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"We're still in a downtrend market. Bear market rallies tend to be extreme. Until we break out of the down trendline, it's hard to say the bull market is around the corner," Kevin Kang, founding principal of BKCoin Capital LP, told CryptoX in an email, citing potential yield curve inversion,
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Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker
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Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” He also advised against buying bitcoin at the current level. “Maybe you should buy it at $25,000,” he said. Billionaire ‘Bond King’ Jeff Gundlach on Recession, Bitcoin, and
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As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income.According to Al-Monitor, many Egyptians, particularly young people, are interested in cryptocurrencies. Wael al-Nahhas, an economist and financial advisor to
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Better-than-expected jobs numbers and signs of economic recovery are leading some to declare the worst is over. We’re still far from normal—and economic data still show we’re worse off than the Great Depression in many areas. Here’s why the recession may just be getting started. Wall Street loves setting expectations at levels that
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New housing starts have hit a five-year low, while mortgage rates reached another record low last week. These two factors could lead to a reduction in the housing supply, which in turn will push up prices. As with the financial crisis of 2007-8, the downturn will likely have a
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Trillions of dollars have been injected into the global markets in an attempt to revitalize the world economy. The U.S. alone recently hit its highest unemployment rate in history.The whole world seems to be falling apart except for blockchainKraken, one of the largest cryptocurrency exchanges in the United States,
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Germany is on the brink of recession after growth slowed to zero in the last quarter. The economy is being dragged down by a seismic slump in car manufacturing. The Tesla effect – and the shift to electric vehicles – is leaving Germany in dire straits. Germany’s economy is
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The Dow Jones Industrial Average (DJIA) pushed higher on Wednesday as coronavirus fears eased. Two of the world’s largest economies, Japan and Germany, edge closer to recession this year. The risk of a global recession in 2020 is now ‘imminent.’ U.S. stock markets continue to blaze in ‘risk-on’ mode
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The yield on the 10-year U.S. Treasury note has fallen below the yield on the 3-month T-bill, stoking fresh recession talk. Long-duration bond yields are plunging on growing haven demand as coronavirus infects over 73,000 people. Researchers at MIT have used a scientific model to predict the likelihood of recession. The results
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