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That’s what these doomers don’t understand. If I buy a house with $200,000 of USD on Monday, there’s extremely small currency risk by Friday....or next month....or a year later. I have stability in terms of currency by and large.
Using Bitcoin to do it? Good luck. That $200,000 house could have cost you 10 bitcoins and 6 months later those bitcoins are worth 1/4 as much.
Large corporations are hesitant to operate in functional currencies overseas and often try to get out of them into USD. Imagine how terrified anyone who actually knows what they’re doing would be of holding Bitcoin.
I pretty much stopped these ridiculous doomer discussions that go into these zombie apocalypse scenarios ....let them knock themselves out with all the theories and doomer visions.
I will continue to learn to play the cards I am dealt and what will be will be ..it is nothing I can control or solve and I have no interest in dwelling on it
The stock market is soaring because of $2 trillion in direct payment corporate welfare, plus the Fed made $6.5 trillion in free credit available to corporate borrowers.
The DOW is now suffering from asset hyperinflation in light of the small problem I affectionately refer to as QE 2.2^10
This is why Bitcoin and Gold are surging.
Most of the investors in cryptocurrencies are in Asia so they're not affected by a rise in the dollar in the same way as gold investors. They devalue their currencies, especially Japan, versus the dollar.
QE is moving toward taper in 2022 and gone by 2023 when interest rate increases are planned. The central banks' handshake is on for Europe to increase their buys.
There will be a short-term equity market decline when the US dollar rises. $USD has been forming a long base since the Spring.
The real answer is no one knows what will end up being .....
The big bond gurus swore we would see 4% before we hit 2% when rates were rising ...the truth is noooooooo one knows what will be with any of the markets
They thought that the markets could handle reversion to a freer market. That was probably the goal to revert the 10-year yield to the previous maintained level during the 2000's. There is quite a difference between predicting markets and predicting policy. Policy can be telegraphed but can be subject to change. So far, that is the policy that the central banks have indicated if you decide to read anything other than user posts. The market is the kettle on the boil that the policy makers are constantly watching.
The stock market is soaring because of $2 trillion in direct payment corporate welfare, plus the Fed made $6.5 trillion in free credit available to corporate borrowers.
It's not "different this time" actually. All bubbles must burst, that is a law as fundamental as thermodynamics and gravity. This bubble is just so monstrous, and the consequences of its bursting so horrific, that the Central Banks and governments are doing everything in their power to keep it inflated. The only thing that will stop this madness is a crackup boom (which is coming).
Quote:
Originally Posted by mathjak107
actually we have had so few real crashes where valuations met what were not considered bubbles based on fundamentals and valuations you were on the wrong side of the trade 90% of the time if you bet on the bubble bursting.
bubbles and crashes are likely the most over used words in investing
Perhaps this bubble will stay the way it is without much in the way of increases or decreases for years. Isn't that the way it was in the 1970s, sans bubble?
Quote:
Originally Posted by Tencent
Nope.
The DOW is now suffering from asset hyperinflation in light of the small problem I affectionately refer to as QE 2.2^10
some really nice cars in line to pick up free food. Let's hope everyone has a nice holiday.
I think that it would be rather safe to assume that the people "in the nice cars" had them long before the pandemic struck, coming completely out of left field. Therefore, what are they supposed to do with the car?
It’s different this time, they have computers and, and...magic!
Don’t forget unicorns gliding on rainbows. And Oompa Loompas.
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