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I think the Bitcoin variable sits separately to the others. That IMO is still purely speculative investment and not indicative to market strenght. E.g. I know m
by Gustomaximus 8y ago
I think the Bitcoin variable sits separately to the others. That IMO is still purely speculative investment and not indicative to market strenght. E.g. I know more people that invested in it than use it with any form of regularity. This seems a pattern beyond my circle.
But greater recession... we seem due for downturn. And don't have the benefit of booming developing nations to help skip the cycle this time. Monetary policy is largely maxed out. And politicians these days seems reluctant to use fiscal policy if it involves increasing taxes to create 'trickle up'. This combined with massive government leverage at so many levels and regions, I think it's fair to say a resession, and our options to soften the severity or length, seem likely both in event and to be drawn out.
....but who knows maybe we can do more and more quantative easing amd go into negative interest rates... Or something totally new...