Wealthy are not loosing money, lower middle class and poor are loosing money

True but they are losing money due to inflation and bad quality of life controlled by the wealthy, imagine a frustrated person with million responsibility loses his job he ll have nothing left and this could happen in large scale making it a group of people if projects stop or slow down in today's world alot are going to either kill themselves or kill others for their living this is really scary the chaos will be unimaginable!!!

Business Development Manager

Software Developer

I always wonder how would people survive if a crisis hits so bad that the fortune 500's loose their money and organisations stop new projects  how would the

I always wonder how would people survive if a crisis hits so bad that the fortune 500's loose their money and organisations stop new projects  how would the government make revenue to keep the system going, how would people with low income living on the edge continue their life what would happen to the children of the future, a civil war can be foreseen but to what extend after living a life in a tech filled world no skills left in humans but depend on smart devices just imagining the worst of the times that might happen. Looking at the current condition i believe we are close to the age of chaos what do you think!!!

Is the recession real, are the wealthy losing money!!!

Is the recession real, are the wealthy losing money!!!- Grapevine

Welcome to News Discussion's Private Community

2001 was a Dot Com collapse.
2008 was a banking collapse that hit IT too.
This year first it was the Tech companies and now its the Banking, Financial Sector that is getting hit, making it the worst of all recessions.
And its expected to get worse with Fed likely to hike up interest rates.

Its like this year we are having the worst of both 2001 and 2008.

Tough times ahead

Software Engineer

https://www.timesnownews.com/bengaluru/bengaluru-frustrated-by-work-pressure-colleagues-hire-goons-to-beat-senior-up-5-arrested-article-109082101

👍

Corporate strategy

Welcome to Indian Startups's Private Community

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. 

India on the other hand is poised to become a great multi-trillion $ economy.

Onto something huge. We're talking like 10x growth of the economy here.

Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. 

Be the capitalist, take the risks, make bets, work and stack up promotions and money.

Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

Work hard and build in India 🇮🇳

Product Manager

Copied from reddit.
What do you guys think?

Current market condition. What say?

These days, I can't help but keep on thinking about post white collar labour economy and it's implication on our day to  day life.... 

We can keep on dwelling in our wishful cocoon but fact remains that world is going to be vastly different in 4-5 years vis a viz today... 

In that scenario, let's us discuss some scenario :
1. What will be impact on rental yields of tier  1 cities and consequently what will be overall impact on Indian real estate 
2. What would be impact on banking interest rates 
3. Where will you park your money in that scenario : Gold, Indian Equity , Big Tech Equity , FD, Real estate or Cash.. 

My opinion :
1. As high paying jobs for majority of people diminishes, Rental yields of tier 1 cities will come down thereby directly impacting real estate. This will result in huge NPA by those people who have taken loans for 20-30 years period. This will eventually bankrupt real estate developers thereby making real estate deflationary. 

2. We will begin to witness  overall a deflationary society where cost of services like Education, software, finance etc will drastically reduce. Moreover due to high NPAs,  banking interest rate will reduce. Home loans for tenure of 20-30 years will drastically reduce due to increased uncertainty. 

3. Gold has historically been inflation proof asset. However will it still be a good asset to invest into in a deflationary society?  What are things that will still hold value then? 

Don't you think current big techs will become East India Company of future indirectly controlling world's economy? 

I would love to know what do grapevine folks think about the same  !

Discussion about post white collar labour economics

Should we be worried about recession? 🥲 Add your thoughts

SEO Manager

If you really want to invest in real estate, buy plots and not flats at these inflated price

In 3-5 years, there are going to be insane default on home loans by those who believe their salary is going to be same to more than their current salary. A rude shocks awaits everyone

Welcome to Software Engineers's Private Community

Is the recession real, are the wealthy losing money!!!

Discover More

News Discussion on

by Lonewolfincyberia

Stealth

Tough times ahead

Memes on

by Borosil_Carrier

Stealth

👍

Indian Startups on

by Neo69

InMobi

Work hard and build in India 🇮🇳

Indian IT on

by Matru

Globallogic

Current market condition. What say?

News Discussion on

by AGIcoming

Google

Discussion about post white collar labour economics

Indian IT on

by rwnihal

Stealth

Should we be worried about recession? 🥲 Add your thoughts

News Discussion on

by AGIcoming

Google

In 3-5 years, there are going to be insane default on home loans by those who believe their salary is going to be same to more than their current salary. A rude shocks awaits everyone

Software Engineers on

by AGIcoming

Google

Now a days, my everyday routine is like 'Wake up and witness new breakthrough'. This time from Nvidia !