Yet another month goes by in the world of cryptocurrency, and as the crypto market suffers a significant pullback, it seems the market begins to separate, the metaphorical wheat, aka (legitimate projects that have staying power), from the weeds, AKA (crypto projects that are here today and gone tomorrow). Nowhere in crypto is that point more prevalent in the recent crypto collapse of Terra Luna, hopefully they will be able to address many of the underlying issues going on with that project, if for no other reason than to compensate many of its investors that loss significant amounts of capital. The world of finance is quite literally like a metaphorical minefield, which is why doing one’s own research is crucial to navigating potentially treacherous waters.
As the United States economy begins to cool down after the massive amounts of printed up stimulus money pumped into the economy, inflation concerns begin to rear its ugly head, causing the Fed to increase interest rates to try and stay in control of the economy. But as interest rates rise market Recession risk become the issue up today, which brings me to the focus of today’s article, is the global economy headed for a recession? In today’s video we will be going over a recent article from the Washington Post I read called “US may be barreling toward recession in next year, more experts say” and I will be giving you my opinion on what I think about this, links to the original article will be in the description below. OK now let’s get started.