Germany consumer confidence. Wow! 📉📉📉 https://i.imgur.com/3QUx3jV.jpg

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

NYC macro, venture and crypto investor; MIT engineer; chess master

I think it’s a strong recession but also I think there is a bit of hysteria as well

Either this is a negative confidence bubble or it’s a deep recession coming next year.

Going to be really hard to keep manufacturing up this winter

if you flipped the chart upside down it wouldn't be so bad