speaking of recession

early this month I wrote this

possibility in Indonesia
- IDR inflation will continue to rise until early 2027, automatically the price of goods will increase (but Indonesia should still be safe)
- Recession is in sight, most likely much worse than 2008 (in other countries)
- Likely to occur in late 2024-2027 in Indonesia (Globally it could be until 2028)

Anticipation:
- DO NOT TAKE DEBT, if you have debt, pay it off as soon as possible
- Money Management FOCUS DEFENSIVE
- If you want to start a business, focus on basic needs
- Start property? (definitely lots of discounts) but only cash
- Land? (definitely lots of discounts) but only cash
- Gold? (prices will increase, could be 50%)
- Control lifestyle, reduce spending

After 2027
- IDR inflation decreases
- You can start taking stock (only blue chip)
- Property prices start to rise

Just a matter of discourse, whether it happens or not, hopefully you have anticipated the worst case scenario 😊