Amid trade tensions with China and some signs that business activity may be slowing, consumer spending is the driving force that has propped up the economy for the past year.
Low gas prices have played a substantial role in maintaining hardy U.S. consumer spending — and that has kept the whole world from tipping into recession.
Cheap gas also has helped to provide fuel for the 10-year economic expansion and, should they remain historically low, would provide a soft landing for any imminent recession.
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Cryptocurrency Will Shine Through the Coming ChaosWhile the U.S. spends and spends and spends its way into oblivion, the eventual result will be inflation. Serious inflation. The dollar will crash, gold will shoot higher and Bitcoin, well, it can only become more scarce and more valuable. There’s a natural ceiling to the number of Bitcoins that will exist — ever. By design, there can only be 21 million of them. Soon, the ceiling will be hit. Now is the moment to get into cryptocurrency. There’s a been a rise of late, but prices are consolidating, setting up for the next leap higher. Grab Keene Little's widely followed cryptocurrency newsletter, Crypto Wealth Protocol completely risk free.
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