Hello guys its James here. Welcome to another episode of Econ-Donkulous. I just want to have a discussion about the possible 2020 recession, some say we are already in a recession. The global economy took a hit when the outbreak started. people got sick, we were not able to manufacture goods, we can’t make goods so we can’t not sell goods, traveling got restricted, now we are social distancing, people are staying home, not spending money and unfortunately companies are downsizing and laying people off. In hard times like these, people need help more than ever.
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Econ-donkulous Episode 1 where we cover the global recession
https://www.youtube.com/watch?v=mjMMOClSNRM&t=32s
So I want to cover the major causes of the 2007-2009 crash, todays possible crash, and how I plan to invest in this possible recession.
All recession are different. I just want to point out the similairties with the 2007-2009 recession, to what is happening today.
Here is a little background.
We went from an illness that sparked a global recession.
To liquidity issues - people were leveraged in the market, which led to the fed lowering rates, and doing repo. Bond yields went negative to the stimulus package which pumped the market up.
Key points
My S&P Chart
https://www.tradingview.com/chart/WEJxwe43/
Here are some data I am looking out for.
So my plan has not changed. I am still looking to invest around the 1800 level. I got fomo on tesla and bought it but, I sold everything today and I am short the market. Everyone be safe and please use social distancing.
This is not financial advice or stock suggestions. I would love to hear your thoughts on your investment plans!
We would love to hear any suggestions or comments. Please feel free to email us at: [email protected]
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