Recently, words such as "economic downturn", "economic turmoil" and "economic difficulties" have frequently appeared in our field of vision.
Looking back at the past 23-24 years, we have experienced a series of market turmoil. First, there was the hype of Bitcoin ETF, and the approval or not of ETF became the focus of the market; then there was the hype of interest rate cut expectations, and the Fed's interest rate cut decision continued to affect the market's nerves. And now, starting from July 24, a new focus topic has emerged.
That is whether the economy will fall into recession. This topic is like the story of "The Wolf is Coming", and every mention will trigger a violent reaction in the market. For example, from last night to now, a news of economic recession caused the price of Bitcoin to plummet from 59880 to 56078, a drop of 3802 points, or a sharp drop of 6%, which is really thrilling!
1. Will the economy fall into recession?
This question is as confusing as "Is the wolf really coming?" It belongs to the research field of macroeconomics and may continue to bother us in the next few months. In the end, the United States will either successfully resolve the risk of economic recession and achieve a soft landing; or the economic recession will evolve into a full-scale economic crisis, and the truth will eventually come to light.
Here, I would like to give you a suggestion: no matter how the economic trend changes, please make sure to keep half of the cash reserves on hand, and actively save money for emergencies.
At this stage of the market, cut your losses, but you are somewhat unwilling. Hold on, but you are worried that it will continue to fall. Buy at the bottom, but you are afraid of buying halfway up the mountain. If you don’t buy at the bottom, you are afraid of missing the opportunity to get on the train. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!
