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5 tips to hit the market this holiday season

by SuperiorInvest

These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has even surpassed 2020 levels, with interest rates charged by banks only slightly higher than those seen leading up to the post-2000 dot-com crash. And yet the labor force participation rate—or share of the population , which is able to work and is working – still has not recovered to pre-pandemic levels. In addition, inflation – as measured by the consumer price index – has risen sharply in the past few years.

Economic forecasts indicate that greater economic turbulence is ahead. The United States has been in a recession, and that recession is expected to continue, with the conference committee forecasting a further decrease in gross domestic product (GDP) by 0.5% in the 4th quarter of this year. It also predicts that the recession will continue until at least the 2nd quarter of 2023. This was before the collapse of the crypto trading platform FTX, which had a profound impact on investment portfolios and non-crypto companies. Other more optimistic forecasts, such as those by the Federal Reserve Bank of Philadelphia and S&P Global, are hardly positive for 2023. 0.7% and 0.2%respectively

Consumer debt and interest rates in the United States, 1995–2020. Source: Federal Reserve St. Louis
Labor force participation in the United States, 1950-2020. Source: US Bureau of Labor Statistics
Consumer Price Index, 2011-2022. Source: Federal Reserve St. Louis

These macroeconomic indicators are also common outside the US. Many – even the International Monetary Fund – do pointed an increase in inflation due to higher energy prices in Europe, which is one factor, among others, that contributes to the fact that the European Union recently forecast almost zero GDP growth throughout 2023. This is beyond its already long-standing demographic situation call that there are too many people aging out of the workforce and not enough new entrants, which is terrible Impacts for GDP growth.

Related: The market isn’t going to pick up any time soon — so get used to the dark times

While these macroeconomic fundamentals are out of your control, there is still a lot within your control. We have to remember that we have a lot of freedom in our lives and we don’t have to get dragged into an economic collapse just because it might happen to the aggregate economy – we can still thrive individually during a famine.

Here are five tips to do just that.

Optimize waiting. Make the most of your time each day, which may mean picking up a new skill or doing freelance work that expands your broader skill set. Especially with the advent of artificial intelligence and automation, some tasks are becoming obsolete and other new creative opportunities are emerging – and you can take advantage of this trend by acquiring the skills to perform these tasks. There is a significant mismatch between demand and supply in certain parts of the job market, such as artificial intelligence and cyber security, so consider using a new skill that you can tap into.

Think and take stock. It is all too easy to look at the circumstances we find ourselves in personally or as a society and worry, but take stock of what is going right and what you are thankful for. The holidays are a particularly good opportunity to do this. By putting your circumstances into perspective, you avoid a lot of mental rabbit holes that can cause you more anxiety and disappointment, which unfortunately only exacerbates the challenging circumstances. Even when circumstances look bleak, remember what you have and what you’ve been through – it will inspire you to keep going.

Expand your network. Building relationships is part of the adventure we are on. Focus on people as real human beings rather than potential doors of opportunity. People really are doors, but dealing with people in a transactional way will distort your outlook on life and end up closing those doors because people don’t like to be treated like vending machines. (Would you like it if people only talked to you based on what you could give them?)

Related: 5 reasons why 2023 will be tough for global markets

Cherish the small wins. We often focus on big and flashy goals or aspirations, but overlook what is immediately in front of us. We have way more agencies than we give credit for! Whether it’s taking care of your property or writing an excellent report at work, demonstrating excellence in everything you do creates many more possibilities in the long run that lead to truly fulfilling and fruitful career opportunities.

Always set aside a portion of your earnings for savings. Consider his investment in structurally sound digital assets. There is no substitute for setting aside resources each month, whether crypto or fiat, that you can draw on when you need it most. There will always be an element of unpredictability in the world, so think of these savings as your insurance against a market downturn. Even though cryptocurrencies have been in winter, all assets have been struggling as the entire market is in the doldrums. However, the future of major tokens such as Bitcoin (BTC) and Ether (ETH) remains bright and it is only a matter of time before it rebounds. Additionally, as governments become more volatile and inflation continues to rise, cryptocurrencies can be a useful hedging and diversification strategy.

Don’t despair even when the economy is faltering. You and your household can still prosper!

Christos A. Makridis is a research affiliate at Stanford University and Columbia Business School, and the chief technology officer and co-founder of Living Opera, a Web3 multimedia art-tech startup. He holds a doctorate in economics and management and engineering from Stanford University.

This article is for general informational purposes and is not intended and should not be construed as legal or investment advice. The views, thoughts and opinions expressed herein are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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