There are a number of economic crises shaking global markets at this point. They are fairly complex and could be extended back as far as the shutdown in the wake of the global coronavirus pandemic. These shutdowns disrupted commodity chains and thus caused inflation to grow.
The war in Ukraine has also affected prices of key commodities. As flows of wheat and gas are disrupted, we are seeing prices rise. These are basic goods that have important effects on nearly every commodity, contributing even more to inflation.
With recent cuts to interest rates and predictions for slowed growth, many believe that we are entering a recession and stock markets are slowing. Here is a global roundup and some tips to make it through the bear market.
How is the Bombay Stock Exchange Doing
The Bombay Stock Exchange is the eighth largest stock exchange in the world. The Indian National Stock Exchange is also the ninth largest, making India a heavy hitter in global financial markets. There is plenty of money to be made or lost in these stock exchanges. It is tough to make money in a bear market, but could be used as a moment to position yourself for the bull market.
The Indian Railway Catering and Tourism Corporation Limited is a public sector enterprise, and has fallen 15% over the last year. Despite this drop, they still have 25% on the market of catering on the Indian Railways.
Looking at this drip, it could be a good time to buy the dip. It’s a good idea to buy low, if you can be sure it will go high eventually, and if you have the time to wait for it to come back up. The Indian Railroads are not going away any time soon, so it is at least worth considering picking up while it is cheap.
Surviving the Arabian Stock Slump
The Saudi Stock Exchange, the Tadawul, has also been experiencing problems. It seems like no stock exchange is truly safe at the moment. Following three straight months of negative numbers in the Arab world’s largest stock exchange, it is another corner that is looking increasingly grim. If you have money in the Arab world the Saudi Stock Exchange is not a good place to put it. So where?
One alternative to the Tadawul is trying your luck with online games, but it is important to do it right. This guide to online casinos in the UAE will show you where to sign up with the best bonuses and odds, so you can make the best decisions with the money you had in the stock market. They also take into account security, deposit methods, and mobile compatibility. No matter which of the casino games, such as poker or roulette, you play, they will have a good recommendation for you.
If you are taking out money from the bear market, which seems like a 100% chance of falling, on these sites, you will have better chances than that! This is just one potential strategy for moving your money and surviving this global bear market, which looks likely to stay with us for several more months at least.
Two Largest Stock Exchanges Fall
The two largest stock exchanges, by far, both based in New York City. The New York Stock Exchange and Nasdaq are number one and number two, respectively. And they have taken heavy hits recently, as the federal reserve continues to raise interest rates.
The bear market has now lasted months, and many fear it will continue to shrink through 2023. There was some hope of a soft landing following the high levels of inflation, but it looks increasingly like there will be a recession at the tail end of this inflation.
Cryptos Are Not the Refuge We Once Thought
For many years, people thought that cryptocurrencies would be the place to store your capital when inflation hit fit currencies. Because Bitcoin has a fixed and limited supply, many theorized it would be deflationary. However, that has not been the case during this run of inflation.
In these months, the value of Bitcoin has fallen to lows not seen in years. And this is even compared to a devaluing dollar. In other words, it has inflated at a higher rate than the dollar, despite not increasing its supply at the same rate as the dollar. In other words, cryptocurrencies do not seem like a viable refuge during inflationary bear markets at all. We may need other strategies to keep our money safe during these times.