Young Entrepreneur Hasnae Taleb is Expecting a “Global Financial Crisis by the Q3 of 2020”
We have interviewed Hasnae Taleb who is the a dynamic entrepreneur, financial analyst, shareholder and stock trader about her intakes regarding the current situation, her answers were suprising.
While my mom is freaking out about the cornavirus as if it’s the end world, I’ve been paying attention to the effect it has on the economy, she said.
On average, an economic recession happens every 8–10 years. As we all know, the last time it happened was back in 2008. It is now 2020, yet we have been calling for recession in the last few years and the coronavirus is the final tipping point. We are expecting the majority of online businesses to surpass the recession, but in so much regret for many brick and mortar business owners, she added.
Most small businesses cannot survive without cashflow for a month or two, and we are hoping that the best case scenario for everything to start getting back to normal is AT LEAST 2 months from now and that’s the best case scenario, while scientists suggest that we might have to stay quarantined until we have a vaccine and that’s over a year from now.
U.S. Private Sector Job Quality Index estimates that 37 million domestic jobs are vulnerable to layoffs, and that’s only in the United States of America.
In other words, “it is already too late to prepare for a recession now if you have not done so as we are already in a recession and it is happening globally. This might be much more worse that what happened in 2008. In the Great Recession, air travel did not come to a halt, borders were not being closed, we were not talking about quarantines and social distancing”, she said.
“Instead of being fearful and hoping the government will do something to save you, take the initiative to save yourself. Instead of hoarding toilet papers or “Netflix and popcorn” at home, do yourself a favor by using this time to educate yourself and widen your skill-set, so that you can save yourself and your family from Financial Struggles in the coming months”, she advised.
About Hasnae Taleb
Hasnae Taleb is dynamic entrepreneur, shareholder, investor, financial analyst and stock trader. Hasnae was fortunate enough to become a millionaire by the age of 23 and a multi-millionaire 2 years later right around the same time she could legally drink and trade in the Nasdaq, NYSE markets among others. Nominated as “The Youngest Self-made Millionaire” in FL by TheRichest and the Best Trader in the NYSE And Nasdaq Markets of the year 2013 by The Wall Street. As a self-proclaimed “Eco-preneur,” Hasnae looks hardest for investments that make money — and are environmentally friendly. When she’s not squeezing the market from her office, she travels the world looking for new opportunities to deploy her capital. She is on the investment committee and member of the American Chamber of Commerce, and the managing director of STX Entrainment MENA.
