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Thread: economy crisis?

  1. #1
    Inactive Member godoftrading's Avatar
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    I think so!

    - Mortgage rates rising, at 5.85% for a 30 year fixed
    - Nonborrowed bank reserves now at -111,855,000,000 as of May 21st!!! http://www.federalreserve.gov/relea...ist/h3hist4.txt
    - BANKS ARE BROKE!! THEY ARE ILLIQUID, ONLY THING SAVING THEM IS THE FED.
    - Home sales still on the decline
    - Record supply of single family homes
    - Banks still not lending to consumers
    - Oil near all time highs
    - Banks trading at all time lows
    - Real rate of inflation near double digits (? probably)
    - Gasoline above $4.00 a gallon for regular unleaded
    - Diesel fuel up to $5.00 a gallon
    - Consumer confidence at 12 year low
    - Take out commodities backed companies and earnings are down 20%+
    - Unemployment projected on the increase
    - Dollar still near all time lows (Yippee we have gained .03 on the Euro.... lets have a party all our problems are fixed)


    Oh yeah, this is already priced into the market. lol

    We are trading only ~5% off for the year!

    What else do you have to read to see this is not a healthy environment?

  2. #2
    Junior Hostboard Member Qaxxie's Avatar
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    Re: economy crisis?

    I don't think that with an unstable world economy and high inflation, it's worth making high-risk investments. If you have some capital, then it's better to choose more reliable options for buying. For example, many experts advise paying attention to the purchase of precious metals. Despite the fact that this implies a long-term investment, you can buy precious metal not in bullion, but in a more liquid format - coins. There are many offers for the sale of such an investment asset here U.S. Silver Coins . As for me, this can be a really better solution, although not as profitable as cryptocurrency or company shares, but more reliable.

  3. #3
    Hostboard Member Garibaldi's Avatar
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    Re: economy crisis?

    Yes, unfortunately the crisis has affected the cryptocurrency. But in any case, I do not lose heart and try to earn cryptocurrency in gambling on the duck dice website. I advise you to study the information duckdice.io/blog/crypto-gambling-and-mental-health about the impact of gambling on mental health. Personally, I am not a very gambler, so gambling on the weekends helps me to effectively relax and relieve stress.

  4. #4
    Hostboard Member Killian's Avatar
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    Re: economy crisis?

    Cryptocurrency is a great solution for investing money, people sell their stocks and securities and invest in bitcoin, and it is growing in value more and more. I buy bitcoin with part of my salary with a very reliable service Buy Bitcoin (BTC) with a Credit or a Debit Card it is a really very cool platform that I fully trust.

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