Sure, this picture doesn't look like the typical response to a macabre economic event called a "recession". In fact, most economic analysts and venture capital investors are very worried that the FED has already lost control of the inflation bubble. The truth of the matter is this: NOW IS THE TIME TO ACT!
If you trace the data back to July/August of 2008 on the forex/stocks charts, you will notice that the housing market crashed signaled an oversaturated market of people buying houses at ludicrous prices, followed by numerous foreclosures. In the midst of it all, consumer spending was low due to the hike in inflation and mortgage rates. Borrowing power was decreasing, as banks and money lenders tightened borrowing restrictions. The immediate result of the housing market crash was a bubble burst that led to several years of economic recovery: The Great Recession of 2009-2015. It took some time, but the markets eventually recovered.
Another factor to take into consideration is that recessions are a healthy process of growth in the economy. Nothing can stay up forever. What goes up must eventually come down. So then, why is everybody panicking all of a sudden? Why are economic analysts all doom-and-gloom? It's because the FED has raked interest rates to its highest point (the highest it's been since the 80s, apparently). It's no wonder the news has been racked with fears of a great crash, since the market is way overdue for another correction. Hence why Billy Markus, co-founder of Dogecoin, said in his statement regarding his overall view of the economy:
Rising gas prices, stocks plummeting, the FED losing their grip on tightening inflation - history is repeating itself in a different form. In spite of it all, NOW IS THE TIME TO ACT! On the flip-side of this whole bearish ordeal, there is cause to hope and be prepared for a big opportunity. Back in 2008, the housing market crashed, resulting in a great recession and multiple layoffs and pay-cuts. But what people AREN'T talking about is that new millionaires and billionaires were made in the midst of it all. Instead of markets showing instability, there was consistent downtrends happening, resulting in sell-off opportunities. Not only that, but bitcoin was starting to take the stage in the investing and finance world.
Times are changing, that much is true. Yet, let's look at it from a positive and eye-opening standpoint:
What is likely to happen is stocks will plummet - with the DOW and S&P taking the lead - along with most of your fiat markets.
What is looking pretty likely to happen is that most people will be flocking to major and minor crypto coins to invest in as a form of a safe haven for their assets, thereby pushing cryptocurrency to soar back up to either previous highs or new highs.
The result of the forex market - being a fiat market - could be most of your major pairs will be in the red.
The result of the crypto market - being a DeFI market (decentralized finance) - could be most of the coins will skyrocket at the same time as things go down.
Along with this, NFTs - both regular and Degens - will take center stage as another safe-haven asset for investors.
In short, we are looking at a potential buy in the crypto world; and sell in the forex world, resulting in consistency in trading opportunities on the long-term aspect of things.
Not to mention, the housing market crash could result in numerous properties sold below market value, as people who bought between the end of 2021 and the first half of 2022 cannot keep up with high mortgage rates (as a direct result of inflation). Therefore, I anticipate we will see numerous foreclosures, which can lead to easier buying power for those who could not get a home due to the high sellers market in the real estate world.
Are all of these things going to happen back-to-back? Possibly yes, possibly no. There's no guarantee or certainty as to how all of these scenarios could come into play. We can only make educated guesses - and that includes professional economic analysts, too - as to where the economy is likely to head.
We say all of that to sum up for you this point, once more: NOW IS THE TIME TO ACT! Again, new millionaires and billionaires were made back in 2008 because they saw a prime opportunity that no one else saw. Don't let fear blind you to the potential of what could happen. After all, analysts are eyeing a recession to occur in 2023. So, wouldn't it be prudent to start preparing to receive yet another Great Wealth Transfer opportunity before it starts?
If so, we encourage you all to take part in the Forex, crypto, and NFT classes we have to offer. And at the low price of $50/month for adults and $25/month for kids, there's no better time than NOW to build a legacy for you and your family for years to come. But hurry! The Adult membership price may change after August 6th. Plus, we are running a sweepstakes until July 1st. If you don't know it, take a look at our previous blog post to find out how to participate.
Opportunities like what we have been talking about in this article don't come often. But when they do present themselves plain as day, then it's up to us to choose: take part in it or sit back and watch it all happen?
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