Lesson Two: Do not sale phones and other junk for 1000$.

Lesson Three: There is no economy if there are no human alive

@@lespaceman take some pills man, chill.

Indeed. Its the confidence put forth by the market that the listed companies' equites/shares are profitable and has growth potential in the future--thus the "going concern" principle. This principle HOWEVER barely (or never) take into account worst case economic scenarios like this one since these kind of events (ie. pandemic) are not statistically common and are not within the forecasting model. COVID pandemic is a surprise for everyone and, sadly, to our economy too. Its only natural that global economy will crash due to lockdowns and even into a level thats unprecendented in our history if this conditions persists (aka. next depression in a global scale).

Sure sure u buffon

According to baby boomers it is millennial dreams - Baby boomers - "You ain't doing nothing and you are acting like you are saving the world. Think bout your future son. You ain't going to get noting by slipping on couch and watching TV all day" Millennial - "Doctor are saying to stay home. So I am staying home. Can I watch TV I am bored by doing nothing whole day" Baby Boomer - "Yeah, I ain't trust those so called doctor. I have my Jesus with me and I believe in Trump"

Geez... 😂

@@georgegray2712 how about a young male gamer sitting in his attic?

have a nice SLEEP

loooooooooooooooooooooooooool gold comment

man people cant travel

Started prepping October 2019 after looking at the Global Debt Clock..... Minus trillions. Knew 2020 was going to be financially a train wreck... Virus sped it up. ..... And me just a Welsh nobody with no qualifications..... Makes me wonder how people vote people in that know nothing.

Robt. Miller What you just said means the same

@@rmcd823 Not at all. The cause has been waiting for over 5 years, it needed a trigger to set things off. If it hadn't been Covid it may have been the Oil Price war, cold war, any minor shock.

It's people we caused the spread in the first place but welcome covid you are the next thing to blame in this world people have to just grow

I doubt that.

They’re still playing games, still making money.

Well, maybe if the average joe bought even one stock once in a while it wouldn't be that way. If a million average joes buy just one stock it'll really eat into these few rich individuals.

@@Junokaii you are right but usually we the average joe`s say it no point if we don`t get rich overnight. But as you said if every joe would by a few stock we would still have a voice.

Bon Lued the ones who WORKED for their wealth didn’t actually work for it, they just told people what to do, and they did all the WORK... all corporations and businesses and economies are built upon the labor of SLAVES... just like ancient Egypt.. not much has changed except now slaves like yourself, fight for their own oppression...

NetMage11 So woke, just like how people who teach math and engineering don’t understand math and engineering because they aren’t inventing or discovering stuff.

But if they are British they are pro-Chinese

NetMage11 PhD means a lot if you follow the syllabus of German or Soviet economics, not the Anglo American economics. I did a PhD in economics in the university of Birmingham which used to have a programmer called National Economic Planning which used to follow the Russian Syllabus but Mrs Thacher closed its down.

Jealous?

@NetMage11 Did it ever occur to you that some people might like teaching and/or research better than trading?

And then the stock market will die again but even worse

@@jacobpuvan3131 Then jump back as algorithms bet against each other of when the game of chicken ends.

Hiii can u help me?

JD it can, but in this case, the government pumped direct money into so I would agree.

I'v been trading shares for 2 years now, Finally at the point where I'm leaving my job as an engineer. Best advice I could give is DO NOT trade personally as a beginner, Stick to your DEMO until you have a strategy which works.

Did you make gains from DEMO? Why are you quitting your job then?

Very correct, one needs to have a strict trading plan that covers most of your trading activity, which will help you reduce risk from unforeseen shifts in the market.

I have been copying the trades of a financial adviser in Edward Jones over 2 years, she is quite dexterous. Although this is done automatically I have been able to learn a few tricks to help me trade on my own. She takes a perfomance fee after you have made profits, her style of trading suits me perfectly and I have made profits of over $750k.

