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silisili

First, to answer your question, the best plan is to stash away tons of liquid capital. In this environment, cash.

Secondly, I don't think we need to worry yet. We're seeing layoffs, but layed off people getting hired very quickly.

Thirdly, in such an environment, don't be so picky. Doesn't matter if it's yucky if it pays the bills.

Lastly, quit watching layoffs.fyi. Like most media it's by design only bad news. Breathe. Everything will be ok.

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The company I used to work for had huge layoffs. I found out about it a few weeks after the face, and by then everyone had been hired or had successfully gone independent consultant.

I wanted to help but it was too late. Felt kind of bad, then I realized that was a dumb thing to feel.

> First, to answer your question, the best plan is to stash away tons of liquid capital. In this environment, cash.

USD Inflation has been pretty high recently. Perhaps keep your cash in some other currency?

What would you recommend?

Living in EU I was thinking to diversify cash to USD.

Do you recommend any other currency?

Yen might work as it has lost a lot of value recently due to loose fiscal policy. There’s signs that they may have to tighten but it doesn’t 100% mean that yen will go up, just a hope really.

Interestingly, Yen hasn't had much inflation. But still lost money compared to eg USD.

Inflation is high around the world. I had considered at one point getting ahead of it and putting some into other currencies, but the ones I checked inflated above USD even.

Japan has pretty low inflation.

The Yen has fallen like 30% against the dollar over the last 3 years. That would be quite the haircut...

No argument from me there. I was just making the narrow point that consumer prices in Japan have seen only modest inflation.

That's really interesting. I'd noticed a lot of countries just kind of seem to peg against the dollar and prices rise similarly.

So how does that work in Japan? I'm guessing by necessity imports have inflated. But perhaps domestic stuff has not? IE a loaf of bread is still worth X yen, even though globally X yen has become a lesser amount?

What you should be concerned about is future inflation. Past inflation is already accounted for, you can't avoid that. I think in the future, if the FED keeps its tightening policy, we are not going to see much inflation or the reverse: prices going down. We are already seeing some of that effect in the stock and crypto markets.

Yes, I was simplifying a bit, and assuming that inflation has a bit of momentum. That's not necessarily true.

Btw financial asset prices are more about NGDP growth, than about straight up inflation. Of course, NGDP growth has been too high, too.

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