Global Crash Is Coming - Raoul Pal (Buy Ethereum)

Global Crash Is Coming - Raoul Pal (Buy Ethereum)

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In this interview, Raoul Pal discusses the current global economic slowdown. He also touches on the recent rally in the price of the US dollar and why he thinks ethereum is the best investment right now.

Here is the summary of the content:

There is a slowdown in the global economy, and the recent piece of data is just an outlier. The general trend of data is getting weaker and the Citibank Economic Surprise Index has gradually fallen below zero. That is a basic lag from the Chinese economy and other parts of Asia. And it has a lot to do with demand brought forward. Also, the high rise in prices has caused a complete collapse in demand for certain goods, particularly big-ticket items, secondhand cars, housing, and general large consumer durables. All these have seen consumer confidence fall while things like buying climate are at their worst levels.

People have thought we will see this flow through in terms of consumption patterns. Japan is the third-largest economy in the world, so the issue of the spread of COVID-19 during the Olympics matters. It seems half the athletes have got COVID, and the pandemic is spreading like wildfire through the Japanese population. The rate of growth is not as fast as it has been.

Many analysts believe that the economic stimulus after the Sugar Rush generally leads to more stimulus. Bond yields spent most of the time falling and rallied again for two days before non-farm payrolls but by next week may consolidate sideways for a while around those levels and make the push down to 1%.

Another big news of the day is that the dollar broke the huge inverse head-and-shoulders pattern while the Euro has a perfect head-and-shoulders pattern around 118, which broke on Friday. Euro also touched the trendline before bouncing and then broke below it later, suggesting that the Euro could go down to 110 per dollar. We've got a strong dollar rally to come, which is commensurate with the risk-off phase.

The US dollar will likely rise fast in the coming months. But China is not doing well right now. Things aren't comfortable geopolitically in China as there are no capital flows from there. USDJPY has been trading sideways. If Japan has to come in and stimulate the economy, they will have to shut down the economy again. However, there's a chance that USDJPY will move out of the range. So, micro is back in play right now.

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We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA, and other altcoins. 🗠

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