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Its due to stock market and effect of very low interest rates.
really don't think that the stock market is in as much of a bubble as the housing market.
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Google laying off hundreds of workers and NBC News laying off several dozen staff as well as Twitch laying off about 35% of workforce (~ 500 workers let go).
Seems like there won't be a soft landing as far as the jobs market going into November of this year.
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“The dollar is finished as the world’s reserve currency,”
“The dollar is finished as the world’s reserve currency,” Mr. Bove said matter-of-factly, perched in an armchair outside his home office just north of Tampa, from which he predicted that China will overtake the U.S. economy. No other analysts will say the same because they are, as he put it, “monks praying to money,” unwilling to speak out on the mainstream financial system that employs them.
AD says
“The dollar is finished as the world’s reserve currency,”
I have been hearing that since the 1990s.
I have been hearing that since the 1990s.
China is fucked.
We're going to import LNG to Europe.
Russia seems to be doing fine lately
In terms of power grids Northern/Western Europe is light years ahead of the US (anywhere). Outages are pretty much unknown
That's far more expensive that piping it from Russia. I think the pipelines will come back.
Russia seems to be doing fine lately even after Biden sabotaged Nordstream. China does have financial issues at the moment though.
We can't believe the news that comes from Russia or China or anywhere. Even in the US.
Killing Suleimani shut the Iranians and their proxies up for years. Giving them cash always results in them getting their proxies to act up.
US debt is never getting paid. We fucked them and we'll fuck them harder as their demographics crash in China.
China is toast. Russia is toast. We're going to import LNG to Europe. This has been a long term play. We've put China and Russia back 20-30 years. Europe did it on its own. We've cemented our world super power status for the rest of our lifetimes basically.
The US produces absolutely nothing the rest of the planet needs at this point. It only creates war. There will be a time where countries simply stop buying anything from the United States.
When the dollar eventually DOES fail, you know what will happen? Food will get really expensive, for US citizens and cheap for everybody outside of this nation. Farmers will become very wealthy, and they will start exporting to foreign nations.
Why do you think Bill Gates is the largest farmer in the United States?
I think the USA is self sufficient as far as energy and food. So adequate supply will be available to not cause hyperinflation.
Also Rich Wicks I see more and more people fixing things and being more self sufficient.
Here's a chart which is very telling, Gold/S&P500 ratio
It shows something different than the simplistic notion that Gold is a hedge against inflation (or sudden hyperinflation). It shows that when QE was on full time and the S&P500 had its biggest run up, Gold was "bearish" or from the priced Gold in USDs perspective, sideways. But using the S&P500 as the denominator, it gives a better picture of what's going on.
Basically, the price of Gold can stay relatively constant, but then the market could crash.
I'm not disputing the US can produce everything people need. What you are forgetting is that producers will be able to EXPORT at a tremendous profit, and as a result, they won't bother selling internally.
People are simply unaware, and are encouraged to invest in their own slavery.
Price the S&P against Gold and Silver over the last 100 years.
I believe in swing trading the QQQ and then, in place of compounding the earnings into more QQQ, divest them into dividend stocks with a sliver in PMs.
But I don't think that will apply to basic necessities like food and energy as well as bullet which are all made or originated in the USA.
Rich, so you think they are making poor investments by investing in something like Vanguard Moderate Growth Fund (60% stocks/40% investment grade bonds) ?
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