updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114\ud83d\udd25 TOP Crypto TIPS In My Newsletter \ud83d\udc49 https:\/\/guy.coinbureau.com\/signup\/
\n\ud83c\udfc6 My $4K Trading Comp & Deals \ud83d\udc49 https:\/\/guy.coinbureau.com\/deals\/
\n\ud83d\udcf2 Coin Bureau Insider Channel \ud83d\udc49 https:\/\/t.me\/cbinsider
\n\ud83d\udc26 Follow Our Twitter \ud83d\udc49 https:\/\/twitter.com\/coinbureau<\/p>\n
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– TIMESTAMPS –
\n0:00 Intro
\n2:17 The Economy Is Rebounding!
\n4:20 What Happened In The Economy?
\n6:48 Recent GDP Growth Is Deceptive
\n11:30 Future of US Economy
\n17:13 Safe Haven Assets
\n21:55 Final Thoughts<\/p>\n
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\u26d3\ufe0f \ud83d\udd17 Useful Links \ud83d\udd17 \u26d3\ufe0f<\/p>\n
\u25ba US GDP data Q3 2020: https:\/\/www.bea.gov\/news\/2020\/gross-domestic-product-third-quarter-2020-advance-estimate
\n\u25ba Personal income by State Q2 2020: https:\/\/www.bea.gov\/news\/2020\/personal-income-state-2nd-quarter-2020
\n\u25ba Personal income data Sept 2020: https:\/\/www.bea.gov\/news\/2020\/personal-income-and-outlays-september-2020
\n\u25ba Unofficial unemployment could be 25%: https:\/\/www.independent.co.uk\/news\/world\/americas\/us-unemployment-rate-jobs-recession-b1017913.html
\n\u25ba Reopening & closing down of States: https:\/\/www.nytimes.com\/interactive\/2020\/us\/states-reopen-map-coronavirus.html
\n\u25ba US net exports: https:\/\/fred.stlouisfed.org\/series\/NETEXP
\n\u25ba New massive gold deposit discovered: https:\/\/www.bloomberg.com\/news\/articles\/2020-10-22\/polyus-says-siberian-gold-deposit-holds-world-s-largest-reserves <\/p>\n
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\ud83d\udcc8 The US Economy is Rebounding? \ud83d\udcc8<\/p>\n
In the third quarter of 2020, the US economy has been on a tear, posting record breaking GDP growth! Sure, earlier in the year there was a pretty dramatic fall due to the pandemic. However, what we are seeing right now is one of the greatest economic rebounds in history!<\/p>\n
Another fact is that personal incomes by State have actually increased. So, in the midst of all this fall out from the virus, it appears that people have never been so rich!<\/p>\n
Here\u2019s the question, are news outlets just trying to scare us with claims of mass unemployment and COVID driven economic armageddon? <\/p>\n
\ud83e\udd14 The Economy In 2020 \ud83e\udd14<\/p>\n
Think back to earlier in the year when there were all those stay at home orders. Shutting the economy down naturally led to GDP falling off a cliff. In my video, I compare that drop to 2008 and the Great depression. <\/p>\n
\ud83d\udcc9 Why Recent GDP Growth Is Deceptive? \ud83d\udcc9<\/p>\n
Here\u2019s the deal; that Q3 rebound was mainly driven by consumer spending. That\u2019s not surprising given that the economy opened back up at this time.<\/p>\n
Personal consumption, investment and property sales all went up. Despite all that, the economy is smaller than at the end of 2019. <\/p>\n
Here\u2019s the problem: States are reopening and reversing that decision due to the spread of COVID. If that continues, it\u2019s going to be hard for consumer spending to keep on supporting that GDP growth in the fourth quarter.<\/p>\n
Watch my vid. In it, I explain why all those great looking numbers in Q3 are nothing more than a stimulus powered fugazi. The good news is that this probably all means that some people are going to come out the back of this with a stockpile of cash.<\/p>\n
\ud83d\udd2e The Future of The US Economy \ud83d\udd2e<\/p>\n
Many people are better off due to COVID. That\u2019s because they still have a job, spent less on goods and services and got a stimulus cheque or two. If that\u2019s you, then chances are you are thinking about treating yourself to a vacation or something like that when this all blows over.<\/p>\n
The problem is that everyone else is thinking the same thing and that\u2019s likely to result in demand-pull inflation.<\/p>\n
Then you have the trend of companies wanting to shorten their supply chains. After all, the pandemic was pretty disruptive for that. This domestic labour is more expensive and that could lead to cost-push inflation.<\/p>\n
So yep, I think crazy levels of inflation are in all our futures.<\/p>\n
\ud83d\udc51 Safe Haven Assets \ud83d\udc51<\/p>\n
In my video, I take a look at inflation resistant hard assets. I put gold under the microscope and also highlight some shortcomings. I then get into Bitcoin and explain why it could be a better bet to protect your purchasing power against COVID driven inflation.<\/p>\n
So, be sure to watch if you want to hear my reasoning on that one.<\/p>\n
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\ud83d\udcdc Disclaimer \ud83d\udcdc<\/p>\n
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.<\/p>\n