Home Business Business is definitely not slowing down in the West

Business is definitely not slowing down in the West

Business is definitely not slowing down in the West

“Missing the bottom on the way up will cost you nothing. It misses the summit on the way down which is always expensive. Peter Lynch

Image by Edward Harris
Harris on the Loose by Edward Harris

There is no slowdown in global business activity, especially in the West. Putin’s threat to use nuclear weapons in the Russia-Ukraine war, which is likely to dominate discussions at the UN General Assembly meeting currently underway, cannot slow things down world. Neither rumors of a market crash will cause a downturn.

Many investors are literally praying for a CRASH so that there can be some fairness in the distribution of wealth where the little man can have an opportunity to play in the big man’s game. Those who today can only sit on the sidelines and want a piece of the pie will have their moment in the sun and live the principle promoted by Warren Buffet “Buy when stocks are low and sell when they are high”. This is the only sure way to make money in the stock market.

I predicted that cryptocurrency investors were going to be surprised and Bitcoin would stabilize at around $20,000.00 per coin. I’m not doing badly on that one; As I write this column, Bitcoin is now hovering between $19,000.00 and $23,000.00. However, with the much-vaunted CRASH imminent, where will investors put their money when they start to panic? The governments of the world follow this one. The creators of the cryptocurrency are leading, but there is good news. The biggest fear in the Crypto space is the lack of government oversight. As a result, many people lost large sums.

The Biden administration is following through on the stance taken in March of this year when it called for more research. The administration announced a regulatory framework for the crypto industry. The next step will be to implement actual regulations, which will take some time. The government of the United States of America seems determined to create a digital currency. Companies that have failed to live up to the hype of high performance will be left out, with investors falling with them. It is reality. Those who refused to enter the crypto market at $60,000.00 in hopes of it reaching $100,000.00, can now enter the space with reasonable expectations.

I love Ethereum, the blockchain that hosts ether, and which is the second largest cryptocurrency in the world, has finally completed its highly anticipated “Merge” upgrade. Unlike Bitcoin, Ethereum is more than a currency; it is a programmable blockchain that finds application in many areas, including DeFi (Decentralized Finance), Smart Contracts, and NFT. This coin is now at US$1,255.21 as of 9/22/22.

Beware of scammers; they come to us with a vengeance. Hang on to your wallets/purses; be extremely careful when responding to offers of help for FREE MONEY. Do not share your personal information with people you do not know. You have to be extremely careful.

President Biden is ready to say goodbye to the COVID 19 pandemic but the virus is still present although some may argue that the discomfort is much reduced and now looks a lot like the regular flu. I like the feeling of freedom, where I can enter banks and other places of business without a mask. However, I continue to err on the side of caution and strongly suggest you do the same. My mask is always in my shirt pocket and whenever I don’t feel comfortable in the environment I find myself in, I put my mask on. Life is precious and I will do everything to preserve it.

Even in the midst of a crisis, there is always something to lift our spirits. It was exciting news to learn that any wealthy person can own a room on a luxury cruise ship and live on the open sea. The Hustle 9/15/22 said the cheapest option is a small studio with a Murphy bed for 1 million US dollars. I will definitely be playing MEGA MILLIONS Lotto every week from now on. After two wonderful cruises, my dream is to live on a cruise ship.

Stay safe, see you next week. Blessings!

Edward Harris
Freelance journalist/real estate agent/business consultant
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E-mail: eaharrisdestiny@gmail.com Join My Mail Community
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