Hopefully you are enjoying a long holiday weekend and getting away from Wall Street.
Main Street is the prefect venue to observe and pay attention.
Inflation is high I don't like it.
But what I don't like is people who complain about it.
These are the same people that tell tell you how much their home went up in value or how large their investment portfolio is. Or how valuable their precious metals are
Cut the crap everyone<> everything is totally over valued<>and yes we know why.
1971 we went off of the gold standard and poof we are all here because of it.
So take some profits as you recommend and pay for the inflated prices.
That's what profit is for??
Look for the next best opportunity and be patient.
There is one that I believe in and I am far from a resident expert.
Yes I agree with much of what you say from an investment perspective but I can live without the theatre and the comments about individuals.
Personally keep it from the heart and you sound to angry at times.
Moving on.
Bitcoin became a hustle when we let them (you know who) was allowed to begin trading futures etc.
The set up<> a little over a year ago when all the big hedge funds and wealth advisors recommend that everyone should have a small position in this space.
Goes from $1 trillion to $3 trillion in a heart beat.
Artificial Intelligence Trading machines takes over trading and undresses $2 trillion from the small uneducated investor/trader. HODL
Weakness persists in this system<>why it's not fully developed.
So from my perspective block chain is here to stay.
I own a half dozen names in this space.
However I continue to allocate a set amount on a monthly basis to Cardano ADA.
It's blockchain system continues to grow and I believe will survive as a good one to hold onto.
Yes the big $$$$and high flyers have all set out to sell you what they think is the best.
So Greg do me a favor and do some research on Cardano and let me know your thoughts.
Enjoy the day on Main Street and buy that homeless person a meal.
An organization with which I am affiliated invests a pool of money. Those responsible ignored my pleas in Jan & Mar 2022, to at least skim some profits. No, whatever downturn will soon enough be offset by recovery; can’t afford to be in cash and lose to inflation. CHUTZPAH!
They – and many here – ignore that, after major smash-down, it takes more percentage recovery to offset than the original percentage decline. And, they ignore what I think – like GM – will be another melt-down.
This can’t occur? Look at 1973-74 that was relentless for 2 years. Far better to lose several months to inflation than lose much more to stock collapse. DUH!
Rising interest will kill all the zombie-companies. On purpose. There are many. There is no longer any reason for companies to borrow in order to invest. Consumers can no longer borrow because of rising prices and impending unemployment. The only borrower left is the state. Because someone has to take out new loans in the system to keep it running. At the end of the financial cycle, it's the state. that's what we're seeing now. In order for the state to be able to take out these new loans, it always needs new crises, which follow one another ever more quickly and are each time worse than the previous one. Because more and more loans are needed. Money is only created through loans. I think they're not done with it yet. so inflation will be fueled by even more debt and the stock markets will soon rise again - a lot.
So is it just Business as Usual for the FED, ECB & other world central banks??
I Really thought we were seriously all done for in 2008 with that “Major Scariey CRISIS” , and yet somehow “they” the Owners of the Central Banks (who create all the Crisis’) manage to somehow keep the plates spinning…
Who knows, maybe they keep it going for another 14 years & then some, yet again…
Oh, and the current brain-dead, puppet called the US Prez is just “their” latest Fall Guy (he even practiced for them on his bike this weekend, LOL) … same as it’s been since 1913…
Greg, have you considered that a contributor to the recent rise in the 10 year T-bond is due to institutions, who have had margin calls, scrambling to acquire collateral for their margin accounts?
Good Morning Greg
Hopefully you are enjoying a long holiday weekend and getting away from Wall Street.
Main Street is the prefect venue to observe and pay attention.
Inflation is high I don't like it.
But what I don't like is people who complain about it.
These are the same people that tell tell you how much their home went up in value or how large their investment portfolio is. Or how valuable their precious metals are
Cut the crap everyone<> everything is totally over valued<>and yes we know why.
