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I would just hope that if rates were raised to combat inflation, the economy would have to be doing so well that it wouldn't matter. If the economy is struggling, I cannot imagine the Fed raising rates.
There seems to be two camps right now that one thinks things will heat up too much and then one thinks that things won't heat up enough even with more stimulus. Both couldn't be more different for bonds especially.
Heart, you've often stated that cash will be king and infrastructure plays will be the winners during the bust you've called for. What are your thoughts on Berkshire BRK-B and Brookfield BAM? Both are sitting on tons of cash while waiting for opportunities that the Fed, at least for now, has taken away from them. Both also own many infrastructure assets. In your opinion, are these good places to hang out waiting for and during your bust?
I don't think he's been wrong...pretty much everything he's called for is working out, except perhaps the timing, which we all know is the most difficult thing about predictions. Heck, even if he's off by a year or two on the bust, he's done pretty well.
No his calls have not worked out. TSLA has not crashed and we have not had a deflationary 75% bust. Its a pretty big deal if you're calling for a 50-75% crash and it doesn't happen and the market only goes up. And he did not predict the Corona Virus.
No his calls have not worked out. TSLA has not crashed and we have not had a deflationary 75% bust. Its a pretty big deal if you're calling for a 50-75% crash and it doesn't happen and the market only goes up. And he did not predict the Corona Virus.
TSLA has gone up since his $550 top call that I read but he did say $150 or something was his price target by December 2021. And his crash call was 50-75% from what I read. I don't agree with any of those but they have had a lot of good calls. I think the opposite of those calls that you mentioned by I do give credit where credit is due for someone who has made a lot of good calls. I am the biggest TSLA bull out there too so I think we might see $2000 by that same time so we will see.
No his calls have not worked out. TSLA has not crashed and we have not had a deflationary 75% bust. Its a pretty big deal if you're calling for a 50-75% crash and it doesn't happen and the market only goes up. And he did not predict the Corona Virus.
Exactly, the stock market crashed in March not because of Fed being out of control... it crashed because of a virus. He said we will see a crash that will dwarf 2008 in the second half of 2020 and go into early 2021. If people give this a pass... here is my prediction, within 5 years we will have a crash and it will be bad and after the crash we will eventually hit new highs again. Where is my gold medal! lol
Exactly, the stock market crashed in March not because of Fed being out of control... it crashed because of a virus. He said we will see a crash that will dwarf 2008 in the second half of 2020 and go into early 2021. If people give this a pass... here is my prediction, within 5 years we will have a crash and it will be bad and after the crash we will eventually hit new highs again. Where is my gold medal! lol
The Fed did cut back and hike that previous summer and usually that precedes a recession by about 6 months if you go back and look at all recessions in the past and what the Fed did. The million dollar question is would we have had the recession without Covid or not given the timing on both aligned perfectly.
TSLA has gone up since his $550 top call that I read but he did say $150 or something was his price target by December 2021. And his crash call was 50-75% from what I read. I don't agree with any of those but they have had a lot of good calls. I think the opposite of those calls that you mentioned by I do give credit where credit is due for someone who has made a lot of good calls. I am the biggest TSLA bull out there too so I think we might see $2000 by that same time so we will see.
But anybody can make calls or predictions that come true when there only 2 options.
But anybody can make calls or predictions that come true when there only 2 options.
I'm just talking about overall price targets. Either $150 is going to hit or not by December 2021. It is either right or wrong. I think it is really wrong but JPM also has a price target of like $90 so it could happen in that time. I don't think it will but we will find out.
Heart hit two big predictions - and I don't care that it took a pandemic for him to get last March's call right. But his third one looks to be seriously wrong, at least at this stage. We are now past the election, the dems are going to be in charge, and yet the market STILL keeps moving up.
I don't get it - but at least I wasn't stubborn enough to stay 90% cash which is where I was on election day.
Doing nothing did just fine with none of the soothsayer predicting
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