How can you hedge your bets regarding a recession, is there something I can do with my limited amount of money or something I can do to prepare for a recession?
You can say that, but ultimately the reason the dollar goes up in value and has held its value is because the rest of the options suck.
People said this about Europe, and then they realized after the Greece mess that the Euro is propped up by tons and tons of countries that have their own insane amount of debt, worse % than the US in many cases, and they don't really have a true way to deal with the situation without relying on Germany, unlike the US who has the Federal Reserve. So, when the dollar was supposed to sink and the Euro was coming up, Greece happened and then trillions of dollar investments from other nations kept pouring in propping the dollar up.
To this day there isn't really a great solution otherwise. Ya, there might be problems and flaws with the dollar, but I still don't see it crashing in value anytime soon on the world market until a true competitor appears.
If there are any necessary things you need to buy do it now. Eg. car or home repairs, stock up on non-perishables (even if the world doesn't end, it'll be nice to have lots of food on hand when it costs twice as much ins 6 months or a year).
My prediction is we are headed to another recession. The dollar will fall in value. Most of this is pork garbage right?
How can you hedge your bets regarding a recession, is there something I can do with my limited amount of money or something I can do to prepare for a recession?
Probably buy gold. Silver doesn't really move with gold or with the economy/market. It just had a random ass drop too.
People are saying crypto, but crypto fell the last bear market. I don't know where to hedge against inflation except metals and a tad of crypto
How to hedge? Prepper style... keep a food journal of what you eat for few weeks and stock up on those items best you can.
Food inflation will hit first. Then obviously some good pair of boots or other things that are necessary.
At least when shit hits the fan you'll hopefully have a few months of buffer from it via this way.
I might be wrong but we all have our ways of thinking.
Buy crypto once the recession hits and the value drops through the floor. A year ago you could buy Bitcoin for 1/10th the price it is now.
Gold
Gamestop stock appears to be about it.
You can say that, but ultimately the reason the dollar goes up in value and has held its value is because the rest of the options suck.
People said this about Europe, and then they realized after the Greece mess that the Euro is propped up by tons and tons of countries that have their own insane amount of debt, worse % than the US in many cases, and they don't really have a true way to deal with the situation without relying on Germany, unlike the US who has the Federal Reserve. So, when the dollar was supposed to sink and the Euro was coming up, Greece happened and then trillions of dollar investments from other nations kept pouring in propping the dollar up.
To this day there isn't really a great solution otherwise. Ya, there might be problems and flaws with the dollar, but I still don't see it crashing in value anytime soon on the world market until a true competitor appears.
Good to know
Bitcoin is that competitor, and the major financial institutions themselves are beginning to say so.
If there are any necessary things you need to buy do it now. Eg. car or home repairs, stock up on non-perishables (even if the world doesn't end, it'll be nice to have lots of food on hand when it costs twice as much ins 6 months or a year).
Depression imo