Coin Bureau: Recession will happen

The window it was checked over

NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

I suspect this is exactly what will happen over the winter months when energy use around the world spikes and the shortages become acute there's also lots of uncertainty about the United States's strategic petroleum reserves China's zero covert policy and the ongoing war in Ukraine all three of these negative macro factors could theoretically be resolved in the coming months but this seems unlikely for the time being in short inflation is likely to continue and this means that the fed and other central banks will continue raising interest rates this will cause a global recession and possibly one that's deeper than most investors are pricing in this will also cause crypto to crash but create an opportunity for accumulation regardless I reckon it's wise to stack Fiat currencies during times like these so turning to the charts no it's not going to be pleasant we can see that BTC is bleeding hard and that's because it finally broke a massive bear flag that had been forming on the monthly previous zones of support and resistance suggest we could drop to 14 to 15K in the coming weeks before falling to the Final Destination 10 to 12K so buckle up last week's top performing cryptos were trust

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