Global Economic Recession
evawhite on July 8th, 2008
You must have heard of the stock market’s crash, you certainly would be aware of rising commodity prices and surely still sore about the last fuel price hike. So is the worst over?
The world thought the worst was over 3 months ago. Which is why stock market participants bought in to the falling market assuming it can only go up from there. Gosh…. they were wrong. This global fall has happened in three waves. First fall in January (after scaling life-time highs in November and December), the second fall during March and the third in June. All this while the price of oil kept moving north. Money from one asset moving into another quite simply. In this case, from securities to oil.
Are we heading towards a recession? Yes. We are in one already. Things need to get worse before you believe. The way things are going it looks very much like things are going to get worse. The magnitude of how much money has been lost is beyond the scope of this article to explain. I’ll give you this however, historically whenever the stock markets have been beaten down into the sand, economic depression has followed. Expect the effect to ripple into everything you know.
Advice from an economic expert ”Citizens are best advised to hold on to cash. Which ever 
investments/assets can be liquidated should be liquidated. Even at a marginal loss.” When a fall is expected then any property sold at par or at marginal loss one can expect to buy the same back at a lower cost. Stock markets, property prices have gone up continuously over the past few years. Due correction was expected and underway now.
