Preparing for the upcoming Recession
Introduction I woke up today seeing my portfolio bloody red again. Stocks and ETFs are down. Cryptos are down. Gold is down. These and having high interest rates with our home loan plus commodities are becoming more expensive (high inflation). It’s quite an alarming state. We’re currently in a Technical Recession. Recession is such a big topic, but a Technical Recession simply means that the GDP in the past 2 quarters had a negative growth. This means that the value generated by countries like the USA (default currency USD), Australia (where I live), and the Philippines (where I was born) are not doing well - economic wise. If you want to learn more about recession, that is easily digestible, I advise to look at this page from RBA (Reserve Bank of Australia) . ...