Money like heroin, the pandemic added to the problematic economy the world is facing currently, during the pandemic period a lot of cash was handed out in different forms which were at no cost. Taking a view of the world’s economy, the United States should brace up as they are in for a buppy ride, with the economy having a continuous spending problem there is no doubt that they will be attributed to more debt.
Jaime Dimon who is the CEO of JPMorgan has this to say -And of course when you put $5 trillion in the hands of consumers … think of those as drugs in the system …Well, of course you’d feel pretty good. Of course stock markets are high and of course companies are earning more money.”
“We’re on this sugar high and I’m not saying this ends in a depression [but] I think there’s more inflationary forces out there…
There’s a higher chance that rates go higher, inflation doesn’t go away and all these things cause more problems of some sort.”
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura
Posted Using InLeo Alpha