Adhering to a strategic trading plans can help investors evade some of the most common trading pitfalls. Who is the EJ adviser you copy trades and how can she reached? How much capital did you begin with?

Here comes the manual labor class complaining about what they do not know. Tell me how come someone who has financial assets, such as stocks, gets richer from this? If they own companies, these companies will sell less, and the stocks plumber, losing value. How is this getting richer? You can argue that they cannot get poor, they'll still be rich, but if they could choose, they'd choose a time without crisis.

.01% will get richer. They buy up everything at reduced prices. The super rich (Rothschild, Soros, etc) get richer by owning more as we own less.

@@ev.c6 Hedge funds. Short-selling. There's quite a few ways of turning other people's catastrophes into another payday for you.

@@anonUK All of those are part of a diversified portfolio. No one will go all-in shorting.

@@ev.c6 Not until it's profitable. Then, you can feast on that carrion of other people's careers and life chances!

supply n demand

All the "signs" in shop and restaurant windows I've seen are homemade written notices written oprinted off of regular computer printers

@@SurprisinglyDeep R/whoosh

@@mrconor6842 Yeah I got that it was a joke, no need to r/whoosh me. However I have never seen a "closed due to coronavirus" sign anywhere. They don't exist.

closed due to government extortion

That will buy you a loaf of bread in a couple of years

Buy the print then lol.

Nothing more to be said when air travel is restricted, local businesses are closed, people are dying in the thousands and everyone is in a panic. We are at a zombie apocalypse with no zombies.

@@willasbury if you bought it you would agree. this is NOT the Economist of my youth

@@ericli2936 you sound like a real drama queen. When everyone says don't panic, first thing that probably goes to your mind is "paniicc"

I expected more from u what happened

Absolutely brother 👌

Some did and do....

Because we don’t know what we have until it’s gone... it’s the human condition!

Very sensible. Already we are seeing problems with global food supply chains. Very scary stuff.

Dream on

David Lockett and why is that?

Padmanav Mishra yes the DEVEL-OP-IN-g .... e-CON-NO-mies .... are so crucial for the market on the DEMON side...

Jecky Mendiola because there has to be somebody at the bottom of the pyramid... if you want your wealth, than you have to steal it from many others... in order to built yourself up, you have to break another man down... thats how capitalism and hierarchies function...

I doubt i really changes anything, humans have notoriously short memories.

we didnt arm ourselves. the elites did.

May b 4 a few the died a long time a go just going through the motions looks like life nothing on the inside

@@ChispyReddit any excuses 4 not arming ur self

Finally I found someone with the same opinion as mine, I personally think that these lockdowns will lead to more damage than the virus itself...let us live our life

The way I'm thinking too, either way there will be deaths. People are dying because they won't go to hospital because of the virus. Domestic abuse, people living alone and have nobody. Suicide as family business disappears. To take the economy down at the same time as the virus is the most crazy thing ever.

valar lol the economy crash in just two weeks

proof you dont understand economy in its core.

Astroid? What you talking bout willis?

😝😝

Matthew Poreda time flies

@@learnit465 yeah man im 33 I know its not that old but I remember being 18 like its not that long ago.

Actually I'm from the UK and this is not strictly true. Although the Government did announce they would cover approximately 80% of an employee's salary up to about £2,500 per month, the actual word on the street is that there are a lot of "smoke and mirrors", by that I mean a lot of caveats and smallprint details. That's certainly the case with the so-called business support from the Government. It sounds nice on the surface until you look at the details and in order to get it, you need to put your house as collateral (only someone insane would do something like that in such an unpredictable environment). The U.S. approach is much better as the stimulus check (I think about $1,000 or so) goes straight into the pockets of households. It could be improved by being transformed into something like a temporary basic income rather than a one-off payment. By the way, I wanted to note even though the Government here made a supposed commitment to fund 80% of a person's salary, that is actually no guarantee whatsoever that businesses will be interested in the offer. In fact, despite the offer, many businesses have still chosen to lay off people anyway.

