Category: European recession

From Crypto Carnage to a Financial Crash?

Cryptocurrencies have been on the doldrums since the ‘Crypto Carnage’ of Spring 2021. Over the weekend, a Bahama-based crypto exchange FTX Exchange collapsed. It will probably not be the last one. Due to the massive financial speculation, induced by the credit (QE) programs of central banks, the crypto market grew into a hub of speculation….


PIMCO Chief Warns About Potential US Recession, ‘Significant Growth Slowdown’

Andrew Balls from investment firm PIMCO has warned about the possibility of a recession in the United States, with Europe likely to face a similar situation. The chance of America slipping into a recession over the next 12 months is “probably more likely than not,” the global chief investment officer for fixed income at PIMCO…