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/biz/ - Business & Finance

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10523560 No.10523560 [Reply] [Original]

Economic recession soon. Ready for the bullrun nerds?

>> No.10523589
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10523589

AAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHH

>> No.10523600

Trump's trade war is fucking everything

>> No.10523627

>>10523589
lol
>>10523600
that's one of the reasons, yes

>> No.10523663

I tought the same thing last night.

will be this the first world economic recession?

>> No.10523669

>>10523663
Could be. Crypto is here for a reason. I see a huge shift incoming.

>> No.10523682

>>10523669
Thats why all these platforms are rolling out their onramps now. They know what's coming and they are getting ready.

If theres gonna be another huge recession, and the gov knows about it, then they have a responsibility to allow people to move to crypto (if crypto ends up being a safe haven, which I dont know).

>> No.10523683
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10523683

Intrest hike + trade war is 100% recession.

Sell your stocks and open shorts if you want to make it

>> No.10523690

My 1 counterpoint is why would a recession happen just before midterm elections. That's political suicide. You'd think Trumps admin would keep things afloat till the votes roll in during Nov.

>> No.10523697

>>10523682
>then they have a responsibility to allow people to move to crypto

They will 100% try their hardest to stop crypto. The worst thing during a recession is people taking all of their money and sitting on it, since it destroys the economy (because nobody is buying it)

They want you to spend money, not squirrel it away. Crypto is the opposite of what the government wants.

>> No.10523713

>>10523697
I can speak for the USA only, but I'm pretty sure our new government is crypto friendly.
I think all the new populist governments are trying to find ways to use blockchain to disrupt the old order.

>> No.10523715

>>10523690
That's why I said soon. Acting now could save you. Reallocate your investments wisely.

>> No.10523721

>>10523715
Already did.

>> No.10523748

You should realize that if there's recession, people will exit useless internet funbux even faster.

>> No.10523757

>>10523748
Nope. Crypto is worldwide. No state lines influence it. It's a natural economic safehaven.

>> No.10523774

>>10523748
Chinese millionaires will use it if they want to jump ship and/or hide their cash from the government since China has a law that you can only take a limited amount of money out of the country with you.

It's kind of like what they're doing with the Canadian housing market, only crypto will be their "Ooh shit" panic button.

>> No.10523821

I have 200k in Amazon stock

>> No.10523844

>>10523821
lol retard all the warning signs are there

>> No.10523853

>>10523821
Ath right now, recession coming and president of usa openly shilling against amaz

Strong sell

>> No.10523865

>>10523821
Hopefully you bought them years ago anon

>> No.10524206

>>10523865

No, but my Dad did. In 1999.