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 ?
( That aside there are countries which are in worse condition as compared to US and do need more exposure and education, but most of these countries are holding US stocks so if the US market falls they will have considerable problems )
The pandimic hit the world very hard, and almost all major countries' economies are damaged.
However, BTC value are going up starting from late January this year. It's always a good idea to keep some BTCs with you.
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