China, EU, UK and US are on the verge of recession and yet the Fed wants to hike 8 more times in 2022

UK on verge of recession
EU on verge of recession
China gets more locked down by the week
US is 50% in a technical recession

But the Fed will hike 8 more times in 2022

— zerohedge (@zerohedge) May 12, 2022

The Nasdaq 100 is now down 30% from its high, the same decline as during the Feb-Mar 2020 crash. $QQQ

— Charlie Bilello (@charliebilello) May 12, 2022

"People are still processing this but this is the Lehman moment for crypto"

Hearing about a lot of funds possibly insolvent from Luna meltdown

— Frank Chaparro (@fintechfrank) May 12, 2022