2020 Potential Economic Collapse

[Butterfly]

Thank you very much for the replies and advice

[Arwen Thebard]

Unusually this morning almost EVERYTHING is tanking at the same time. It may be different later on today, but at the moment all markets (Asia, Europe and US pre-markets) are heavily in the red. So are gold, silver, other metals, oil, gas and cryptos, livestock and agricultural futures are also ALL down. The pound GBP and Euro are both up against the dollar and interest rate futures are rising. And the usually safe Bonds market is in the red as well, so where is left to invest?

Has investor confidence finally gone?

Hold onto your hats folks, It's going to be an interesting week.

[jansman]

Unusually this morning almost EVERYTHING is tanking at the same time. It may be different later on today, but at the moment all markets (Asia, Europe and US pre-markets) are heavily in the red. So are gold, silver, other metals, oil, gas and cryptos, livestock and agricultural futures are also ALL down. The pound GBP and Euro are both up against the dollar and interest rate futures are rising. And the usually safe Bonds market is in the red as well, so where is left to invest?

Has investor confidence finally gone?

Hold onto your hats folks, It's going to be an interesting week.

You asked for links on another thread Arwen,so I'll put this one here,as its more relevant.So,just to cheer everyone up,for what it is worth:

https://consciousnessofsheep.co.uk/2020 ... beginning/

[Arwen Thebard]

A good article that Jansman.

Did you read the one in the environment section titled "Is this sustainable?" which made an equally good read on economic issues, despite being listed where it was.
https://consciousnessofsheep.co.uk/2020 ... stainable/

[jansman]

A good article that Jansman.

Did you read the one in the environment section titled "Is this sustainable?" which made an equally good read on economic issues, despite being listed where it was.
https://consciousnessofsheep.co.uk/2020 ... stainable/

Yes.I read them all.It ain't good.

[Stonecarver]

''There is some hope that as job losses begin to hit middle class white collar professionals the wider impact will be dampened because they can fall back on savings"
This is line that stuck with me considering that every central bank in the word has discouraged saving by slashing interest rates over and over

[jansman]

''There is some hope that as job losses begin to hit middle class white collar professionals the wider impact will be dampened because they can fall back on savings"
This is line that stuck with me considering that every central bank in the word has discouraged saving by slashing interest rates over and over

So very true.

[Arwen Thebard]

''There is some hope that as job losses begin to hit middle class white collar professionals the wider impact will be dampened because they can fall back on savings"
This is line that stuck with me considering that every central bank in the word has discouraged saving by slashing interest rates over and over

Until those savings are gone.

Feels like they are shaking the last few apples from the tree.

[Ysverine]

Forgive me for hijacking with a dumb question, but I'm not the most financially literate person ever and reading back through the last few pages has made my head spin a bit. Is the current thinking that we should be working in cash rather than having money locked away in the banks, and if so how does that reconcile with a lot of places refusing to work with cash given the Covid situation?

[ForgeCorvus]

Have an account and use the linked card for purchases and DD for regular bills.
Keep a stash of cash to cover any banking issues (some people put a number on it, others just have a few months worth of 'running costs').
Have a second wad of cash for buying the more obvious survival-prepperist gear..... Because there are watchlists
If you decide to hold PM's (Precious Metals) for whatever reason, remember that these are not immediately available for use

If you do keep a lot of cash at home (or PM's), be ready to prove how you came by it or it could be taken off you under anti-money laundering and proceeds of crime legislation.