The Financial and Economic Impact of Covid-19

The Financial and Economic Impact of Covid-19

In April, just after governments of major countries started printing money to support their citizens and their economies against the crippling impact of Covid-19, I wrote about my concerns for what economic impact this will have in the future in an article titled, "Will the printing of Covid-19 'Helicopter Money'​ lead to Hyperinflation later?". This collection follows the financial and economic impact of Covid-19. By being aware of what the future could hold can help us better prepare against eventualities and spot opportunities when they present themselves. 

Covid-19, the Near Future and You (Part III)

Marquez Comelab, Trading Adventures | Posted: 24th Nov 2020 | Source: 24th Nov 2020 | Bitcoin, Trading Signals, Cryptocurrencies, Trading & Investing, Business, Economics, Technology, News & Current Affairs

In this video, we complete our discussion on the impact of the Covid-19 pandemic, how it is affecting the job market, businesses and industries. What trend has it triggered in how people make their living and we highlight how technology, like the Internet, Bitcoin and cryptocurrencies can and may help us.

In this video, we complete our discussion on the impact of the Covid-19 pandemic, how it is affecting the job market, businesses and industries. What trend has it triggered in how people make their living and we highlight how technology, like the Internet, Bitcoin and cryptocurrencies can and may help us.

Covid 19, The Near Future and You (Part II)

Trading Adventures, Marquez Comelab | Posted: 1st Nov 2020 | Source: 1st Nov 2020 | Bitcoin, Trading Signals, Cryptocurrencies

Times seem bleak as we face the second wave of the Covid-19 pandemic and retreat to our homes in lockdown. In the past, people had gone through something similar.

In this video, I share with you an inspiring story of a town called Eyam and the sacrifice they made to quarantine themselves during an epidemic to stop the spread of the Bubonic Plague spreading across England in 1665 and 1666.

We also find out that Isaac Newton used his time in lockdown to do science. After only about a year in isolation, he had written three papers on calculus, solved the mystery of colours and light and came up with his theory of gravity which changed the world.

If you are feeling lost or demotivated while in lockdown, I hope these two stories can help remind you that perhaps, days in lockdown and isolation present opportunities to build, create or learn.

Covid 19, The Near Future and You - The circumstances we need to prepare for

Marquez Comelab | Posted: 18th Oct 2020 | Source: 18th Oct 2020 | Bitcoin, Trading Signals, Cryptocurrencies, Trading & Investing, Business, Economics

Summer is over, and winter is coming. Covid-19 cases and deaths are rising at an alarming rate. The UK, France, the Netherlands and Belgium and other European nations are tightening their measures to prepare for the second wave of the Coronavirus pandemic.

Hospital beds are filling up, and governments are straining to support businesses and industries as well as the millions who have been laid off or cannot work. We discuss in more detail the events that are likely to await us: the circumstances for which we ought to prepare.

Ray Dalio Says 'Inflation Is Coming' - How To Prepare

Finance Fix, Ray Dalio | Posted: 15th Aug 2020 | Source: 15th Aug 2020 | Bitcoin, Cryptocurrencies, Trading & Investing, Economics

I wrote about my concerns for inflation a few months ago. The printing of money, as necessary as it may seem to be in the short-term, has long-term ramifications. Ray Dalio explains these concerns further. Wealth is not destroyed, rather it is transferred to another asset, to another country, etc. This is why investing or trading in other assets like real-estate, gold, silver, Bitcoin SV and other cryptocurrencies. The more diverse your portfolio is, the better.

Industries most and least impacted by COVID-19

Yahoo Finance | Posted: 3rd Jul 2020 | Source: 1st Jul 2020 | Trading & Investing, Business, Economics, News & Current Affairs

Industries that are doing relatively well during Covid-19 in the US (but still an indicator for potential trends in other countries):

  • Vacation rentals are rising — people want to rent places nearby, driveable, to avoid having to travel by air or train. 
  • Sporting goods
  • Luxury goods are recovered quickly
  • Many e-Commerce businesses are doing relatively well

Companies reacted three ways when Covid-19 kicked in:

  • Those who cut investments in eCommerce
  • Those who took a wait-and-see approach
  • Those who increased investments in eCommerce <-- naturally these have a fighting chance in surviving the pandemic

 

How the Pandemic Is Changing Our Commute

Wall Street Journal | Posted: 1st Jul 2020 | Source: 29th Jun 2020 | Business, Economics, Technology, Science, News & Current Affairs

Covid-19 is forcing travel to change. This video discusses the future of Public Transport: Trains, buses and trams. 

Covid-19: is working from home really the new normal?

The Economist | Posted: 1st Jul 2020 | Source: 25th Jun 2020 | Business, Economics, Technology, News & Current Affairs

Description: "The covid-19 pandemic has accelerated a shift towards remote working. This could affect not just people’s working lives, but the shape of cities, gender equality and even how we measure time."

It took a pandemic for us to really take advantage of what the internet brings into our working lives. 

 

It could take years before there is a vaccine for Covid-19, or there will never be one

Marquez Comelab | Posted: 23rd Jun 2020 | Trading & Investing, Business, News & Current Affairs

Many of us are sort of holding out hope for when a vaccine will eventually be made and expect that things will get back to normal. However, there is a good chance that a vaccine for Covid-19 may take longer than the 18 months we often hear mentioned by optimistic immunologists. It may take years, or it may never happen at all.

The Spanish Flu took three years. That was at a time when it would have been harder for people to social distance and isolate themselves because they had to go out and do everything physically. We can do a lot of things online now. We can work, shop, entertain ourselves and catch up with friends and family online.

We might have to prepare for a life filled with frequent lockdowns, at least in the next few years. Which businesses will fail and which will survive? What skills and talents will the world need? What adjustments will you make in your work, career, business or investments?

Related video: What if a COVID-19 Vaccine Is Never Developed?

What if a COVID-19 Vaccine Is Never Developed?

The Infographics Show | Posted: 23rd Jun 2020 | Source: 18th Jun 2020 | Economics, News & Current Affairs

"The Coronavirus Pandemic is still in full force and scientists and researchers are doing whatever they can to develop a vaccine, but in today's video we are going to take a look at a bleak scenario in which a vaccine for Covid-19 is NEVER developed. What would the world be like without a vaccine for this deadly disease?"

Why is the stock market going up?! Anthony "Pomp" Pompliano explains

Anthony Pompliano | Posted: 21st Jun 2020 | Source: 21st Jun 2020 | Bitcoin, Trading & Investing, Business, Economics, News & Current Affairs

Description on the video: "Anthony 'Pomp' Pompliano explains how central bank actions from the Federal Reserve is devaluing the US dollar, while also pumping asset prices up. He goes into detail about what is happening, why Wall Street is confused, and what you can do at home to benefit."

Comment:

I posted this here because he, an American, shares the concerns that I, an outsider, have of Trump's printing of money, especially after he fired the official who was supposed to oversee how the funds are to be distributed. Trump's government have not been transparent enough. One crucial aspect of printing money is transparency. When the government prints money, it siphons a percentage of the value of everyone's money into their pockets. This is okay if they re-distribute the printed money to where it is needed most. But if they are not disclosing how that money is distributed, then we can presume they are doing something with the money that they — the government — do not want their citizens to know. 

This event — Trump's printing of money — could well be a live example of why people should protect at least a portion of the value of their wealth by buying Bitcoin. 

Interesting points on potential opportunities and trends:

  • Trend towards working from home, people working digitally. This is driving people away from big cities since all they need is a device connected to the Internet to work, without the high rent and high cost of living. 
  • Digital portals to interact with people to work remotely with everyone. 
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