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>This is the first time we've seen a crypto cycle coincide with a broader economic downturn. Unemployment in the US is currently at its lowest level in 50 year
by noelsusman 4y ago
>This is the first time we've seen a crypto cycle coincide with a broader economic downturn.
Unemployment in the US is currently at its lowest level in 50 years. What economic downturn are they referring to?
- za3faran 4y agoHigh inflation, stock market, etc.
- noelsusman 4y agoNeither of which has caused an economic downturn yet. The economy is doing just fine. Tech companies laying people off because money isn't free anymore is not an economic downturn.
- alfalfasprout 4y agoNot sure what blanket you're hiding under but just because unemployment is low doesn't mean the economy is fine. Many companies are seeing a slowdown thanks to inflationary pressures in consumers. The stock market just tends to drop before earnings consistently drop and recover before earnings consistently recover. High inflation necessitating high interest rates is not a healthy economy.