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55 sats \ 0 replies \ @TheBTCManual 14 Jun 2022 \ on: Where do we go from here? bitcoin
I don't see many options but to plunge into a recession, might not be for the US and some G7's who might just slide off the flat growth or marginal growth and avoid it but for the 150+ countries who aren't in that league well pretty much 100% recession confirmed, they will need to raise rate in their countries as the dollar crushes their fiat currencies (like my own South African rand) to slow inflation, capital leaving the country but this means massive slow down in economic growth and disposable income
This is bigger than bitcoin, stocks the US, this is GFC level shit