Recession fear continues to mount by cravis

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hive-167922 · @cravis · Sep 25 '22 (edited)

$0.07

Recession fear continues to mount

![Fear.JPG](https://images.hive.blog/500x500/https://images.hive.blog/DQmPykhuGwGUXVR8VsA5exEUyKwAMJTkPjuqjjPNiKpSLu2/Fear.JPG)
Source: [CNN Fear & Greed Index](https://edition.cnn.com/markets/fear-and-greed) as at 23 Sep, 7:58pm EDT  

The Fed once again communicated its aggressive stance in the fight against inflation, with most of them seeing the rate climbing above 4.5% in 2023, higher than the prior estimate. The 2-year Treasury yield, often seen as an indicator of the fed-funds rate in the future, is continually climbing too. 

With these, the equity markets took another fall, with technology stocks leading the plunge. Although there's no direct correlation between economies and the crypto markets, I am not hopeful that crypto markets could pick up anytime soon when market sentiments are very low. 

I really wonder how 2022 will end off for all markets. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cravis/recession-fear-continues-to-mount)

👍 neoxiancity, vaynard86, blitzzzz, relf87, isnochys, pandachef, bhattg, irfanm, genming, mrhaldar, memesupport, waivio.curator, humbe, zaku-ag, oldtimer, class101, etorobong, valchiz, anikys3reasure, writeandearn, olaexcel-ag, xawi-ag, joeyarnoldvn, ladymisa, r-ag

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@genming · Sep 27 '22

!PIZZA for you

👍 cravis

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@hivebuzz · Sep 26 '22

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<table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week.</td></tr>
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@humbe · Sep 25 '22

@cravis  
The fight against inflation is becoming a nightmare. In our case, the South African Reserve Bank's Monetary Policy Committee (MPC) has hiked the repo rate by 75 basis points. Our repo rate is now 6.25% per year from 23 September 2022, with prime now at 9.75%.

I also think the crypto market will likely struggle to make significant gains. But crypto investors can also take advantage of these depressed prices to lower their cost basis and position themselves for profits when the market regains momentum.

👍 cravis

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@pandachef · Sep 25 '22

!PIZZA for you, fellow metafren

👍 cravis

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@pizzabot · Sep 27 '22 (edited)

RE: Recession fear continues to mount

<center>PIZZA!


PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments:
@genming<sub>(4/5)</sub> tipped @cravis (x1)
pandachef tipped cravis (x1)
vaynard86 tipped cravis (x1)


<sub>You can now send $PIZZA tips in <a href="https://discord.gg/hivepizza">Discord</a> via tip.cc!</sub></center>

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@poshtoken · Sep 25 '22

$0.03

https://twitter.com/edgejunbin/status/1574112019292168192
<sub> The rewards earned on this comment will go directly to the people( @vaynard86 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

👍 acidyo

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@relf87 · Sep 25 '22

I think markets will generally do well in the long term and it's probably not worth timing the market.

👍 cravis

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@vaynard86 · Sep 25 '22

!PIZZA for you, fellow metafren

👍 cravis

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