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yes it's a lieTariff's are needed to fix current account deficit of America agressively and thereby fix the deficit financial expert are dumb as hell they don't get what's going on
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in case anyone needs an update the Nasdaq is in BEAR territory down by 20% Russell index is similar and S&P 500 is down by 17% so far. today will decide whether it will enter a bear market (total of 20% decline from peak). Earning Season is here it begins this week Delta airlines USA reports first, it might be weak. I don't recommend stepping into this don't buy the dip, even if you miss this there will be a bigger dip coming. Credit Card delinquencies are rising, automobile delinquencies are rising, CEOs are completely confused about CAPEX and investment due to Tariff's this could be the deadliest period within 9 months. Good luck I don't recommend buying this dip, Trump Tariffs is not the only problem at hand, US Debt is also a problem it's reached world war II levels. Trump is being painted as the bad guy and his team, but mark my words the entire global market will collapse if USA defaults on its debts. the Tariffs are part of killing the deficit as well, the US Has been borrowing into forever and importing more than it can sustain its not sustainable the tax dollars can't pay for servicing the debt at such high rates. And USA Inflation rate has been out of control for too long the Fed has not been able to bring it down agressively enough it has failed, because the top spenders keep spending (when you kill the stock market the top spenders will finally stop) That is what is going on... **BE CAREFUL** even if you see a recovery of crypto now in the next month you will see something more ugly down the line. I'm not sure what the bottom price of bit coin is going to be if things collapse further. **be careful** ☠️ do research before investing from now onwards. Good Luck 🍀 #Binance
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in case anyone needs an update the Nasdaq is in BEAR territory down by 20% Russell index is similar and S and P 500 is down by 17% so far. today will decide whether it will enter a bear market (total of 20% decline from peak). Earning Season is here it begins this week Delta airlines USA reports first, it might be weak. I don't recommend stepping into this don't buy the dip, even if you miss this there will be a bigger dip coming. Credit Card delinquencies are rising, automobile delinquencies are rising, CEOs are completely confused about CAPEX and investment due to Tariff's this could be the deadliest period within 9 months. Good luck I don't recommend buying this dip, Trump Tariffs is not the only problem at hand, US Debt is also a problem it's reached world war II levels. Trump is being painted as the bad guy and his team, but mark my words the entire global market will collapse if USA defaults on its debts. the Tariffs are part of killing the deficit as well, the US Has been borrowing into forever and importing more than it can sustain its not sustainable the tax dollars can't pay for servicing the debt at such high rates. And USA Inflation rate has been out of control for too long the Fed has not been able to bring it down agressively enough it has failed, because the top spenders keep spending (when you kill the stock market the top spenders will finally stop) That is what is going on... **Be Careful** even if you see a recovery of crypto now in the next month you will see something more ugly down the line. I'm not sure what the bottom price of bitcoin is going to be if things collapse further. **be careful** ☠️ do research before investing from now onwards. Good Luck 🍀
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Collapse as I said earlier, the only safe place is stable coins. it's all going to fall further. #Binance
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