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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Keyword....YET! Here's the deal. We all know the markets are being manipulated, propped up. And I am not just talking about the stock market. All markets. Stock market, bond markets, even gold and silver. We also know this can only go on for, well, no one knows.
Do you really believe Powell? Do you really believe this country can keep running on credit cards? Do you believe we will ever really get back to pre-pandemic normals? It would be interesting to know how your money is invested. I hope not in the stock market. Hopefully heavy in Silver and gold. I feel bad for our grandkids.This bubble is gonna pop.