Depression Looming

[Eurobonus]

I cannot see that the global economy will have a fast recovery. I can only see a depression looming unless a vaccine is quickly developed. This is the first time in a long time that the US has been directly affected by a major negative event (9/11 was localised). With the US slowing down, there is no other economy that will be able to create the demand required to get us a fast recovery. China's domestic demand is not large enough and Chinese personal debt was going through the roof even before the virus pandemic.

How will the world and the global economy be once this pandemic subsides? I think a very changed society and traditional retail will be one the worst sufferers. Also with all this money printing, is there a risk of hyperinflation in the long term? Well, gonna buy a couple of KGs of gold just as insurance and not for investment per se. Also think property prices will come under the cosh so sitting on cash will enable you to buy distressed properties as getting loans will be hard for many. I am reevaluating my log term investment strategy to take into account the changing environment.

[dmedin]

8 hours ago, Eurobonus said:

Well, gonna buy a couple of KGs of gold just as insurance

🤣

[Guest Antoine]

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