Apparently, a global depression will be invisible if the media simply goes out and says it’s not really happening.
RT:
US stocks are expected to undergo much sharper declines than most of the pessimistic projections outlined, according to Michael Wilson, Morgan Stanley’s chief US equity strategist, as quoted by Bloomberg.
In a research note seen by the agency, the analyst said that the recession would exacerbate the biggest annual decline in the equity market since the global financial crisis. Wilson added that the S&P 500 could drop much lower than the 3,500 to 3,600 points that the market is currently estimating, in the event of a mild recession.
“The consensus could be right directionally, but wrong in terms of magnitude,” he said, adding that the benchmark could bottom around 3,000 points, or some 22% as against current levels.
The analyst warned, however, that while a peak in inflation would bolster bond markets, “it’s also very negative for profitability.” Margins will continue to disappoint through 2023, he added.
It’s basically a 100% certainty that 2023 is going to be an extremely tough year economically.
I don’t really have any advice. Everything is going down. I don’t really think that crypto is likely to be the “safe-haven” that it was advertised as. The fact that Bitcoin has held where it has after the rest of the tech sector’s value collapsed is interesting, but probably not predictive of anything.
If I was going to give any advice, I would say that the obvious thing to own is real estate. Based on the current trajectory, we’re not that far off from a total Bolshevik situation where the government starts seizing people’s property, but in that case, there’s nothing anyone can do about anything other than I guess pretend to be Jewish.
Of course, the number one thing you’re going to want to do is not live in a city, and to have stocks of food, guns and ammo, and fuel. After that, real estate is probably the move.