A global recession is coming in 2023 – make sure you’re prepared

[BusinessTech]

A global recession is coming in 2023 – make sure you’re prepared

A global recession is coming in 2023 and you should act now to protect your investments, warns Nigel Green, CEO of deVere Group, an independent financial advisory, and asset management firm.

 

[Quicks]

We might have survived this, if we did not have the ANC running the show the last 28 Years. Now we have failed SOE's, failed infrastructure, failed sanitation, failed Eskom and BEE to top it all off.

We will be hit the hardest, by recession seeing unemployment is already record high!

 

[3WA]

On the contrary, we'll be the best prepared for a recession.

This. Can’t get laid off if you’re unemployed.

 

[Benedict A55h0le]

On the contrary, we'll be the best prepared for a recession.

I am not sure if "prepared" is the correct word though.

 

[chrisc]

This assumes that we have spare cash to invest in the first place

Many people I know are living from hand to mouth

 

[saturnz]

we are already in a global recession, banks are just covering its effects with money printing, and the effectiveness of that money printing is starting to fade quickly and the costs of the money printing are starting to be felt more strongly

 

[Lupus]

Yeah looks like locking people up for almost 2 years might have a bigger effect then what the virus they were supposedly protecting us from did.

 

[backstreetboy]

Yeah looks like locking people up for almost 2 years might have a bigger effect then what the virus they were supposedly protecting us from did.

Should tell that to China.

 

[RedViking]

This. Can’t get laid off if you’re unemployed.

FTFY

 

[genetic]

Economists... Always take their opinions with a grain of salt. 99% of the time they're wrong.

According to doomsday economist Dawie Roodt, the Rand would have hit R20 to the dollar in 2012 already. He has been wrong every single time.

 

[Bliksis]

Economists... Always take their opinions with a grain of salt. 99% of the time they're wrong.

According to doomsday economist Dawie Roodt, the Rand would have hit R20 to the dollar in 2012 already. He has been wrong every single time.

100%. I sometimes wonder what the purpose of articles like these are.

 

[Slowestclock]

They must turn the money printer back on, BTC must climb again like when those stimulus cheques showed up

 

[Grubscrew]

Investments smevesmtments, you only live once.

 

[Slowestclock]

Investments smevesmtments, you only live once.

True, but I'd rather lives with a roof over my head and a stocked fridge

 

[Quicks]

So "it would have been OK, but now..." - do you realise how long South Africans and others have been saying that?
It's always "it could have been... Would have been, if not for...."

But drama is the drug.

Its been at a record high for some time now. Have you been able to eat 3 meals a day? I know many people who couldn't do that 50-80 years ago and still loved life.

Today it's "woe is me, I can't afford a gym membership anymore", or "have you seen the price of a console or graphics cards these days!?"...
Or "I can't afford the petrol to drive 1100km to visit my mom"... But you can pick up the phone in your pocket and call her any time of day. This isn't the 1940s and you don't have ro use cattle carts.

https://www.iol.co.za/news/south-africa/kwazulu-natal/more-than-40-of-south-africans-go-to-bed-hungry-every-night-d11dce16-b5c3-4a28-96ed-c51a105c1747#:~:text=More%20than%2040%25%20of%20South%20Africans%20go%20to%20bed%20hungry%20every%20night

 

[Lupus]

Should tell that to China.

They started it

 

[Arthur]

Economists: successfully predicted ten of the last two recessions.

 

[Lupus]

Economists: successfully predicted ten of the last two recessions.

About as accurate as our energy experts.

 

[Benedict A55h0le]

It absolutely is.
Life is not about the dollars and cents, it's about what happens in your head. Loads of people, with everything to be thankful for, kill themselves every year because they believe life is too hard, while so many people apparently on their last crust cling onto life with all they have and are thankful for that crust.

Perception is everything.

I agree, some people are very prepared because life in Africa is harder. The fact remains that SA is still less prepared than any 1st world country. It might only have a small minority that is preparing itself at their own cost.

 

[rvZA]

Cash, gold and silver under your bed with enough firearms and ammo to protect it. This is how you will save your investments.