RE: Are We About To Enter A Lost Decade?
Dear @ga38jem
Finally I've managed to find some time to check out previously bookmarked publications. Good read. Upvote on the way.
Your question is absolutely valid. I would be shocked, if somehow current crisises (pandemic, lockdown, supply chains broken, trade war between US and China and now conflick Russia-Ukraine followed by sanctions) will not push us into "worst time of our lifetime". I think we're already on the way towards really difficult times.
where the industry is not growing as fast anymore, and the inflation numbers keep raising.
It does sound familiar to idea of stagflation.
I wonder if we would only enter recession or staglation. I'm concerned that second one would take place. Wouldn't you agree?
Somehow I developed strong belief, that only those who have hard assets (bitcoin, gold, land and MAYBE property) will do reasonably well.
Have a great day :)
Cheers, Piotr
Thank you for sharing your thoughts!
I think that we can see the worst time but this might also mean that there would be a great opportunity after this time! Maybe even thanks to crypto.
Wheter it will be a stagflation or a recession, the consequences could be severe for everybody. I think you are right regarding the hard assets. I would include porperty and hosuing because it is something everyone needs at some point. Therfore, if you own a house you have something like a safe heaven to fall back on.