Prediction of next financial downturn Pt.2
Updated
Dow Jones dropped over 1200 points in one day, that's the biggest downward move ever happen.
Interest rates are going down FED Watch Tool shows over 99% that FED will cut at least 25pts.
More cuts will come soon, please check cmegroup.com/trading/interest-rates/countdown-to-fomc.html
I follow this website and 3-5 days ago there was only 10% for a single interest rate cut.
Unfortunately, due to the Coronavirus outbreak global economy suffers and the whole world will soon enter Great Depression!
Interest rates are going down FED Watch Tool shows over 99% that FED will cut at least 25pts.
More cuts will come soon, please check cmegroup.com/trading/interest-rates/countdown-to-fomc.html
I follow this website and 3-5 days ago there was only 10% for a single interest rate cut.
Unfortunately, due to the Coronavirus outbreak global economy suffers and the whole world will soon enter Great Depression!
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So far so goooooood!!
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Negative interest rates could be needed for a ‘V’ recovery, Fed economist sayscnbc.com/2020/06/02/negative-interest-rates-could-be-needed-for-a-v-recovery-fed-economist-says.html
St. Louis Fed researchers say negative interest rates may be needed for economic recovery
marketwatch.com/story/st-louis-fed-researchers-say-negative-interest-rates-may-be-needed-for-economic-recovery-2020-06-03
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