I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.
So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )
Yes, the recession in the global economy should have come a long time ago.
Oddly enough, the onset of the recession was delayed by the Covid-19 coronavirus pandemic.
All assets in the world are highly overvalued. State institutions are very imperfect. Global supply chains are broken. Technological progress has slowed down. The world is short of new ideas. We need a leader who will be able to unite all earthlings and set global goals for them. For example, to populate Mars or achieve immortality through the development of medical technology.
Perhaps the next President of the United States will be Elon Musk and he will be able to bring the world economy out of recession.