I have stated here previously that the stock market
leads the economy. I did say at one point that if/when the NSE 20 Share Index will have fallen sufficiently down then increasingly negative social actions would follow e.g
1. A fall in tax revenues
2. Increasingly violent clashes btw the public and the state and public and public.
3. More female leadership
4. Legislation to allow previously considered hard drugs e.g marijuana (a marijuana bill to regulate use of the drug is currently before parliament).
5. Wars/clashes both within the country(e.g. tribal) and with external forces.
6. Expect more retrenchments. In fact if you are employed then start to prepare for a situation in which you may lose or get reduced monthly income.
7. More debt defaults. If you have loans then repay them before it becomes increasingly difficult to make the monthly deductions. If you have no loans don't take any. The government itself will default on its loans.
8. Expect bank crises.
9. Keep hard currency - goes hand in hand with 8 above. Expect the government to start raiding your savings
etc
Flagging Revenue Performance Quote:The Treasury could be forced into steeper spending cuts than previously anticipated at the beginning of the year if it is to achieve the projected fiscal deficit of 5.7 percent by next June due to flagging revenue performance.
The government has already cut billions in the budget amidst tax rise.
Economic analysts at Commercial Bank of Africa (CBA) say in the latest weekly note that the shortfall of Sh60.5 billion in tax collections for the three months to September 2018 means the Treasury has a tight balancing act of cutting expenditure without harming the prospects of growth, with higher borrowing one of the options on the table.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.