Same story, different day...........year
ie more of the same
fiat floods the world
There are no markets
"Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
A terrifying thought really. My retirement portfolio of foreign shares lost nearly half its value in the 2008 crash and never did fully recover. (Of course I've been taking distributions during the past seven years. That didn't help either.) If the account were again to lose half its value in The Great Crash of 2017, that wouldn't be pretty. So what's a guy to do? Stocks clearly aren't safe at bubble heights. Do you see bonds and real estate being safe havens during a large correction? Is there even any way to diversify out of the impending calamity?
I noticed the uptick in doom and gloom prognostications by The Who's Who of Wall Street mouthpieces. I think the elites are trying to crash the market in order to force Trump into being a one term president. In the process they can unravel and offload some of their Ponzi schemes. Will it work? I don't know but so far you have to give Trump credit for out maneuvering the elites even when they pin him into a corner.
If the news has this one right it would be the first time in recent memory. I'm with oldgaranddad. They're just wishfully trying to kick the support out from under Trump. Yes, the stock market is running on fumes for sure but the correlation between the markets and the economy is overrated.
But watch the libs really howl if their 401Ks take a hit. We all know who they'll blame.
A terrifying thought really. My retirement portfolio of foreign shares lost nearly half its value in the 2008 crash and never did fully recover. (Of course I've been taking distributions during the past seven years. That didn't help either.) If the account were again to lose half its value in The Great Crash of 2017, that wouldn't be pretty. So what's a guy to do? Stocks clearly aren't safe at bubble heights. Do you see bonds and real estate being safe havens during a large correction? Is there even any way to diversify out of the impending calamity?
I think if they did it would have to be a controlled crash of something and there would need to be some narrative on how it was Trump's fault. If they let everything go, they would risk the entire thing spiraling out of control which could or would like lead to a loss of their control. The elites seem rather content with how things are progressing, despite Trump being in office.
I'm inclined to just hang on for the ride. If I face hard times, I'll draw the horns in a little -- less bar money, fewer restaurant dinners, etc. I'm sure I can spend a couple hundred dollars a month less than I am right now and suffer nothing but a little boredom. But I honestly don't have answers. It does seem that all investment asset classes suffer at the same time during a big recession/depression. Not going to leave this world alive :)
So what's a guy to do? Stocks clearly aren't safe at bubble heights. Do you see bonds and real estate being safe havens during a large correction? Is there even any way to diversify out of the impending calamity?