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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (113112)	11/13/2020 12:45:12 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 116955

Re: 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 I think this is the core of our disagreement. I would say that the risk is grossly overpriced precisely because the Fed is guaranteeing so much of the market. Free market doesn't mean a free for all brawl. It means being free to make decisions based on changing circumstances. And currently the circumstances are such that the Fed is removing a lot of the risks and is going to print a lot of money. Whether or not this makes the US crony capitalism or anything else is completely besides the point when it comes to investing or trading. Those are questions for policy making and politics. But when it comes to trading/investing, the only question that matters is what are the odds that your pick will be higher within the timespan you intent to hold it.