Elon Musk: We're Approaching a Recession but It's 'Actually a Good Thing'
Tesla CEO Elon Musk believes the U.S. economy is approaching a recession but he explained why it is “actually a good thing.” Musk has estimated that the upcoming recession will last 12 to 18 months.
WHAT TERRA’S COLLAPSE TEACHES ABOUT ‘CRYPTO’ AND BITCOIN
As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency.
Cardano's Hoskinson Says 'Best-to-Market' Crypto Could Help Avoid Economic 'Collapse'
Hoskinson called the global economy a “train wreck,” but believes cryptocurrencies can help “restore some trust.”
Bitcoin Dives To $30K, Why Short-term Recovery Seems Possible
Bitcoin extended losses and even spiked below $30,000 against the US Dollar. BTC is now consolidating and might correct higher towards the $32,000 resistance.
Crypto mortgages are too risky
Weiss Rating report stated that pooling crypto loans could be risky as it it was a similar strategy that led to the housing market crash and the Great Recession of 2009.
THE US DOLLAR IS SOARING WHILE THE GDP CONTRACTS
The strengthening of the U.S. dollar and the growth deterioration across major global economies will likely cause more downside for risk assets.
US Dollar Will Remain Global Reserve Currency, Says It 'Has Great Inertia'
In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still “has great inertia.”
Deutsche Bank Predicts Major US Recession Next Year
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic about the future outlook for the U.S. economy.
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