The world economy entering a recession during the next 7 years.
According to this elloit wave analisys + chart patterns like reversing candles, wyckoff and trendlines the US TECH 100 is going to start its way down soon.
Looking at the fundamentals it really also seems to ad up. The world and especially USA is in so much debt that it could lead to a big bubble bursting. China also has a slower economic growth. Russia could end up in a civil war and Europe and Japans ecenomy is also of course going to be affected because of the economy global economy today.
Federal Debt USA: Total Public Debt as Percent of Gross Domestic Product:
Federal Debt: Total Public Debt as Percent of Gross Domestic Product:
https://fred.stlouisfed.org/series/GFDEGDQ188S
Ratio 1.2:1
The higher the debt-to-GDP ratio, the less likely the country will pay back its debt and the higher its risk of default, which could cause a financial panic in the domestic and international markets.
Japan is also in high debt.
Looking at the fundamentals it really also seems to ad up. The world and especially USA is in so much debt that it could lead to a big bubble bursting. China also has a slower economic growth. Russia could end up in a civil war and Europe and Japans ecenomy is also of course going to be affected because of the economy global economy today.
Federal Debt USA: Total Public Debt as Percent of Gross Domestic Product:
Federal Debt: Total Public Debt as Percent of Gross Domestic Product:
https://fred.stlouisfed.org/series/GFDEGDQ188S
Ratio 1.2:1
The higher the debt-to-GDP ratio, the less likely the country will pay back its debt and the higher its risk of default, which could cause a financial panic in the domestic and international markets.
Japan is also in high debt.
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