Batten down the hatches! A Storm’s upcoming!
Howdy, y’all!
I did not find the time to write actively on Steemit for a few month. But I really appreciate y’all, you didn’t unfollow me in that period of time.
It was quite a productive time for me doing my first steps as investment manager for a bigger audience than before. There will be more information concerning this in the next posts ;)
The time I chose for doing such a step wasn’t random. In my opinion the global economy is leading towards a longer recession and my ambition is to save the money of my investors during this hard time at the stock markets. But no one can predict the exact starting time of the Storm, because the factors causing it will be spontanous. All we can do right now is listening to the first signs of a possible downturn...
And here is such a sign which I find very interesting: there are more Americans than ever before, struggling with paying of their bills on car loans.
If you realize that car loans are much easier to pay, that e.g. house loans, than it is a bad point for the financial power of middle class households...
What do you think are also signs for a possible upcoming longer recession?
G’day!
artjom13