(This is the chart of a random company for purposes of illustration)
Well... I don't know guys, not sure if the World economy(economies) are healthy but here are some facts:
Fact 1:
They have been printing debt...
but that doesn't mean we have to pay for it
Fact 2:
The stock markets are HIGH...
but we might look at them next year and say they are now still low
Fact 3:
Youtube is bombarding all of us with: 'dollar is crashing' - 'markets are crashing' - 'go to the bunker with your food, your gold and your AK-47' videos
but that has been the case for the last 10 years now and nothing ever happens
Fact 4:
The world economy has 2 lungs. The US (freedom through war, rule by dollar) and the Chinese (shut up and make China big China strong China number 1)
but the Chinese sneezed and the other lung got pneumonia (covid).
Fact 5:
Almost everyone is still alive, all economies had major lockdowns, economic activity froze or turned online, the governments printed money, 50 vaccines were created in record time and we are all gradually getting out of this mess.
but we expect inflation, which is not coming at a scary size yet (you see, technology beats inflation)
Fact 6:
ALL the data is GREAT at the moment.
Jobs? GREAT! Sales? GREAT!
America? GREAT! Australia? GREAT!
Ze Germans? SHTABIL! GREAT!
Ze Russians? HARASHO NORMALINA! GREAT!
โจThe Chinese??? well, read belowโจ
Fact 7๐โจโจโจโจโจ:
The Chinese are about to announce their GDP (Gross domestic product) for the Quarter. It's being announced in 6 hours from now.
The forecast is a NEVER-EVER-SEEN-BEFORE 18%+ (!!!!!!!!!!!!!!!!!!) ๐ฎ๐ฎ๐ฎ๐ฎ๐ฎ
EIGHTEEN PERCENT??? ๐ฎ๐ฎ๐ฎ๐ฎ๐ฎ
Well, I have never seen an 18% increase ever before. Last one was 5%, normally the Chinese had an average of about:
6,2% in 2019
6,7 in 2018
and in the best years they had around 10,7% in 2007
IF THEY EVEN COME CLOSE TO THE FORECAST TONIGHT, THEN WE COULD BE LOOKING AT A VERY GREEN FRIDAY TOMORROW AND A VERY PROMISING NEXT QUARTER FOR INDICES AND CRYPTOS ALIKE.
Why? Because it's a small tiny world we live in and if China is going well it's great news for everyone else too.
To me, it looks like a scenario where I need to Buy, not to Sell or panic... but I am not always right and I can give you no advise. I am just sharing how I think and what i do... i am BUYING!!
One Love,
the FXPROFESSOR
PS. will everything crash eventually? Yes, maybe but not now, not this year, not before they dare increasing any interest rates. An even if it all crashes we are holding the answer in our crypto-wallets.
PS2. Not on cryptos yet? Maybe buy TONIGHT!