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For your information, you can find below the description of the video "This Looks Just Like Before The Depression In The 1930s" published by the Youtube channel Only The SAVVY:
In an hour-long plus interview with Kitco News, Trader Gareth Soloway gave his take on what to expect in 2023 across multiple markets and stocks. Gareth shared that he believes we are heading toward a similar situation to the 1930s Great Depression. And the social situation plus the charts support his thesis. According to Gareth, In the 15-20 years leading up to the great depression, we saw massive technological advances, making it easier for the population to become consumers which created the roaring 20s. In the past 15-20 years, the invention of the internet and technological advances have created a population that can more easily consume, and in both time periods, the banking situations were similar. These eerie similarities have Gareth believing we are heading right off the cliff in regard to traditional markets, such as the S&P and Dow Jones. However, Gareth believes Bitcoin will be a place of growth in 2023 when all the other markets are down. In Gareth’s assessment, we haven’t quite bottomed yet for Bitcoin, but the flagship cryptocurrency is decoupling from the S&P and will be on the path to recovery sooner than other assets.
Gareth Soloway is renowned for his macroeconomic analysis, technical chart analysis, and trade signal alerts. He has created proprietary indicators like the Confirmation Signal, River Theory, Three Tail Theory, cycle analysis and a sentiment indicator that is game-changing.
► To watch the full interview:
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