Captain_Walker
Education

GET READY: A big fortnight ahead!

FOREXCOM:DJI   Wall Street CFD
This is an educational post - compliant with the house rules on text-based contributions - showing some of the tension between monetary policy taken by the FED and real world fiscal issues at deeper levels. Click and drag chart if all text does not show. Thanks.

The tension has caused whipsaws in the US Dollar , and price of Gold . The IMF has declared a global recession and several countries have gone into recession.

Reputable opinion out there is that the world is heading for an economic depression based on a 50 to 75 year cycle, which is coinciding with a 10 year recessionary cycle.

I have no doubt that central banks around the world will have limited success in propping up economies. I'm more concerned for the longer term view.

Last week extreme volatility took a break compared to the previous week. The next 2 weeks could see a return of volatility to indices and forex markets.

Stay safe, fellow traders.
Comment: China’s first-quarter GDP is expected to fall 10% compared with the previous quarter, and 6% down on a year earlier. This is projected to send shockwaves into Europe and other nations. Currently China is 20% of world GDP, and this was projected to reach 21.39% by 2024. Now those figures will suffer corrections.
Different perspective https://youtu.be/NjTdvALChwk . I do not do predictions. I do not provide advice online or offline. I do not wish to be approached by anyone seeking to recruit me to any service. I don't want anybody's money! That's final.

Comments

Did you draw that ?
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@dRends35, Of course. All by myself. Cool eh? LOL 😀😎
+1 Reply
dRends35 Captain_Walker
@Captain_Walker, Yeh pretty good. i can't draw with the brush lol
Reply
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