crisis has had a widespread and profound impact on nearly every aspect of the global economy. The pandemic has disrupted supply chains, led to a collapse in international trade, and caused a significant decline in demand for goods and services. This broad-based impact has made it difficult for businesses to adapt and recover, leading to long-term economic damage.
Furthermore, the social and human toll of the pandemic is also a factor that makes this crisis worse than a recession. The widespread loss of lives, the strain on healthcare systems, and the toll on mental health have added an unprecedented level of human suffering to the economic impact of the crisis. This has further complicated the prospects for recovery and has made it challenging for societies to bounce back from the current crisis.
In light of these challenges, it is clear that the current crisis is more severe and far-reaching than a recession. As the global economy continues to grapple with the impact of the pandemic, policymakers and businesses must work together to find innovative solutions to address the complex challenges posed by this crisis. Only through coordinated and collaborative efforts can we hope to emerge from this crisis and rebuild a more resilient and sustainable global economy.
Sounds desperate
Spot on.
What was the interest rate at 2020? And how over priced
Something is better than nothing. Even if a person doesn't get to full financial freedom, having extra sources of income to lessen the pain of a job loss is a good thing.
Crashes happen and Boomers always have money to blow (yes some of them don't). They are sometimes stingy with it; but they love to out do the Jones next door. Yes we can install lights for you. Sure you can come stay in my vacation rental. Yes, bring the grandkids. Make yourself recession proof. Maybe you were planning to be lazy…..but not today….another few years sure….
At this point I don’t care what happens, I can’t afford a house so I just stuck my money if a 5% APY CD…. Whatever happens happens
I learned 40 for 40 for 40 and difference between a depression and recession from you guys. Thanks for showing us to grow our income and create streams of income.
Voicing reason as always.
Not sure I agree with you that 2020 was the best time to buy a house. I'd been looking since 2017 and not finding anything that would cash flow. I don't care all that much about price, I don't care all that much about interest rates. I do care about whether or not real estate I buy is going to be a drain on my finances or an addition to my income.
Hat tip to all your students who seem to be finding cash flowing deals in this environment. Those seem to elude me still.
Robert is in the gold train… lol he’s trying to get you to buy gold out of fear.
Thank you gentlemen.
It's similar to a power vacuum. A leader suddenly died and nobody stepped up. You're new landlord will.
2020 was really good