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I think the Ukraine crisis is an attempt to get the oil price back up to pre covid19 price levels because its still too low, even Putin needs oil at $50/barrel
by Terry_Roll 5y ago
I think the Ukraine crisis is an attempt to get the oil price back up to pre covid19 price levels because its still too low, even Putin needs oil at $50/barrel + inflation since mid 00's when that figure was banded about.
I think it can become a self fulfilling prophecy, recessions dont stop people spending, you all need to eat/sleep but if the fear gets a grip, do more selling, go where there is no recession which could be abroad or across country, find out what companies profit massively and target their customers. Stock markets are good places to look for the most profitable.
There is plenty of money out there for everyone, its just not in your pocket!
To offset fear with customers, offer fixed term contracts, banks love contracts on paper like that, it helps for taking on more debt and if the inevitable occurs just make sure you go out with a massive bang where the banks have no chance of recovering the money.
Also worth diversifying, any new business or income streams can always be sold off in the future, pay attention to the news, demographics, find out where the money is. Alot of boomers have assets, younger generations dont, cater for the needs of those with money.
I dont think I've missed anything?
- kylehotchkiss 5y agoI never thought of the Ukraine thing being about oil prices but that’s a really interesting idea. USA has done plenty of unsavory things for oil in the past too, maybe more towards lowering the prices, but the world revolves around oil