Winter is Coming.

By Snow Under Sun | SnowUnderSun | 13 Sep 2020

The great financial crisis is coming?

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 indicators is 2-year bond vs 10-year bond spread. it went to negative.

2-Another indicator is 10 years bond versus 3 months bonds spready.

3- Recession indicator of RaboBank is the peak now. much higher than 200 and 2008 crises.

4 - Retail clothing sales is slowing down same in past crisis.

Second wave of Covid started in many countries. Deads in the U.S near to 200,000.

Massive protests, riots and civil disorder in major U.S cities but stock exchange market indices going up.

How long they can support the stock exchanges? Till presidential elections in November?

Winter is coming and this winter can be tougher than 2008 crisis.

Cover image created by me in Canva :

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Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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