Yes, I am opposed to this. The politicized Fed is a corrupt entity. It is destroying this country's long term future in pursuit of a short term extension of a business cycle in its last days, which of course will help Trump win re-election. Although, I want Trump to win, I never agree with any President that embraces monetary and fiscal irresponsibility. I agree the short term pop in oil and gold is due to the killing of Suleiman, but the macro backdrop for a gold bull market is undeniable right now. It's a perfect setting for gold to outperform in the long run. Everything I said in my last post holds. Gold is a great investment right now and will be until the stock and bond markets have their come to Jesus moment in the very near future.
And btw, ultimately, my allegiance is to this country and the continuance of its great experiment in Democracy and Capitalism, girded by our strong Constitution. I don't have allegiance to any single person or President. I like Trump and I will continue to vote for him, because most of his policies overlap with what I want my government doing. In addition, I like the fact that Trump is not much of a politician and that he keeps his promises. Also, I think our enemies are beginning to understand that Trump will take them out to the woodshed, if they mess with us, unlike with Obama where he sent Iran $150B in cash to continue their campaign as the world's largest sponsor of terror. I also understand that a vote for Democrats nowadays is a vote for Communism with a short stopover with Socialism. So I can never vote for any Democrat who espouses those ideologies.
However, I don't agree with everything Trump does. I don't like his deficit and debt binging. I don't like his weak dollar and low interest rate policies. And I don't like that he doesn't seem to understand that Latin America should be the best allies for the US and that we should be focused on creating a giant capitalistic trading block across all the Americas, North and South, to ensure they stay in our sphere instead of getting won over by the Chinese.
Lastly, I separate my money from my politics. At the end of the day, I invest based on my knowledge of macro and micro economics, monetary policy, and all the other business acumen I acquired over many decades in the real world. To invest based on your politics is a quick way to lose a lot of money. Anyway, this isn't really supposed to be a politics thread. I know where you stand and you have every right to hold whatever political views you want. I'm more interested in your thoughts on trading what will be a hugely volatile 2020. Could be a good environment for you. What will you be trading the volatility on to make money? |
