Recession and the Upside

Due to the coronavirus, oil output, general stupidity on the part of governments regarding their levels of debt, private companies borrowing too much and whatever else; we are now in a worldwide recession. This will likely last the entire year. People are going to lose their jobs, they don't deserve to but companies, especially large companies, will use this event to shed staff. It's going to get worse before it gets better, let's put it that way.

Is there an upside to any of this, apart from the obvious, plenty of bargains for the cashed up investor. The main upside is all of these silly Green initiatives are toast. I'm talking about all those things the taxpayer funds, whether it is kerbside recycling or electric vehicles. Consumers are not going to be spending, they'll have to take the cheapest and most efficient option, out goes so-called Green. Green is not really Green I hope you realise, the whole thing is an exercise in fleecing you, me and everyone else. The only people who win are the crooks coming up with their silly ideas.

In the not too distant future, soon after the airlines get their bailouts (I hate to say it, they likely will get their bailouts), the Green companies will be crying to survive. Don't let them get access to your hard earned dollar.