Great financial crisis is coming at 2020 ?
Ben Bernanke, Nouriel Roubini, Jesso Colombo, Mark Zandi and Mark Yusco said in 2018 that they wait recession - crisis globally for 2020.
Paul Krugman and Robert Shiller said also similar in 2019.
1- One of the main indicator is 2 year bond vs 10 year bond spread. it gone to negative now.
2-Another indicator is 10 years bond versus 3 months bonds spready. it is negative since May.
3- Recession indicator of RaboBank is the peak now. much higher than 200 and 2008 crisis.
4- when U.S unemployment rate down, a crisis will follow as seen in chart. it is at low rate now.
5 - Retail clothing sales is slowing down same in past crisis.
6- New housing starts is in similar position. not optimistic chart.
Previously, The Fed promised that these measures were temporary, raising interest rates to 4-5% when the crisis was over, and promising to burn up 50% of the money they were printing.
However, this year, interest rates to 2.25% and burned only 17% of the money he had pressed that the stock market began to collapse.
The Fed stopped burning money under market pressure and cut interest rates by 25 basis points for the first time in 10 years.
However, the market did not find this discount sufficient.
The panic has begun.
The Dow Jones industrial index lost more than 1650 points (6%) in about two weeks since the interest rate cut.
All signals show that category 5 class typhoon is coming.
possibly USD will gain position at first stage and mass will move to buying bitcoin and gold.
keep your bitcoins and get ready for incoming catastrophe.
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