gloom

dropglobalnews

"The next couple of years are shaping up to be solid for the U.S. economy. Inflation is returning to normal. As that happens, the Federal Reserve is preparing to cut interest rates. A huge burst of infrastructure spending under the Biden administration has taken time to ramp up, but projects both small and large are likely to break ground in earnest in 2025 and 2026.

Things can always go wrong — the job market could cool more than expected, financial market problems could surface, and risks tied to the election in November could stoke uncertainty — but the base-case outlook is bright. The question now is who will get to take credit for it.

One clear answer: It won’t be the person who shepherded some of the policies that are laying the positive groundwork."

Hope we finally get a Roaring 20's. I want to see Ethereum at $35,000 and Solana at $2000 as I was promised. (Also DEGEN at $1)

https://www.nytimes.com/2024/07/25/business/economy/2025-economy-president.html

"The next couple of years are shaping up to be gloomy for the U.S. economy. Inflation is about to rebound sharply. As that happens, the Federal Reserve is preparing to raise interest rates like never before. A huge burst of infrastructure spending under the Biden administration set for 2025 and 2026 is about to be canceled by the incoming administration.

Things can always improve marginally — the job market could suck less than expected, financial markets could avoid the worst of meltdowns, and risks tied to the election in November may be slightly overblown — but the base-case outlook is gloomy as ever. The question now is who will get to take the blame for it.

One clear answer: It’s going to be the person who shepherded some of the policies that are laying the groundwork for this clusterfuck."

We’ll see a return to 2008. I expect to see Ethereum at $80 and Solana going to zero. (Also DEGEN at 1 Zimbabwean dollar)

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas