Those who come bearing warnings are rarely popular. Cassandra didn’t do herself any favors when she told her fellow Trojans to beware of the Greeks and their wooden horse. But, with financial markets facing unprecedented turbulence, it’s important to take a hard look at economic realities.that one-third of the world’s economy will be in recession in 2023.
Russian supplies have been slashed by sanctions related to the war in Ukraine, while Europe’s energy architecture suffered irreparable damage when a blast destroyed part of the Nord Stream 1 pipeline. It’s irreparable because new infrastructure takes time and money to build and ESG mandates make it tough for energy companies to justify large-scale fossil fuel projects.Meanwhile, already strong demand will only increase once China emerges from its COVID-19 slowdown.
In recent years, the mining of crucial rare earth has been outsourced to countries with abundant cheap labor and lax tax regulations. As these processes move to high-tax and high-wage jurisdictions, the sourcing of raw materials will need to be reenvisioned. In some countries, this will lead to a rise in exploration investment. In those unable to source commodities at home, it may result in shifting trade alliances.
Past inflationary cycles have ended when prices rose to a point of unaffordability, triggering a collapse in demand . This process is straightforward when it comes to discretionary purchases but problematic when necessities such as energy and food are involved. Since consumers and businesses have no alternative but to pay the higher costs, there is limited scope to ease upward pressure, particularly with many governments subsidizing consumer purchases of these staples.
Not more negative outlooks for 2023 😬😰 How do you feel about global markets (Stocks, Bonds, Crypto, Commodities, etc.) in the next year?
Coredao Will mainet
2023 is going to see a global downturn the likes of which we have never seen, billions in the third world are going to starve and suffer
Fckkk i can t move founds from cryptocom
I don't agree with this opinion in any way
Thanks a millon
Everyone in my close circle knows I have been saying this for a few months now.
What is coming is super easy because we know how to handle these situations now. We will use hardware wallets and trade only on transparent exchanges who does not use user funds to leverage. ❤
BREAKING: Crypto exchange Whitebit to delist BNB from their exchange at 17th of November.
hmmm.... 2 more years of Dems/Biden/Harris/Powell. That's all one thing. Once that's gone...maybe the world will begin to recover.
Scams are and will remain the major factor in Crypto market turbulence.