@@babatundeonabajo the job retention schemes are actually quite simple, with no hidden caveats, and cover most people. For whatever reason some companies are still choosing to layoff staff, many aren't. Fortunately many companies already had infrastructure in place to allow working from home. Not heard of using homes as collateral for biz grants. The local biz rates cuts are fairly straightforward. All told it makes far more sense to protect jobs this way.

Canada has it

@@babatundeonabajo I'm also from the UK and there definitely aren't the smoke and mirrors you describe. There are job losses and that inevitable but for the most part, it's working.

im from the uk an the govt are a bunch of lying b@st@ds

What are they gonna shop with?

Correct, or, have a mechanism where they can change from International to domestic economies quickly.

Instead America wastes trillions on weapons of mass destruction, instead of it's people.

Would be nice but won't ever happen. They have too much power and influence. Look at the U.S. election for christ's sake. 350 million people and two people in the running to lead us is dumb and dumber. Poor and middle class at best are posting snippy Facebook memes. That's it. That is the extent of our ability to change anything. The wealthy 1% are undoubtedly laughing at how comically powerless we are.

I hope you are not socialistic but right wing

James Pearle it’s because we have a new program... now we’re ALL individu-ALLS... this is how divide and conquer looks... global capitalist economy... millions and billions of people completely segregated in every aspect of self perception and identity that even beginning to work together, not dependent on the system, is unimaginable... we can’t even think of a world without money... because then how would we have slaves ... I mean employees who make minimum wage work at the grocery and clothing stores so we can buy a bunch of garbage! And then how would we get someone to throw that garbage away for us?... the system has us cornered on every end... because we have been DOMESTICATED like a DOG ...

The majority of funding actually comes from monetary money in places like the EU USA and China because of how strong the currency is but in smaller countries it's a mix of the both taxes and printed like in south east Asia and Africa

You are wrong. Markets care more about money. Governments are putting money into the economies...more people are dying...markets bounce up. Theyll go down when they want more money.

@@slgwdhhsbsnjs Yeah that's what I mean, the funding for times like now is with inflation and monetary measures that'll cost us in the long run.

@@Swift-mr5zi ohhh ok I think I get u now Inflation can actually be healthy for an economy in small amounts although the inflation rate rn isn't that healthy

@@slgwdhhsbsnjs Well I'm an Austrian economist so I believe that this stuff causes businesses cycles but in the case of an emergency I would permit it to a certain extent.

i pray for everyone

My wife ordered masks from amazon, made in China ...last week

Jay Esta. Fayza You get fired and your parents pensions evaporate. You: *don’t smile anymore*

Idiot, how will a pleb like yourself get a job? Will you be smiling then??

@@kadir9629 you really think a global depression that will affect billions of others will never affect you?

@@kadir9629 my friend, you probably work online for a company that serves other companies or people that server other companies or people...... and if some of those companies fail your company fails, thus you have no job. You: cries nonetheless

Dadiro people won’t be buying video games when they are broke

The old expression is that a recession is when my neighbour loses his job, depression is when I lose mine.

Ben fidar: You sound like an "intellectual" character from a Woody Allen movie.

@@ufosrus So, you are saying that the only thing that is important is money? Or that you disagree because you don't like my rhetoric? Either one would be kind of dumb. Or are you just trolling. Dumb too.

@@benfidar Youre still putting yourself and people as special. I don't think we are.

I agree

I’ve been learning about stocks now for about two days and I was curious. Why don’t you start buying stocks when everything is down before it goes up, just to get a head start ?

