What economic plan? Deliberately crashing the economy due to a fake virus and allowing previously closed businesses to reopen is now considered an economic plan?
You have to keep in mind that economists and politicians measure how well the economy is doing by how the 1% (the super rich) is doing. So, if asset prices are rising, which is obviously good for the 1% since they own most of those assets, that means that the economy is doing good (according the economist and politicians). It never crosses their mind that the same asset-price inflation is a disaster for lower and middle class families since it results in a higher cost of living. As an added bonus: There's a story floating around of how the richest people's wealth has grown $5 Trillion Dollars since the scamdemic began while the working class lost roughly the same amount.
You have to keep in mind that when they say the economy is doing well, they measure how well the economy is doing by how the 1% is doing. So, if asset prices are rising, which is obviously good for the 1%, that means that the economy is doing good (according the economist and politicians). Never mind that the same asset-price inflation is a disaster for lower and middle class families. You have to keep in mind that when they say the economy is doing well, they measure how well the economy is doing by how the 1% is doing. So, if asset prices are rising, which is obviously good for the 1%, that means that the economy is doing good (according the economist and politicians). Never mind that the same asset-price inflation is a disaster for lower and middle class families.
We're moving towards a Jim Crow society of vaccinated vs unvaccinated. The way that you hear blacks in America were alleged to have been treated during Jim Crow? That's how unvaccinated people will likely be treated.
In short, companies aren't making higher profits by producing and selling more, they're just charging a higher price. Yet, we're told that this isn't inflation that we're seeing.
Isn't it amazing how these people feel that the rest of the world should be forced to live in fear because THEY are afraid? Isn't it amazing how these people feel that the rest of the world should be forced to live in fear because THEY are afraid?
"What’s amusing though is the inanity of gold bears and Wall Street analysts (read: airheads) who find one ridiculous narrative after another each day to justify the continued selling and cheapening of a commodity that’s supposed to be the world’s number one hedge against inflation—in what is interestingly described now as one of history’s most supercharged moments for inflation."
EXCELLENT point.
I reached a similar conclusion...that U.S. equity indexes are more than likely gonna retest those lows before rising again. Therefore, I'm still not a bear.
I expect to see the Euro rally next week, test the areas of the previous swing high before falling. If I want a short-term swing, I'm a buyer at these levels.
Bonds are headed down. What I expect to see is a rally in bond futures next week to test that high level before ultimately falling. The question that naturally arises is whether or not the fall in bonds will lead to a rising equities market. I'd like to think so.