1971 we went off of the gold standard and poof we are all here because of it.
So take some profits as you recommend and pay for the inflated prices.
That's what profit is for??
Look for the next best opportunity and be patient.
There is one that I believe in and I am far from a resident expert.
Yes I agree with much of what you say from an investment perspective but I can live without the theatre and the comments about individuals.
Personally keep it from the heart and you sound to angry at times.
Moving on.
Bitcoin became a hustle when we let them (you know who) was allowed to begin trading futures etc.
The set up<> a little over a year ago when all the big hedge funds and wealth advisors recommend that everyone should have a small position in this space.
Goes from $1 trillion to $3 trillion in a heart beat.
Artificial Intelligence Trading machines takes over trading and undresses $2 trillion from the small uneducated investor/trader. HODL
Weakness persists in this system<>why it's not fully developed.
So from my perspective block chain is here to stay.
I own a half dozen names in this space.
However I continue to allocate a set amount on a monthly basis to Cardano ADA.
It's blockchain system continues to grow and I believe will survive as a good one to hold onto.
Yes the big $$$$and high flyers have all set out to sell you what they think is the best.
So Greg do me a favor and do some research on Cardano and let me know your thoughts.
Enjoy the day on Main Street and buy that homeless person a meal.
Each and everyone of them is an American tragedy.
Thanks.
WOT
Im thinking tomorrow might be pretty exciting. Thank you Greg 😎
I think you're right. Eeeeeeeeeeheheheheheeeeee 😈😈😂
An organization with which I am affiliated invests a pool of money. Those responsible ignored my pleas in Jan & Mar 2022, to at least skim some profits. No, whatever downturn will soon enough be offset by recovery; can’t afford to be in cash and lose to inflation. CHUTZPAH!
They – and many here – ignore that, after major smash-down, it takes more percentage recovery to offset than the original percentage decline. And, they ignore what I think – like GM – will be another melt-down.
This can’t occur? Look at 1973-74 that was relentless for 2 years. Far better to lose several months to inflation than lose much more to stock collapse. DUH!
Rising interest will kill all the zombie-companies. On purpose. There are many. There is no longer any reason for companies to borrow in order to invest. Consumers can no longer borrow because of rising prices and impending unemployment. The only borrower left is the state. Because someone has to take out new loans in the system to keep it running. At the end of the financial cycle, it's the state. that's what we're seeing now. In order for the state to be able to take out these new loans, it always needs new crises, which follow one another ever more quickly and are each time worse than the previous one. Because more and more loans are needed. Money is only created through loans. I think they're not done with it yet. so inflation will be fueled by even more debt and the stock markets will soon rise again - a lot.
Me say: Prepare to buy stocks.
Jesus H - that is some warning
https://www.reuters.com/markets/europe/europe-faces-severe-risk-disorderly-financial-market-correction-lagarde-2022-06-20/
Isn't this Reptilian the same who told us Inflation is transitory, under control and no problem?
Is Lagarde a Reptilian?
So is it just Business as Usual for the FED, ECB & other world central banks??
I Really thought we were seriously all done for in 2008 with that “Major Scariey CRISIS” , and yet somehow “they” the Owners of the Central Banks (who create all the Crisis’) manage to somehow keep the plates spinning…
Who knows, maybe they keep it going for another 14 years & then some, yet again…
Oh, and the current brain-dead, puppet called the US Prez is just “their” latest Fall Guy (he even practiced for them on his bike this weekend, LOL) … same as it’s been since 1913…
Greg, have you considered that a contributor to the recent rise in the 10 year T-bond is due to institutions, who have had margin calls, scrambling to acquire collateral for their margin accounts?
Greg did enter back into crypto’s?
He entered into the crash-prophecy-community.
From J Lo Boobs to Metaverse................ALL IS FAKE!
earth is a moving globe, hahaha.
President Elect is not good in Colombia; Guerilla warfare comes back again!