13/10/2022
energy crisis, rising prices, and depreciating currencies
2022 is a special year!
In this post-epidemic period, we are suffering from a war between Russia and Ukraine. The energy crisis was triggered by the outbreak of a war that lasted for months. The energy crisis and rising prices further triggered a sharp depreciation of the currencies of many countries and regions. Some currencies even fell to their lowest levels in half a century. Most people's assets have shrunk severely and their purchasing power has declined.
The whole social economy has entered a new recession period. In general, the following key features are important signals of entering a recession.
1. A large number of small and medium-sized enterprises are facing difficulties and have closed down in batches;
2. The import and export trade has stagnated, and the prices of a series of daily consumer goods such as grain have skyrocketed;
3. Debt default rate rises and liquidity deteriorates;
4. Unemployment has broken historical records, and society is full of homeless people;
5. Low work income, no consumption desire, and ability;
6. The economic stimulus policy is ineffective, the social mood is low, and there is no confidence in anything.
My fellows, how are you?
hongyue_stone
New hotel project in Nanjing China
