The UK finds itself in yet another recession, possibly the second in just a couple of years, and it's not alone in this predicament. It appears that Ireland, Denmark, Peru, and several other nations are following the same downward economic trajectory. While there are murmurs suggesting that Germany may also be grappling with similar economic challenges, no official announcement has been made.
Initially anticipated for 2022, then pushed to 2023, and now forecasts are echoing the same gloomy outlook for 2024. As for whether the US is experiencing a recession, I'll leave that question to my American followers. However, it's worth noting that retail sales in the United States took a substantial hit, tumbling by 0.8% in January, exceeding expectations.
In my little corner of the world, the recession seems like a distant concern. On the contrary, we're still contending with soaring inflation, and there's uncertainty about when it will ease. Only God knows, right?
It's increasingly apparent that there's chaos brewing worldwide, and it may not be entirely coincidental. Lately, there have been more reports of young individuals falling victim to extremist immigrants' attacks across the globe, particularly in developed nations that have welcomed substantial immigration without the means to effectively manage potential threats.
This chaos could be part of a deliberate strategy to usher in a "new world order." After all, chaos is often the precursor to major societal shifts, and chaos is certainly prevalent, ladies and gentlemen. Inflation remains stubbornly high in certain parts of the world, some are mired in recession, and leftist radicals have declared a virtual war on Tesla, threatening a "wave of attacks" on Elon Musk's vehicles and charging stations in Berlin, Germany.
But why target Teslas? Aren't they notorious for spontaneously combusting? 😀 It seems that people worldwide are growing weary of the push for green energy and climate change initiatives that have long championed electric vehicles. However, resorting to violence seems unnecessary.
It's akin to defacing the Mona Lisa because one disagrees with oil-based paints. If someone wants to protest against electric vehicles, perhaps they should stick to driving internal combustion engine-powered cars. And for those throwing paint on the Mona Lisa, maybe they should consider forgoing clothes altogether since clothing production often involves the use of oil.
Another thought: investing in Bitcoin might not be a bad idea for those with the means to do so. Becoming a "whole coiner" is increasingly challenging, and it's projected that by the time the next halving occurs, it may be out of reach for 97% of the global population.
With BlackRock and Fidelity now collectively holding 191,657 BTC valued at over $10 billion for their spot Bitcoin ETFs, it's no wonder BTC soared past $50,000 as if it were slicing through warm butter.
For altcoin holders, don't lose heart; altcoins will likely catch up, but it may take some time. Ethereum is performing well, and historically, its success heralds an altcoin season on the horizon. Despite my initial focus on the recession, it seems BTC remains largely indifferent to economic woes. The S&P 500 is also thriving, hovering just below its recently claimed all-time high.
In the words of Larry Fink, CEO of BlackRock, Bitcoin is seen as a safe haven. But who paid attention to him then? Perhaps when everything skyrockets, the masses will finally take notice. In the meantime, enjoy the bull market and remember to secure your profits.
Thanks for your attention,
Adrian