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While we were sleeping...
8 years ago by themaestro (51)
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they also revised April jobs lower. Recession is coming... gird your loins
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Yes, dollar down, 10-year down, metals up, bitcoin comatose...
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https://www.tradingview.com/chart/BTCUSD/bThnVqUK-BTC-USD-Bitcoin-respecting-primary-downtrend/
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Seems bitcoin is demand dependent... if US goes into recession, who will have money to buy it seems to be response. It's not a store of value so far and if sentiment changes on US economy so goes bitcoin. too early to tell just thinking out loud.
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I've been wondering that about metals too. Who is going to buy my $50 silver and with what?
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I agree. At the very least I would expect them to hedge the declining dollar and or the nominal price will rise as dollar falls not that people would be buying but...
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thx for the info! 0% growth for myself...
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And what do you project occurs during another recession?
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I'm in San Diego, and by the look on the streets and numbers of homeless it's already here...This is not good!
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I'm on record stating that they're going to hang this around Trump's neck. Did the same thing to Reagan and Bush.
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agreed!
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