Recession is in again, let us be careful
No one knows for sure whether we will have a repeat of 2002 or 2008. A global recession is now in the making if one were to believe the predictions put out by so many world-class expert economists. If one sees the massive traffic on the roads or the crowds in the malls, one would tend to think that there is no problem.However, there is more to this than meets the eye. The recession starts when people are reluctant to spend money or spend far less than is normal, or when savings go up and spending comes down, or when people invest all their money in one sector like real estate but spend less everywhere else, including terminating their humble housemaids or servants. Informed sources indicate that a global giant such as Amazon is seeing far fewer orders than ever before. We might soon see the 20% extra business being played out everywhere, to boost sales.
The only option is to use two fans, the ceiling fan, and the pedestal fan, and cut down on AC expenses to save money. To travel by metro and avoid car travel. Or pool car expenses. Only such measures, combined with setting up roof gardens for vegetables, and so on, will save us now.
Today is not the time for those in the 60-plus age group to invest in gold, as every penny served can be useful during the rainy days.