Bixley

SPX recession or depression? Read!

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TVC:SPX   S&P 500 Index
Using this helpful indicator we are able to plot past recession on the S&P index. Including the Tech bubble (dot com bubble) in 2000 and the financial crisis in 2008. Now we are in 2020 and we are struck with a worldwide virus, meanwhile disruptive technology is present (blockchain), with the goal to push for a cashless society. Will the virus be the spark that pushes us into a worldwide depression? I don’t know too much about recessions and depressions but feel free to leave a comment with your knowledge, the main thing you need to know is depressions last longer with larger unemployment rates. Will blockchain innovation literally save the world from economic collapse? Feel free to share your thoughts..
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