For nearly all of the past decade we’ve had essentially an economy with zip, nil, nada, zero growth. Furthermore, the signs pointing to big trouble are all around and we have a mainstream media that is lying to us.
Financial analysts are saying that it is next to impossible for the stock market to keep going up like it has been recently. Ever since Donald Trump stomped Hitlery Rotten Clinton and won the presidency, stocks have been on a heck of a run, trouble is that this surge has not been matched by a turnaround in the real economy.
The performance of the stock market has one source really, large scale intervention by global central banks. Problem is even central banks can’t keep inflating this bubble forever with their buying up of equities and printing money. Central banks are major shareholders in quite a few major corporations, not supposed to be their role. This is a bubble of incredibly massive scale, and at some point it’s going to go ‘POP’ and all of us can kiss $trillions of what used to be our collective savings goodbye… poof... not a fun thought.
According to these same finance experts, the only other times the stock market has been at this sort of valuation level were before the crash of 1929 and before the dotcom bubble popping in 2000.
I’m no great finance expert, but I can read... so I’m out… they say ‘buy low and sell high’… well to me if the experts are saying the market is both inflated and peaking, then that would mean ‘high’ so I’ll wait this thing out with my money in a mattress somewhere… figuratively speaking. Not that I have a ton of personal loot as it is… seems logical to get out of paper investments and keep the tangible stuff like the property the government keeps taxing the crap out of. It’s always something.
I just might be nuts, but take a number and get in line… there are many out there already seeking a piece of that non-conforming entity that is me. That being said here’s what I see:
Trump is being unfairly hounded from all sides, continuously shaking up the staff, which means governing and fixing our country’s very significant issues is going to be a tall order.
North Korea… a euphemism for WAR… nuff sed.
Extremely high, unpayable debt and unfunded liabilities at the federal, state, local, territorial, corporate and personal levels.
The Federal Reserve raising interest rates into a weak economy and wants to dump the rough $4.5 trillion in toxic securities is bought up to save the big banks back in 2008.
Global banking in need of bailouts… or will they give depositors a shave by taking their money with bail ins?
The Debt Ceiling and Budget fights are coming up and the Feds have less than 90 days worth of loot under the current limit.
I could go on...
Like I said, I’m no financial guru, but there are plenty of real financial gurus out there running for the hills and I read and heed what they say. One legendary investor says that the coming crash will be the worst in all of our lifetimes. Another says that it’ll be the greatest transfer of wealth of all time. Yet another says, it’s not if… but when… referring to a crash… and my personal favorite… Perhaps this will be the first giant financial bubble to end smoothly, but I wouldn’t count on it.
So me personally, I’ll err towards caution and let people think I’m nuts. They already do anyway.
What will you do if the ATM stops giving out cash and you have money in your account?
We do live in interesting times.