YouTube – Benoit Mandelbrot thinks we’re all screwed.
It gets into this situation. I am skeptical of any good news regarding the current crisis the world is in, and is tired of hearing more Doomsday news and call-outs.
In the end, there’s so many directions the future can lead us to from this crisis. Nobody have the confidence to predict what will happen to the entire market. There might be wars, riots, jobless rates etc. But somehow or rather, people will survive it. That’s where our world starts all over again.
The advice I follow is – Be yourself and live life normally. Live within your means. You are not safe hoarding up on cash because inflation rates might shoot up. Your currency may devalue. There may be chaos and unrest.
You are not safe spending all your money either – I won’t need to elaborate more on that. You might think it’s a good time to buy stocks cheap, but this crisis is unlike any other crisis – The confidence in financial markets, and financial institutions are at an all-time low.
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.