I'm maybe a little early in my prediction. I was worried about the next recession 24 months ago! I saw how technology was causing all sorts of disruption to the service sectors such as pubs, bars, restaurants, retail stores local bank branches etc. Also, when the chinese money slowed down and apartment construction started to drop off a cliff.
They were all slowly going out of business and now this happens. There couldn't be a perfect storm.
Bankruptcies, corporate loan defaults, mortgage defaults, mass unemployment, global civil unrest, hyper inflation & health pandemics!
You have politicians, treasurers, economist and even the banks predicting all of this. I'm surprised not many are worried or talking about this?
I mean it is bad enough that the value of my real estate could lose 40% plus of its value just at a click of a finger.. Thank god i have no debt!
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I'm maybe a little early in my prediction. I was worried about...
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