The United States will be in a recession. The question is, will this be a 1987 type of recession or a 2008/2009 type of recession.
North Dakota and Texas won't have oil jobs anymore with how low the price is now.
You know, sometimes I think we should have also a shale gas obituary, just like we have with bitcoin.
I've so many times that the shale sector is going to die that I'm actually bored of it, it has died in 2014, in 2016 in 2018...but it seems it's more resistant that this damn virus.
And even if the price forces companies to stop drilling once the prices go up there will be more drillers again.
Hean, shale gas alone won't trigger a recession, cheap gas prices have always helped Americans, what is going to affect us all is the economic slowdown.
This definitely didn't help bitcoin or gold in the short term but mid-term as in 6 months to 12 months should.
And seriously, whoever thinks that this is good for us, let's cheer for
BTC!!! needs to follow Jimmy Hoffa.
Around here (Europe) things are still calm but companies are slowly reducing staff, commerce is down, two-car factories shut down, for a while there will be money, in the long run, god knows...and no...this won't be god for bitcoin. It won't be good for the dollar, for the yen for anybody
If the US enters a recession everybody will follow, from China to Argentina and Iceland to New Zeeland, and the worst hit will be those that can't afford to pay even a 1sat tx, let alone buy some bitcoins.