See also
10.06.2020 06:41 AM
The Economist columnist John Williams believes that the unprecedented printing of money may lead to runaway inflation and the depreciation of the global currencies. In his opinion, the US financial system has totally gone the limit and will save not only every bank, but also every financial institution as well as the stock market.
The expert also claims that the real unemployment rate in the US is 35% now instead of 13% reported by the US Labor Department. His opinion is well-founded, as Mr. Williams is the creator of the Shadowstats website. He claims that there, statistics is collected without tricks that are regularly used by the government to make numbers look better.
John Williams considers that the US GDP will fall by about 50% in the second quarter thus hitting the bottom. A real renewal should be expected no earlier than in the fourth quarter because in April, the US industrial production slumped to a record low over the past century. Besides retail sales fell by 60-80%.
He believes that the price of gold and silver will rise significantly very soon.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
