Global warming is rising... It's already hot here in my place.
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Global warming is rising... It's already hot here in my place.
migrating
Why are you so pessimistic?
I donīt know if it will be just in June, but yes, I agree itīs quite possible what you said.
Something like this was expected since the first months of the "pandemic", and they softened it by saying that the fall would be abrupt, but the recovery would be quick.
The problem is not only the economic recession itself, but rather the uncertainty of what it will produce, as all the political instability derived from the pandemic, which can arise in the most unsuspected countries, and whatever they may be, they can affect other countries, producing a domino effect.
It is such a complex scenario that today more than ever, the near future is less predictable than ever.
(Or maybe not...):)
True. People will be more reserved and afraid to invest since they can't be sure what future holds anymore. While various governments already tax billionaires (this is one of the reasons why billionaires don't have much cash. government taxes them if too much money sits on their accounts. that way government encourages them to invest) they won't be able to do that to small and medium entrepreneurs who are the main wheels behind economies.
Inflation is coming. In the US, we also have signs of another real estate bubble bust. I’m a little worried but I’m trying to remain level-headed.
The stock market has been propped up by massive government spending. Disclaimer, my statement comes from a position of power and privilege and should only be considered from a position allyship with oppressed groups who are marginalized on a daily basis in the West.
My stock market mentor is calling all-time-highs SPY 430 in June. The old dictum is "Sell in May and Go Away" but May is almost over.
I thought it was going to be a White boy summer
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