A New Financial CRISIS?! Why A Credit Crunch Could Be Coming!
Hey Guys,
We all know that something in the economy is going to break if central banks keep interest rates this high. That’s simply because the economy requires lending to grow, and this lending has been restricted because of higher interest rates.
If this continues, the global economy could experience a credit crunch, and it appears that it’s already started in the US, EU, and elsewhere. A credit crunch has the potential to evolve into a credit crisis, which could crash the markets.
Thankfully, there are no shortage of macro experts out there that have been keeping track of this, and in today’s video I basically put together what they’ve been saying. The result is a pretty grim forecast that could, well, crash the markets…
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Credit Crunch Definition: https://www.investopedia.com/terms/c/...
► Banking Crisis Starts Credit Crunch: https://fortune.com/2023/04/11/credit...
► Commercial And Industrial Loans: https://fred.stlouisfed.org/series/BU...
► Jamie Dimon Warns Of Debt Default Volatility: https://www.cnbc.com/2023/05/11/jpms-...
► US Government Debt Default Date: https://thehill.com/homenews/senate/3...
► Fed To Release FedNow Proto-CBDC System: https://cointelegraph.com/news/federa...
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📜 Disclaimer 📜
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.
