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Why Bitcoin & NFT Trading Has Crashed

(8/30/22) Markets are on sell-signals, so use any rally to sell-into and raise cash, rebalance portfolio risk; the impact on credit spreads by rising interest rates will reverberate through the economy. We are likely not through the corrective period. 60% of Americans living paycheck to paycheck--down from 61%! Is the pain worth the fight on inflation? why investing doesn't work as advertised. America exports inflation and imports deflation; what happens when the EU does the same? Top Things Workers Want from Their Jobs; arranging for permanent time off. SIUB: Suck It Up Buttercup and get back to work being productive; Why Bitcoin and NFT trading has crashed. Bitcoin is the "Pet Rock" of the 2020's; Pet Rocks were the NFT's of the '70's. Meghan Markle got the royal shaft; Markets need a reflexive rally; still trying to price-in what the Fed will do. The feedback loop of economic pain = slower economic growth = lower corporate earnings = more job losses & pain. Why the economic recession will be worse than we're being told.
[NOTE: Today's live-stream was established late due to technical difficulties (I'm looking at YOU, Wirestream and Livestream...)]
0:00 - Credit Spreads & Interest Rates
11:08 - Is the Pain Worth the Fight on Inflation?
16:50 - Top Benefits Workers Want
26:54 - SIUB - Return to Work
28:10 - Bitcoin and NFT's are the Pet Rocks of 2020
40:55 - Meghan Markle's Royal Shaft
42:28 - Why the Economic Recession Will Be Worse Than Expected

RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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Our Latest "Three Minutes on Markets & Money: Will a Hold at the 50-DMA Level Continue? " is here:
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Articles mentioned in this podcast:
"Market Sell-Off As Jackson Hole Leans Hawkish"
https://realinvestmentadvice.com/market-sell-off-as-jackson-hole-leans-hawkish/
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#InvestmentAdvice #BitCoin #NFTtrading #Inflation #InterestRates #ReturnToWork #EmployeeBenefits #PetRock #NFT #MeghanMarkle #Markets #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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