Jun 27, 2022
Summary:
There’s a major storm hitting financial markets across the globe.
How do you use this as an opportunity rather than fearing it? I sit
down and chat with Mariusz Skonieczny, and we focus on the
destruction that needs to happen in order for the economy to ever
be able to heal. Trying to indefinitely put off economic pain never
works. At the end of the day, we have to face things like recession
to move forward, which entails fixing the supply chain and lowering
prices. Tune in for more insight.
Highlights:
-This looks like a genuine bear market—many people out there
investing have never experienced a bear
-It’s a matter of who is going to survive the storm
-We’re experiencing creative destruction; recessions often cleanse
the economy, allowing it to heal
-Trying to put off economic pain indefinitely never works
-As the economy has progressed, there seems to be a belief that we
can prevent recessions, but these are inevitable
-Look for companies that provide a solution and are useful to
society
-The economy has to re-allocate its resources so that we can solve
supply chain disruptions and stop price increases
Useful Links:
Financial Survival Network
Mariusz Skonieczny YouTube