THE CRISIS: Slippery Slope
See that dark clouds? Ten days ago, Dow Jones Index slipped 800 points to the edge of 25,000. Was that a trigger for a new crisis?
There are serious signals that World is slipping into a new financial and economic crisis. All the officials and (corporate) economists are trying to sound calm, but for God sakes, the banks are reportedly cutting back on risky loans!
Talking about the rats leaving the sinking ship… of course the stock market will react. On Friday Dec. 14th DJI dropped almost 500 points…
…and today it completed the fall for another 500 to a full 1000, and plunged well under 24,000!
Recession worries may be mounting, as it is said in the Reuters' article, but that would be the least of worries if selling panic starts. What can start it? Another Lehman Brothers trigger event? Or new prisoners taking in a US-China trade war? Canada already became the first “collateral damage” state in this war.
But for us who are worried for the price of steem, crisis could actually push bitcoin up, and as we all know, when bitcoin flies up, they all fly up. So, keep your eyes at the DJI graph and be ready to build new decentralized World…
Current date is December 18th, 2018, 1:11 CET
Universal Basic Income
the recession is already here... it just doesn't have a nasty name yet
Completely agree @clumsysilverdad.