A Global Recession

[bbc.reporter]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

[1714105252]

1714105252

[1714105252]

1714105252

[1714105252]

1714105252

[groll]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

If that will be the case the ones who are going to suffer from that recession are the parties involve. Other countries will enjoy a positive feedback on this especially first world countries. In line with bitcoin, it is still unclear if this will affect the price of bitcoin. I do hope that this major event will have a positive effect on bitcoin industry.

[CryptoBjorn]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

It's not just EU, China is in big trouble too since
Asia/Middle east got problems with the low oil prices, which make the rich oil countries go borrow money..
US > A potential Trump threat <-- this seems to be the biggest problem of them all
Brazil > corruption

So yeah quite some things are going on which are influencing the market. I think the reason bitcoin isn't booming, is that investors are scared, and not sure what to do and retract to the safe gold.

[bbc.reporter]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

It's not just EU, China is in big trouble too since
Asia/Middle east got problems with the low oil prices, which make the rich oil countries go borrow money..
US > A potential Trump threat <-- this seems to be the biggest problem of them all
Brazil > corruption

So yeah quite some things are going on which are influencing the market. I think the reason bitcoin isn't booming, is that investors are scared, and not sure what to do and retract to the safe gold.

By saying "bitcoin isn't booming", are you referring to just the price? Or the bitcoin economy as a whole? I ask because I have seen a couple of comments that btc is akin to gold as a "hedge or safe haven" in case of an economic crisis happening. What is your take on this?

[Zaducis]

I think as long as the bitcoin users increases and the daily usage increase to buy things, the price will also rise.

[virtualx]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

Financial crisis of 2009 never finished. Debts of countries keep increasing, banks in financial problems.  If there are mayor events (like Brexit) bitcoin price could get up.

US > A potential Trump threat <-- this seems to be the biggest problem of them all

Hillary is a treat too, she wants to invade entire Middle east and Russia

[Nascor]

it obviously sucks.. more for some than others

but it affects us all unfortunately, the US bubble spread throughout the world even if it was "American related"

we are so interconnected that something small can have a huge impact

[eshkikay]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

global recession is recession that affects many countries around the world that is a period of global economics slowdown or declining economic output global recession is more difficult because a developing country is expected to have a higher GDP growth that developed country global recession occur over a cycle lasting between eigth and ten years during what the IMF terms the past three global recession of the last three decade the recession was not felt evenly evenly around the world many of the newer developed economics suffered far less impact.

[Prodigye]

A global recession has become more likely due to increased globalization, if larger economies are affected (eg. China) then their trading partners and affiliates will definitely be affected as well. However, the current situation in the world suggests that despite this a global recession is still not very likely, even with all the problems in the world looking at the stock market which is bulling quite significantly you can tell that the state of the global economy is doing quite well. Because of this, the demand for bitcoin will increase as well since higher employment, disposable income means that people can afford to spend more, Bitcoin has become more mainstream now so it will likely continue to grow although there will be market corrections occasionally.

[Anco_Marzio]

A global recession is very probable: we are too many, and it will be some regulation crisis.
But smart people will survive :-)

[pentol86]

about brexit, its affect to us in Indonesia, not big but still determine the potition of our country with europe. but i see, not affect to bitcoin at global price

[mOgliE]

Hi,

Actually, have you seen any repercussions of Brexit on EU? I have not.

When the vote was past, many people thought it would deeply change things. I guess it won't. First because the British government is not in line with the population's decision and second because other leaders in the European Union won't let Britain vanish from the organisation.

The political situation in Europe is an incredible mess. But I think it is also a great place to observe trends. Former revolution have started in Europe, and I guess another one is steming!

[jaysabi]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

The economies of the US, Europe, China, India, and Japan (you know, just to name of few) are all growing presently. You can't have a global recession when all the biggest economies are growing. A recession is a technical classification meaning two straight quarters of economic retraction. Any growth means it's not a recession, and wide-spread growth as we are currently experiencing means even less so. That's not to say one can't start, and recessions are a natural part of the expansion cycle. It's actually interesting to consider if the losses of late crypto buyers (especially institutional investors who just got into Bitcoin) could help along a recession.

[eekkaa]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

the bitcoin value does not have a big effect with the problem that the bitcoin state is still going to be the usual digital currencies the possibility of rising prices is certainly going to have an effect but not too big as this is also a problem not of bitcoin but because of the confidence differences of the UK and European Union.

