Recession is coming???
How true is this???
As forwarded by a Financial Consultant, in Dubai.
Recession is coming... make your own judgment, don't panic! Do what is wise.
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.
Suggestions:
1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first out'.
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many. This is not a rumor.
Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble.
India and all those self economies will be the most protected, but not gullible.
Europe may be a little stronger, but not China, another giant place!
Malaysia will see significant impact.
[mod note: posted already; http://www.qatarliving.com/node/222579 Please search before starting a new thread]
I dont think it will be for long...people nowdays do not even believ in saving...but save & invest = yeah !!... and what makes it better is the access to information...Access to info will make it easy for investors to find the next hot deal...unlike the old recessions.
economic crisis realy reflect that situation but still if the stability will occur in fuel price it could b in positive direction
I personally doubt it, brit.
What happens when OPEC tightens the screws and decreases production. The price will surely rise wouldn't it ?
The oil price is 52.91 US $ today. Decreasing demand due to economical recession in the industrialized countries. The dance has just begun.
At times like this, I'm glad I'm conservative. I still have what little I had before. And so, I still have a roof over my head and food on my table. And I'm a happy camper.
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Life is short. Live it to the fullest!
recession is coming??? did you miss the last several months in North America? it's here, in a big way- it may not have popped the Qatari bubble but....