Lions.
Today 8/14/24. The CPI, (Consumer Price Index), just came in and according to their numbers inflation continues to rise.
Month over Month the CPI came in higher by 0.2% and Year over Year 2.9%
Central banks collectively WILL inflate even more moving forward. Central banks will continue to increase the global “money” supply (further devaluing the currency), and continue to keep rates artificially suppressed. This mechanism will further distort asset prices WAY beyond what we are seeing now. Moreover, you can expect that economic conditions will continue to worsen and the Middle-Class will get squeezed even harder. And the top 1% and 2% will get richer than ever. See Cantillon Effect. (Click on that).
We can FULLY expect that any kind of reality with regard to a real economy, and a market with a true price discovery mechanism behind it, will continue to elude us.
So what do we do?
From a financial standpoint WE STICK TO OUR PLAN.
Stay long the stock market.
Gain exposure to commodities.
Gain exposure to Crypto- especially what appears to be Trump’s favorite, Bitcoin.
Lions.
If you haven’t seen this video yet (below) I would strongly suggest that you watch it.
Enjoy your vacation Greg and Mrs. Mannarino and Coco! 👍 😃
Thanks g.m. have a great vacation