It seems likely, we will see, hopefully crypto will provide some protection/hedge, but consumer spending will not go down, but purchase power will.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
It seems likely, we will see, hopefully crypto will provide some protection/hedge, but consumer spending will not go down, but purchase power will.
Posted Using LeoFinance Beta
Well if we get a powerful recession, even a depression, purchasing power will end up going up. People do not even realize a deflationary environment when it smacks them in the face.
Everyone talks about inflation. Look at the latest CPI report and there are some things starting to already crack. We go into a bad enough recession, Russia's oil being removed from the market wont matter since demand will crash.
Posted Using LeoFinance Beta
That's true.
Posted Using LeoFinance Beta
In crypto we trust. 👨💻👍