Global downturn has very much already started but its going to get a lot worse over the next year or so IMO.
People have had it so good for song long that I think a lot of people are going to struggle to adapt to their budgets being massively squeezed and a lot of people simply won't adapt or can't. Companies will do what they always do and protect profits over people so it could get real nasty. Personally I am staying out of the markets for a little while.
Yup, just look at the state of the markets today, when compared to some of them mid covid. Tesla hitting $700 after a peak of $1300, Nio hitting $12 after a peak of $56. Coinbase a $320 stock and now $46. the last 2 years has been insane and this correction could be the start of a crash, we might even be in the start of one.