Quote:
Originally Posted by CoachKandSportsguy
lets see, gold is down to $1660, off from almost $2,000 a year ago. . . the 10 year US bond is about 1.5% give or take. . . not looking like the investment community is as nearly worked up as the TOTV posters with one data point. Fed Powell discussed labor the opening of the economy being faster than anticipated due to the vaccine, and the work from home movement is starting to reverse, with companies requiring workers back in the office, most in a hybrid model, so expect life to return back to pre-pandemic normal in a few months. . . also, Powell mentioned that he is expecting two rate hikes in the next 18 months, and the market cratered for the week. There is nothing to worry about yet. the current year over year inflation is transitory, for now. .
start living in the present. . .
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Head in the sand viewpoint, IMHO. This is a huge mess and socialism has arrived. There is no way for the government to fund all programs, future programs and treats being handed out for little to no effort without extracting money and programs from those who work/worked and save/saved. There is a big effort at this time to go after inheritances and estate monies. So all of those people who wasted time and money setting up trusts, in the event they had anything left at the end of their lives, too bad. The best thing you can do at this point is to p*ss through your savings and get on the public tit, like so many others. I only hope there isn’t a single loophole for senators and congress representatives to squirrel away their mass fortunes.