TSLA & Crypto Crash
I am still on my holiday(still in sg) so pardon the formatting as I did not bring my laptop with me so writing this on mobile again… I actually had no intention to write anything and wanted to just take a break as I said on YouTube that I would be away for a one or two weeks but it seems the market is crashing hard and I just want to just a quick update to my followers
two big bad news is inflation came in at 8.3% this is worse than 8.1% expected… it seems inflation will be hovering at 8% levels for some months… I will not be surprised if inflation hits 10% in European regions as Energy and Food prices sky rockets. The difference is US produces a lot of its own meat like chicken and beef, vegetables and potatoes , they also do oil drilling on their coastal areas
while europe imports a lot more commodities as wheat,fertilizers,gas still comes from russia/ukraine.. the food crisis is getting real so eat more while you can now and try to get fat haha, food will cost a lot more in the 2nd half of 2022… my view is the recession can slow down demand bringing oil and gas prices down.. but food prices is never coming down… its only up up up.. recession or not we all need to eat and there is simply not enough…due to war and weather