how to survive the incoming economic crisis (ebook) allen chan 9781483506951
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  • Formato: EPUB - DRM
  • Editoral: BOOKBABY
  • Lengua: INGLÉS
  • ISBN: 9781483506951
The aim of this book is to help you understand the impact of economic crisis and teach you on how to equip with skills to survive and grow your wealth by making wise investments The world is going through series of financial bubble bursts that started when housing industry in the United States collapsed in 2008.The United States, the worlds largest economy went from being stable to critical. A lot of people lost not just their jobs but also their houses and other properties worth millions of dollars. Although the United States is making small progress, it is not enough to say that the worlds largest economy is finally free from recession. GDP growth remains mediocre and unemployment rate remains depressing. This is despite the fact that Federal Reserves have been pumping trillion of dollars into the system in helping contain the problem, it only delays the inevitable. This may resulted to new crises: rising inflation and government debt. With disappointing economic news and with the debt ceiling being increased every year, many believe that the 2008 economic crisis isnt over. Unless leaders of great countries do something radical and take extremely effective measures, this financial crisis will undoubtedly lead to deflation, great depression, and great transfer for wealth. Sentiments in Japan also continue to weigh in. Japans Prime Minister Shinzo Abe have recently instructed Japans central bank to print more money. The move, which is known as monetary easing, aims to make the Yen cheaper and the interest rate lower. A cheaper yen is expected to make Japanese goods less expensive in the international market. However, Japan faces the risk of starting a currency crisis that is usually caused by decline in the value of Yen. If Japans government fails to take the proper course of action, the world may face the inevitable currency crisis as early as next year.

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