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Recession ... Coming? No, its here.

Anything related to investing, including crypto

MJ DeMarco

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Coming? No its here.

Here is a great article on Marketwatch ... with 11 reasons why it will last for months.

http://www.marketwatch.com/news/sto...028-4976-9883-BB1975099038}&dist=MostReadHome

And unfortunately, our politicians reaction to this is more taxes and more spending.

Lets see. ... tax the most productive people in the country (business owners who create jobs and add value to society) and redistribute it to the most unproductive people in the country (People who keep the retail/financial sector propped up by incurring debt by buying plasma TV's) ... like putting a bandaid on a slashed carotid artery.
 
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kurtyordy

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From what I heard, it is against next years tax return, but there will be a coinciding tax cut which will equal each other out.

In other words and again, this is from what I am hearing on financial talk shows, so take it with a grain of salt, if you typically get a 5k return, you will still get a 5k return on top of the rebate.
 
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MJ DeMarco

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The dollar is now at an all time low against the EURO.
 
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MJ DeMarco

I followed the science; all I found was money.
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In fact, the USD <> EURO shattered the resistance line which was in mid 149.6's. It broke thru pretty impressively followed by a lot of technical buying. It could mean that the new support line is 149.60's -- it previously was in the 145 range.

A series of new LOWS for the dollar looks to be approaching.
 

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