Re << In the degree we do note it... they try to suppress the price of gold and silver... or, failing in suppressing it in absolute terms... generate sufficient volatility that it might serve to obviate the awareness of the trends in the long term variation by burying it in artificially large short term variations... as silver dropping $2 from $28 on July 14 to $26 on July 17 for no obvious reason at all... ?
That means public policy re inflation is the same thing as frogs in a pot of water warming toward a boil... who do not notice that the water is warming because the pace is relatively slow over short periods of time...
If the water does start warming up too fast and the frogs notice ? That's the point when the pot operator has to intervene... to reassure them, that, no, the water is not warming up... while throwing in a few ice cubes now and then to emphasize the point... >>
‘They’ are phucking phucks.
But sure, I see that ‘they’ see they have responsibilities. I get that. It is their phucking job to try best to play ‘us’
I do not feel good for Jeremy having to intone into the crowd from the wilderness, and voice against Warren about the equity future. At times I think, “why can ‘they’ not dilute until gold should reach 5,000 but stays at 2,000?”
bloomberg.com
Jeremy Grantham’s Firm Says Stocks Are Overpriced and Social Media Is WrongThe money manager expects investments to lose money in 10 of 11 asset classes over the next seven years.
Suzanne WoolleyJuly 23, 2021, 11:11 PM GMT+8
One of the investing world’s most prominent bears says that the meme stonk crowd has it wrong: Not only are some stocks priced too high, nearly all companies are in fact overvalued.
By every measure, U.S. stocks are too expensive, says Boston-based asset management firm GMO, whose co-founder Jeremy Grantham warned that stocks were overvalued before crashes in 2000 and 2007. The firm said social-media criticism of its bearishness is misplaced.
“Many among the Twitter-sphere and other social media discussions have expressed frustration with GMO’s bearishness,” GMO said in a report. “Many have also wondered aloud whether GMO is not giving enough credit to some of these high-growth, new-business-model ‘disruptors.’”
Its seven-year expectations predict negative returns for 10 of the 11 asset classes it tracks, according to the company’s second-quarter forecast report.
U.S. stocks are near record highs, driven by gains in technology firms including Apple Inc., Microsoft Corp. and Amazon.com Inc. Higher earnings expectations have, for now, eased worries over the delta coronavirus variant and economic growth that had hammered markets earlier this week.
GMO conceded that some companies may deserve a high valuation. But “they’re also ALL being priced that way, and for us, that is a bridge too far,” the company said. “If one must own U.S. stocks, however, as many institutions and advisors do, we suggest leaning into value and cyclicals while maintaining a quality bias.”
There's One Standout Asset Class in GMO's Grim ForecastSource: GMO
Emerging-market value stocks are the lone asset class GMO expects to have a positive return over the next seven years, after taking inflation into account. Since GMO’s first-quarter forecast, its expectation for U.S. large-cap stocks slid from an annual inflation-adjusted seven-year return of -7.3% to -8%, while the projected return for American bonds fell from -2% to -3.1%.
Also read: Bubble Expert Grantham Addresses ‘Epic’ Stock Euphoria
Japan small value stocks are also attractive, GMO said. “Our forecasts are not all doom and gloom — in fact, they’re far from it,” the company said in the report.
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