www.foxbusiness.com
Gotta keep selling the doom & gloom.New data reveals a crash not seen since Great Depression could hit in 2024
A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.
The plus side will be a huge sale on stocks. People that can take advantage of the sale will come out fat on the other side.
If there is another side.
The number of dollars in circulation (Money Supply) is only one part of the equation. The other is the velocity of those dollars, meaning how often they are used. A dollar used five times stimulates the economy far more than a dollar used once. The quoted article doesn't seem to address the fact that consumers now have credit cards, and are using them to keep spending. This spending is what is keeping inflation high, and so the Federal Reserve is raising interest rates to slow things down.New data reveals a crash not seen since Great Depression could hit in 2024
A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.
