1) Debts and defaults on credit cards are at historical highs.
2) The level of defaults on mortgage loans is the highest since 2008.
3) Defaults on substandard auto loans are at historical highs.
4) Student loan defaults are very high (exact data is hard to find).
5) Prices for food and products are at historical highs.
6) The US fiscal deficit is at an all-time high.
7) The US trade deficit is at an all-time high. (This is a "double deficit", unlike China or Japan, so the comparison with Japan and China will be incorrect.)
8) Companies massively buy back their shares - at maximum levels (artificially support the price).
9) Gold and Bitcoin are at historic highs (the real purchasing power of the dollar is at a historic low, the US debt is losing credibility).
10) Real estate is in a gigantic, already indisputable bubble.
11) The top 10% of the population owns 93% of the S&P500 — the absolute maximum (wealth inequality).
12) The share of the stock market, "locked up" in index funds - to the maximum (artificially supports the market).
13) The lowest birth rates in history in most developed countries. (A population collapse is coming, which can reverse the effect of index funds.)
14) State expenditure as a % of GDP is a historical maximum (~30%). (The more borrowed, the higher the GDP, brilliant, but not sustainable)
15) Retail issues "buy now - pay later" even for fast food.
16) Newcomers to the housing market are under pressure: taxes on new homes, flexible mortgage rates are rising. The use of margin among retail investors is at historical highs.
17) The level of corporate bankruptcies in the USA is almost at an all-time high.
18) The yield on 30-year US bonds is at an all-time high. (Good luck with debt refinancing). Unsuccessful auctions worsen the situation.
Once he proved to people that it is necessary to buy on the coronavirus drawdown of up to 3 thousand dollars.
It feels like it was only yesterday. And no, 5+ years have passed.
Today, five-year-old disputes about whether it will fall to $800 or whether it will recover after the crash seem irrelevant and unnecessary.
I see that history is repeating itself, only now the numbers are different. Again disputes, again some predictions, someone is trying to guess something...
Time is running out. Bitcoin is doing its thing. The smart ones just accumulate and don't get off the wave. Others argue and argue until this wave washes them away, gnawing at each other.
Tariffs finally reflected on the economy. And in the future, as CEOs of large stores warn, they may appear on the shelves. The US Fed is faced with a tough choice, but overall, a perfect storm is shaping up for Bitcoin's long-term future.
If you are not optimistic enough to buy when prices fall, then you should not become optimistic when the color of the candle turns green. Even if we go higher, running after green candles is a bad idea.
Don't chase green candles.
However, if you are Michael Saylor, then an exception can be made for you 😀