Our economic house of cards faces a tough week

In this Bloomberg article, they describe this coming week (6/11-15/2018) as the "world economy's most important week" of the year.  We will see the fallout from President Trump's spectacle at the G-7 conference, then comes the North Korea fiasco.  Tell me again why we're giving this much credibility to a brutal dictator?  Oh yeah, he's friends with Dennis Rodman and he has nukes.  Rodman WILL be in Singapore for the summit, representing a cryptocurrency for buying weed.  Really.  Then we may see an interest rate increase from the Fed here in the U.S., and actions (or non-actions) by the European and Japanese central banks.  Honestly, it will be a freakin' miracle if the economy still looks stable on Friday.

Just a reminder, I wrote in this blog that I believe that April 4th, 2018 will be seen as the start of the looming Great Recession II, The Sequel.  Obviously, I could be wrong, but I think that in the long term, this will be seen as the case.  In the short term, media always denies a recession for the first six months or so that we're in it.  Also, at the beginning of May, I said to keep an eye on Germany's Deutsche Bank, it's sketchiness will likely play a role in the world economic downturn, and ours here in the U.S. 

Time will tell...