People CAN’T MAKE lease, 43% of small businesses expected to CLOSE PERMANENTLY, severe economic damage from supply chain issues just STARTING to present, people bracing for WORST RECESSION in 100 years… yet stocks and crypto are mooning? : CryptoCurrency
This has to be the most important lifeless pangolin bounce in historical past.
Everyone is playing on when the market will get well with out understanding that there IS NO market. Most people is not going to be touring or attending amusement parks or going to vegas for up to a 12 months after this quarantine is over. This lock down has frozen people strong and confirmed that nobody is secure, so the extreme spending and perma 45 diploma angle upward inventory market means of pondering is coming to an finish. People will probably be saving, not spending, and I extremely doubt people will probably be throwing cash into bitcoin until they can not get their playing repair elserwhere.
Everyone is like “stocks and crypto are on sale!”. We’re just beginning to see economic damage from supply chain disruption and different issues arrise, up till then all this crashing has been attributable to concern, not actual ache.