[webtricks]

Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.

Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.

I am Indian citizen and by analyzing current economy of my country, I can clearly state we aren't moving towards any kind of recession. Our growth rate is higher than inflation itself which is clear indices that we are on track of development. Same trend is also existing in other Asian countries so I don't think there is any possibility of Global Recession coming when biggest continent is on the road of prosperity.

Bitcoin economy isn't much effected by Global Economy mainly because Bitcoin isn't mainstream security at the moment. It hardly makes 0.01% of Global Economy and several big industries like Iron Industry, etc have much big market than Bitcoin so it hardly matters if we talking about whole economy at same time.

[Hydrogen]

Global recession is imminent.

In some regions, rent prices look like this:



Wages around the world, look like this(flat line):



(The only ones receiving wage hikes are one percenters, elites and the wealthy.)

It doesn't take a genius to figure out inflation has outpaced wage growth over decades. Inflation outpacing wage growth causes rent and food prices to increase faster than consumers ability to pay for things.

This instability and imbalance leads to unsustainable economies across the world, which in turn leads to recession, stagnant markets, weak job markets, poverty, class warfare and other negative implications.

[jaysabi]

Global recession is imminent.

In some regions, rent prices look like this:



Wages around the world, look like this(flat line):



(The only ones receiving wage hikes are one percenters, elites and the wealthy.)

It doesn't take a genius to figure out inflation has outpaced wage growth over decades. Inflation outpacing wage growth causes rent and food prices to increase faster than consumers ability to pay for things.

This instability and imbalance leads to unsustainable economies across the world, which in turn leads to recession, stagnant markets, weak job markets, poverty, class warfare and other negative implications.

Wage growth is higher than inflation currently. If that's one of your determinants for an impending recession, the conclusion doesn't follow because the premise is false. The scenario isn't as great as it could be if places like the US weren't revamping their tax codes to allow the ultra wealthy to pay less taxes through pass through entities, but it's certainly not the impending disaster you make it out to be based on one of the limited data points you're using to support the conclusion.

Oakland rents shouldn't be construed to be more than a local issue because the factors affecting the housing and rental prices there (Silicon Valley driving the prices) do not exist on a large scale elsewhere.

[Hydrogen]

Wage growth is higher than inflation currently. If that's one of your determinants for an impending recession, the conclusion doesn't follow because the premise is false. The scenario isn't as great as it could be if places like the US weren't revamping their tax codes to allow the ultra wealthy to pay less taxes through pass through entities, but it's certainly not the impending disaster you make it out to be based on one of the limited data points you're using to support the conclusion.

....

I would be interested to know what you believe are current "wage growth" and "inflation" statistics. Post your numbers. One thing you have to understand about inflation is they changed the equation utilized to calculate it. Real inflation is nearer to 10% than it is 3%. In some areas like food items we can see higher than 10% price inflation.

I don't want to seem negative but I get the impression all of the viewpoints you're learning in school are easy to disprove propaganda/lies. That would represent standard curriculum in this day and age.

The idea that tax reform allows the wealthy to pay less taxes is a spin on cutting the corporate tax, if I remember right. The idea behind cutting the corporate tax is to make the united states more competitive on a global scale. The USA having the highest corporate tax rate makes it the least attractive option to investors, lowering the tax could create jobs, a stronger economy and many other benefits.

edit: The graphic you posted didn't load when I viewed your post the 1st time.

That only shows wage growth. The key chart is wage distribution. Almost all of wage growth goes to the upper 1%, which means its debatable whether that represents "true wage growth". Some stats:

Oakland rents shouldn't be construed to be more than a local issue because the factors affecting the housing and rental prices there (Silicon Valley driving the prices) do not exist on a large scale elsewhere.

.........  Every average rent chart I've ever seen shows rent prices increasing at a dramatic margin.

[Anco_Marzio]

We don't have to think about recession, but about opportunities: recession means only that what usually worked fine now it's not more useful.
So, whe need to think different and to find other ways to solve problems.

[filharvey]

I think that if a global recession occurs,china would suffer the most as its economy is mostly dependent on exports.But india would not face such a threat since its economy is self sufficient.Even in last recession,most of the  countries suffered but india had a steady economic growth.I hope that bitcoin price would not get affected by such a recession.