A diversified investment strategy is definitely the way to go there are stocks/forex tradings that are doing well even in these times and trading options is very essential right now for your portfolio. This is a time where you might wanna consider hiring the services of an experienced traders/ investment adviser. My trader who handles all trading portfolio ensures lucrative results, they are well diversified in order to minimize the risks and optimize profits, steady profits. I already received my monthly earnings last month and I’m sure this month won’t be be any different given the progress that has made so far on my portfolio account.

Discuss more with my portfolio manager Mr Charles Allen on the basic measures to take.

Here on what(app) +1-518-310-7285

What do we do

Cavius i think at some point governments are gonna have to decide to save the economy instead of saving people’s life’s

Asia Maria It’s “lives”

@@asialanzi5471 I don't think you understand what would happen if we don't lock down. The economy didn't boom during the plague.....

Cavius what is “this country”? America? The world is not America.

Asia Maria life come first.

John L. - Well May be, but never been that way yet in history, so what is the factual cause this time?

Gaël des Montagnes Noires please explain

@@danielrodriguezschrader2466 Inverted yeild curves indicate historically that a recession is 1 to 2 years down the road. Money folks know this; when it happened last spring, money people cashed in their options & shares to wait for a crash so they can buy tjem back & others @ a great discount. making them far more money when tje market values go back up.

Avoid buying Chinese products.

@@DipakBose-bq1vv absolutely

Sorry don't need any more tools got enuf

@@DipakBose-bq1vv avoid comments like urs

I think its just s****y behaviour by some stockbrokers and stocktraders. They keep buying and selling s****y trades and bonds that bring them money in the short term but lose most people money in the long term. They invest money in many politicians re-election campaigns so that the politicians "owed them a favour or two". Thats why the politicians don't properly regulate the stock market, allowing these crashes to take place.

Its part of the normal economic cycle with the current average pace, thats why its happening at such interval (decade). Bubble is not caused by just one person, but is the natural result of the always progressing capitalistic economy and is also economic's self correcting way of stabilizing the valuation of goods and services. For example, if a listed corporation drives for more profit and growth to increase its value in the eyes of investors and potential investors, then it could increase the selling price of its products or cut some major production costs (like moving the production line to a developing country with cheap labor). Increased profit in the company's book is reflected in the economy's GDP and increased govt tax revenue collection but the collateral damages in the economy to arrive at such profitable position, such as increased prices of goods and local unemployment proves to have more negative impact in the long-run such that when it reaches its saturation point (ie. absurd high cost of living, high debt ratio per individual, high unemployment rate and low per capita income), normally after around a decade or so, then the economy collapses via the "bubble burst" where the bloated valuation of financial products like stocks or bonds from these companies reveals to be worthless because the general consumer public is just poor and have no capacity to purchase goods and services causing many corporations to dwindle down or, worse, to declare bankruptcy. Rippling into further increase of the unemployment rates and overall economic downturn (as no one purchase something anymore).

@@knoxctry1569 r/im14andthisisdeep

Not quite happy times can still b there if one choose 2 but I must admit very 2 do they stole every body's smile would a smile of hope be found any where in the world right now

Blessings to you brother

Wherever you are count your blessings...many in a much more desperate situation in this calamity. Be strong be proactive

have you an alternative? In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.”

Gold and bitcoin ❤️

I can also see the economy firing back when this is done. Most recessions are from a bubble in the market. This one is only because we chose to stop to stop working. I think it will depend on how long this lasts.

david dave when you stop building houses everything grinds to a halt. Everything involved in construction transport, materials, production, design, inspection, maintenance. Lots of low paid workers are labourers. Teenagers who leave school get jobs as workman’s mates. The construction industry has a massive effect on the economy. Actually think about how many people are involved in that one trade over the US and the same for the uk. Spain don’t build houses look at the economy.

Invest in tech, AI, cannabis, travel, banks, airlines too big to go broke.

@@masyaf897 pharmaceuticals

One that takes into consideration the finantial security of the other millions I guess 😂😂

@@caliac or just the financial security of the top 10%. Cause a lot of people have been struggling even before this pandemic came a long...

