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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (1459)	4/3/2020 4:44:53 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1504

I think we retest the lows and break through to a new low. I think we'll see 50-60% down before this is over. We are watching the "Greatest Depression" getting started. This will be complete economic collapse. The currency crisis is brewing and might become a reality, although I think the odds of hyperinflation are only around 30-40%. More likely is a bout of inflation in the 5-6% range, which the Fed can get a handle on by tapering and raising rates. However, I'm thinking we may see a return to the 70s and 80s. I am now positioned with 80% cash and 20% stocks. Sold all my bonds this morning, because they were too heavily weighted towards MBS and CMBS. Walked away with a tidy profit from holding the last 2.5 years. Am thinking to use that cash to buy up some TIPs and a little more gold & silver. I'm staying very defensive. Fauci is interesting. I wonder if it may be time to tell the doctors that we need to balance the certainty poverty related deaths that will happen if we continue down this path of economic destruction with the certainty of COVID deaths if we do not. We may need to start spending big on anti-body testing, so we know who can be released back to work. This thing of keeping everyone housebound has to end sometime soon, or the cure will be worse than the virus.