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What's your thoughts about the worlds Economy situation?

boomy

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Sep 20, 2020
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The stock market is falling like never before, cryptocurrency is falling back to what they were 2 years ago, where will this go? Will we see the next financial recession now?

Gold is holding still strong, I'm happy I own a good portion of it. Cash is also holding it's value at some point, food, living etc has rised a little but not enough to hurt my cash holdings.

Will the next 6 months be a hell on the financial markets?
 
This is the result of artificially pumped up markets.
What most people do not understand is the snowball effect which we will experience soon: Weak hands get kicked out of the market and the selling pressure will become even stronger. For good traditional dividend paying stocks with a history of reliability that is no problem and at a certain point it might be attractive to buy from the weak hands.

For crypto it is Armageddon because there are only weak hands in it, specifically in Alt-Coins. What will make things worse: When the likes of Michael Saylor are forced to sell. Then you have the dot-com bubble NASDAQ situation of the early 2000's.
 
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Will the next 6 months be a hell on the financial markets?

No one knows. But if there are further interest rate hikes to combat inflation there will be a major problems. Once cheap money comes to an end expect an economic contraction. Expect more bankruptcies, redundancies and potentially a recession on both sides of the pond.

I hope this does not happen but prepare yourself and delay any major purchases for now.
 
The stock market is falling like never before

Panda Bear -- Oh No!.gif
 
I don't think we have to discuss dooms day already ;)
 

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