@@pjhector6538 well, the top 10% are not the ones looting food in the South of Italy now... 😅

@@caliac Mass Looting happens because people lack better options in a society that does not cater for them. Lets hope for better days soon

@@pjhector6538 It happens because they cannot go out of their houses to work. Home arrest should have never been considered as an option, it's death for the working class.

Shhhhh ..... your not supposed to say that out load.

@@poodtang2104 I used my inside voice.

Stay strong you sir

@@TheIndieholic Agreed.

more people will die if economy falls

@@ricachuu633 and far more will die if we don't stay at home.

Neko Ricachuu nha bro, maybe you won’t afford next iPhone, but you are not gonna starve to death, at least in the west, better poor than dead

Life kills people

Andrew Song yes, but at least they gave a previously disadvantaged, gender non-specific Miley Cyrus fan a chance to write an article

Yes. Heavy on pathos light on detail. Could be something from bbc newsite.

No testing, no virus.

no news from north korea. period.

Big incentive to stay well because they shoot you if you get it.

They will be dying miserably beneath their lying despot

@@sren.matthiesen9270 Yes easy

Rodrigo Reston I had the same thought 🤣

Deus ex mankind divided

Diabolus ex machina

He used in exactly the wrong way. It means the opposite of what he said.

Exactly what I thought, I even looked up the meaning immediately after that.

The reporters are off sick

smart lad.

Ooooooh

It's not just bat. The virus is chimeric so you may have to eat pangolin and snake soup too.

The Chinese have been eating this type of food (maybe not in sandwiches) for thousands of years- and they're just starting to come out of it after 4 months.

@@anonUK This may not be the point of your comment, but still wanna point out the majority of Chinese doesn't eat bats. One video that were circulating and being critized in Chinese social media turned out to be filmed in Fiji Island. Just recently I get to know that bats are traditional food for people in North Sulawesi ID and some pacific island countries. Likewise they didn't get infected. So still unclear how this happened. However it probably relates to climate change and habitat destruction among globe. We may see more epidemic/pandemic coming.

export is less than 20% of Chinese GDP, investment is over 30%, and consumption is about the same. So if domestic economy picks up in China that's over 60%, which should qualify as "quick recovery". and with other countries still in lockdown, I think China will be able to recoup a lot of the manufacturing demand. But yours is a rare reasonable and intelligent comment, respect.

@@weepingcamel1 Thank you for you observation, I definetly see your point. My observation was based on coal consumption data in China of this year (and this period) compared to the same period in previous years. If you look to those data you'll see a big shrink, and I don't think this is imputable to a sudden shift of the energy mix in the whole country.

@@Vic4ful oh yea, factories were all closed, no doubt, but the video is talking about "recovery" :-) I'm thinking domestic demand is there, international demand... maybe 2 more months, baring any more black swans...

@@weepingcamel1 I hope you are right! Only time will tell.

@@weepingcamel1 I fear China will see significant resistance to it's goods after the governments reckless deceptions which have to be fair humbled the world

Every market economy is a "bubble economy"... prices are speculatively driven. Eugene Fama's Efficient Market Hypothesis explains this best... there was no bubble here, but Coronavirus was the pin to something.

What plan?

@@mig-29 the NWO or whatever these religous nut believe in.

@@Longmachao how does it feel to have your head in the sand? Idiot.

@@shihaong2220 Gold already did drop, now it is back up

Agreed. And how the " F " do governments ever expect to pay this money back ..... it's not free.

​@@poodtang2104 Yes it is free, this is because they just print it. No, in fact, these days they don't even need to print it, they simply enter some numbers into the computers at the FED and like magic it just appears in the accounts. Then it is transferred to the banks who lend it out to mugs with interest. And as long as the populace believes that it actually has some sort of value, then the Ponzi scheme continues and only fails if people lose confidence and refuse to accept it in exchange for goods and services.