Debts : You can borrow up to 10x your future earnings
Central bankers need to take note, you can afford to kick start your economy in a recession by following these rules :
Keep interest rates as low as possible.
Do not allow borrowings beyond 10x the person’s future earnings.
Create an expansion of credit up to 700% but must put into the right sectors.
Food security. Agriculture. Infrastructure. Automation. Machinery for production. Technology and Innovation to create higher productivity. So it is kickstarting businesses.
Micro Loans in home industries especially for woman.
Do not pump money in Real estate as it will create a bubble. Create affordable housing so that the poor got a roof over their head. Expand your rental markets.
Create jobs especially in industries of high growth. Retrain workers with skills that is relevant today and create great productivity.
Improve your education system by providing affordable trainning by online courses and certifications especially in areas of great growth.
The global economy will go into a technical recession for a period of 1 year with slow growth in many industries but I do not see it falling off a cliff. So if you take the necessary steps your pain will be short and you will jump start your domestic economy faster when the global economy recovers.
Now is the best time to start all your projects. Renewable energy, power grid, electric vehicles, autonomous cars, infrastructure for better roads, rail, air transport, etc due to the availability cheap credit, low costs, and businesses need to expand and compete in such an environment.
IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet ,
Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.
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