JoyBoyVegae

Biden, McCarthy debt ceiling meeting.

FX:NAS100   US 100 Cash CFD
Does this means USA is in trouble ? Yes we are in fact..they had a meeting about to raise the ceiling but became without a deal.. US dollar is no longer a global superpower as China Won dollar is taking over.

Meanwhile we might expect the fed speech sometime this month if raising rates needed but the economy had already felt the impact.. if not needed then they can pause it.. while it’s going until the pressure is impacting the economy worse.
The rate cuts we won’t expect until end of the year does this mean the recession?

The monster recession is actually is coming but we might expect the government will go into default and shutdown before June.. if things didn’t happen then they should have plans to save the economy.

The fundamental recession will happen but if it happens then we won’t expect the bull market to return until the year of 2025.
NAS100 has the high possibility to go below 10,000 area.
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