Loss..

 

So many economists are commenting on the current economy. While today is good economy, yet the near future is going extremely difficult.

Before complete recovery from the Covid Pandemic, and the wasteful spending following, now we are looking at the Abyss face to face.

The Federal Reserve increased the Intrest Rate by 1.5 % in the coming 3 months. Mortgages and Loans will be much higher.

The Fed also decided to reduce the Quantitative easing, poured to the market earlier, reduce over one trillion dollars annually.

The Stock market became skittish.   Global markets have lost $6 trillion in value over the past six days, according to S&P Dow Jones Indices. Stock markets around the world are plunging into correction territory as investors fear the surging of coronavirus cases outside of China and the attempt to controll the inflation in USA and Europe. Just a "Skittish" thought.