I read numerous articles since the wake of pandemic , articles where people stated how US is excessively printing money , how it's all a bubble and Burst one day. On June 8,2020
The US declared that they are in recession- officially
https://www.bbc.com/news/business-52972901_*_
The author states how it can very easily fall into a more claustrophobic event , causing depression. Now we are approximately 3 months away from the official declaration of the recession , let us examine if it indeed is improving or going down.
-Fed is backing up the economy by trying to put zero interest rates
-US budget deficit is now 3 trillion $
-employment rates are falling down below 10%.
-President is trying to solve some of the problems here but unfortunately the situation is far more problematic.
-People are betting on dollar collapsing
What do you guys think will happen to the US ? Will the recession continue to worsen ?