Introduction:
The CoPay Card stands as a unique financial instrument, providing a seamless transition between the realm of cryptocurrency and the everyday fiat currency. Founded in 2023 by Sarvesh Agrahari, CoPay has revolutionized payment processing, offering businesses and individuals the ability to effortlessly transact using cryptocurrencies like Bitcoin within Mastercard's extensive network. In this article, we delve into the essence of the CoPay Card, its functionality, history, and the transformative impact it brings to the financial landscape.
March 27, 2024 - The US economy is roughly 70% consumer based and the rest "other" (government and business to business direct). So . . . when the US consumer catches a cold, the economy gets the flu (so to speak).
Up for your consideration is a couple of metrics about the US consumer. The top chart is the amount of debt consumers are holding and the lower chart the interest rates for short term debt, a.k.a. credit card debt. My thought is that this economy has certainly recovered and it's because of the consumer; not surprisingly. More than likely because of the pent up demand caused by COVID and the urge to "get back to normal", though it's more like catching up to normal.
This does not mean that the economy or markets need to go down, but does likely mean they won't go up nearly as fast a rate as what we've seen. A sideway market or a minor (5-10%) correction would be entirely appropriate. The question is what event will trigger that?
Until then, I'm invested but with Cash available to add as a continuation of a market move high develops. ***Happy Easter to All ! *** ............. Tom ................