The crisis generations

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The crisis generations: by Youssef Chamoun 27-6-2022

"When the cost of goods and services increases significantly without a corresponding increase in wages for the general population, it becomes evident that everything is affected negatively."

So that's what I'm saying!

"When global interest rates rise, inflation tends to increase as well, which can have negative impacts on our economy. This can affect various areas such as real estate, commodities, the stock market, and cryptocurrency, leading to business closures and a rise in the value of the dollar. In turn, this can result in high costs for oil and other goods, contributing to overall high inflation. For the average person, tighter financial conditions mean that loans will cost significantly more than before, creating financial strain."

So, I need to ask you a question here?

Does your salary cover the price of necessities like food?



Answer

You may feel like you're worse off when inflation hits, and you'll find that you can only afford to meet some of your needs. You might be wondering what you can do about it. One common suggestion is to invest, but that's not always feasible if you don't have enough money to cover your basic expenses.

So, what is the solution to inflation? There are a few strategies that can help to curb inflation, such as increasing interest rates or reducing government spending. However, there is no simple fix, and it often requires a combination of measures. It's important to stay informed and make wise financial decisions to protect your assets during times of inflation.

SUGGESTION: STOP OVER-CONSUMING AND START PRODUCING

Location: Beirut, Lebanon

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