Like how did they make money by predicting it ? what was the strategy?
In: Economics
Answer: Many people are not financially affected by a downturn, and they still have jobs, incomes and money in the bank. The best time to buy anything is during such a crisis. It’s generally a great time to buy real estate and stocks at a big discount. Interest rates usually drop drastically during such a crisis, so its an opportune time to take a loan or refinance a house. Cars are sold at a heavy discount. Contractors bid much less for jobs in order to keep working.
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