Reply to post: Re: Bitcon falling but not fooling

Crypto crash leads to inventory pile-up at Nvidia, sales slaughtered

CountCadaver Silver badge

Re: Bitcon falling but not fooling

The way I see it the big risks at the moment are

Crypto

Isolationism - USA and No Deal Brexit

Brexit generally - Its the biggest piece of idiocy since the Tories dreamed up "Austerity" and flatlined the economy, all part of their scheme to send us back to the 1950s (i.e. no worker protection, no HSE, USA style fire at will, no safety net, no opportunities elsewhere for many) but with a large surveillance state to keep us in line.

Stagnant wages (no matter what the media say, I know plenty whose hourly wages are the same as they were making 18 years ago and its a double hit due to inflation. These aren't unskilled workers either, these are skilled manufacturing workers - something that should be the backbone and powerhouse of the economy, who were laid off multiple times through mismanaged companies, every re-hire wages dropped, only now are some of them back to where they were at the turn of the century

Weak consumer demand due to stagnant wages and cost of living rapidly increasing. Consumers no buy rest falls apart, this despite a ream of newspapers printing "Biggest boxing day turnout in a decade", "thousands queue for a bargain" "Relief for retailers" when the reality was virtually no one showed up and those who did, weren't buying much. Orwell would recognise much of this.

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