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Gold/Mining/Energy : Gold Price Monitor
GDXJ 124.050.0%4:00 PM EST

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To: Sun Tzu who wrote (113111)11/13/2020 11:28:02 AM
From: Real Man1 Recommendation

Recommended By
claireg

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There are no free markets in the United States due to the enormous presence of the Fed with its printing press. The risk of default in private bond market and mortgage market is grossly underpriced because the Fed now guarantees the entire United States bond market. As such, the US market is tied to the perception of the market of that guarantee. The market currently believes the Fed will always be able to backstop it. I disagree. Grossly distorted markets tend to adjust to correct gross distortions. The Fed is not too big to fail, and it will fail in the next bear cycle. It will be horrendous, and you better believe it! The Fed is now the guarantor of last resort. This is hardly different from currency markets flying off a currency peg or a commie economy freeing prices. This is a crony-capitalist economy based on the Fed pumping asset prices with printed money and distorted peg on interest rates. You say I have to invest in it because I have no other place? How about Outside the country (China) or outside the system (gold/crypto)? The entire world did not fuck up to the extent that we did. Japan did, but that was 30 years ago. Their stock market returns were not exactly spectacular since -g- I don’t disagree with RB, you can, and should put your money outside the US stock market, which will have less risk of once a generation destructive secular bear because stocks that are reasonably valued will rebound after 2-3 years like US did after 1990 recession.
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