Rising interest rates by the Federal Reserve has people concerned of a potential slow-down in the housing market (worse-case scenario, a recession, or even a depression). How would this affect crypto - and metaverse assets in particular? A closer and updated look at what's been going on in virtual vs. real-estate, especially in China (still down by 60%+).
At the end of every year, I usually write a predictions article for macro-level trends I expect to happen over the next year. 22' is the wildest one so far, even for me. The three pillars: economics (#crypto) - politics (#inflation) - culture (#NFTs) Original article: mirror.xyz
Or does it signal an end to the QE driven asset party?
I did a video version of the editor's pick idea (link below) with more details and a more holistic look at what's been going on in real-estate, politics, and crypto. What happens next is anyone's guess but underlying trends tend to show that the crypto market itself will probably be OK, if not bullish. Some notes from the vid below: - Inflation is here to stay...
Inflation is here to stay. Part of the reason why the government was caught off guard was because the US has been offshoring manufacturing for years now and is no longer looped into things like supply chain issues that are happening thousands of miles away. What's likely to happen, and how can crypto benefit from it?
Latest update on the Evergrande fiasco. It's looking like this could be much bigger than even the alarmists have been speculating so far. tl;dr - the US media is very poor at covering foreign news, especially when it comes to money. Be wary of what you read out there. China is likely to let Evergrande defaut, which will stand in stark contrast to what we did...
So while we wait for the #Evergrande thing to sort itself out, the city to pay attention to for cracks in the housing market here in the US is #SanFrancisco. They have had the highest housing inflation in the country over the last decade -- which is counteracted by the reality that both jobs and people are leaving the city in droves now due to its unaffordability,...
Some big dumps here with the Evergrande news... when I called 53k lower high it generally indicates probability is with further downside but it in no way can that predict events like potential real estate fueled recession in China. No oracle outside of insiders can predict that. All you can get are hints and probabilities in the TA. 40 to 41k seems bottom of...
The recent dip in the crypto market is most likely a result from the scare that Evergrande -- one of the largest real-estate firms in China, may end up defaulting on their debt. Will China bail them out or let them fail? It's China's version of what happened in 2008 in the US.
Evergrande is something that most of you will have heard about lately, and if you haven’t… you should get the know about it. This has been one of the main causes of the latest sell off in markets. Its affecting all financial markets from the stock market to the crypto market right now. I want to explain why that’s the case and what impact it might have going...