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Likely a serious recession or even an economic depression, judging from the economic knock on effect of lockdowns, whether involuntary or just people curtailing
by eloff 6y ago
Likely a serious recession or even an economic depression, judging from the economic knock on effect of lockdowns, whether involuntary or just people curtailing their spending and activities, that we have observed so far. 10-30% contractions in GDP in the second quarter, in dozens of countries.
I won't touch the market with a stick because it's going in the opposite direction to the economy. There has to be a correction coming. I know there aren't good alternatives, interest rates are so low, etc. But I still think there's a correction coming, that's my two cents.