Good one John. Brighteon claims US economic suicide. Did anyone think that the the Trump years were going to be easy. This is wake up and take our medicine time and yes we might not make it through but I am certainly sad that we do not have a Trump like thinker in Australia as we vote today.
If the US is committing suicide we, I am afraid, have already done so and it does not feel good.
Our very savvy financial advisor has always told us to 'hold fast". The market goes up and the market goes down. Panic does not work well with your finances. You are in it for the long term and over the long term the market, stocks, well-chosen, will do well. Of course, choosing wisely and being diversified is always smart advice.
If the Covid scam and subsequent money printing didn’t wreck the country, it won’t be wrecked this time. The adults without Alzheimer’s are running the show.
The market was over due for a correction. It (S&P) got a 17% haircut and has since recovered close to 63% of that...poor babies. Wait until the Congress succeeds in triggering the debt bomb with their reckless spending...crying because Trump is proposing a 3-4% cut in a budget thats gone from 4 to 8 trillion in only 10 years.
I dont know shit about investing, but I do know that if your not prepared to take a big short term hit, go buy GIC'S. My pathetic investment dropped $8000 in a few weeks, I just quit looking at it, and concentrated on getting through calving time here on the ranch.😄
Hard times? If you follow the stock market at all, you would know the S&P was overvalued and ready for ANY reason to correct. It had nothing to do with tariffs. And speaking of tariffs, it's apparant you don't understand international trade or how we got to this point in the first place. The USA, after WW@ and the Bretton Woods agrement, exported out knowlege, know how and manufacturing capabilities to the rest of the war torn world so their economies could recover. But it never intended to be a process that destroyed the United States. And if you missed it, the USA owes $40 trillion dollars now to those countries we halped get back on their feet. We buy cheap goods from the rest of the world, and they then give us our money back in terms of loans (buying treasury bills - US debt instruments), and we use the borrowed money to buy more of their cheap goods. And to be sure we have to buy their goods, in many cases foreigh governments subsidize their local industry to be sure the US can't compete, and they institute their own tarriffs or VAT taxes, also so the US can't compete. Tariffs aren't in and of themselves the solution, nor will tariffs cause long term pain or price increases for the citizens of the US. But they will force other countries with unfair trade policies to invest in the US and balance their trade deficits with the US or risk being excluded from the greatest consumer demand market in the world. Don't knock tariffs - they will save you from being converted to a whining has been in a third world country.
Classy and timely, John Leake. Well done. It amazes me that these "financiers" seem to be oblivious to the necessity of correcting the critically downward trajectory of the nation. IT IS NOT BUSINESS AS USUAL. Trump sees it, but apparently these financial "genius's are accounted as those were accounted in the days of Noah...totally unaware of the times. Some Bible history/prophesy might help them, if they had eyes to see and ears to hear.
I agree with Robins comments. Australia is so far down the broken track of being caught up in its diplomatically correct, fear to speak the truth train wreck. Now we will be broke too as voters today once again vote for the only two parties they know how to vote for because they are so stuck in their status quo. Asleep on the rat wheel so to speak. I feel sorry for the homeless, the mentally and physically unwell, the abused children and animals but the only way life can change for any of them is to have real people in real government who REALLY do care. Not politicians who only want to climb to the top so they can get on the gravy train that the people on the rat wheel pay for.
Don't believe for a second that this situation is transient. There will of course be short term ups and downs but take a look at a four decade chart of the 10 year Treasury yield to see the big picture (among numerous illuminating metrics at this point - use Macrotrends.net). We are at the end of a four decade secular market uptrend with the now inevitable secular financial collapse likely just ahead. Secular financial collapses are a very different beast from the interim financial collapses we've experienced in recent decades (e.g. 2000, 2008), lasting 12 to 15 years with full recovery in equities taking a quarter century or more.
You cannot buy and hold through a secular financial collapse they are far too long and profoundly damaging. By way of example inflation adjust the S&P 500 from 1965 through 1995 and you will see the index peaked in 1968 reaching the final bottom in 1982, almost 70% lower. The index didn't move convincingly above the 1968 high until 1993 at which point you still hadn't recovered because you owed tax on a phantom inflation induced 300% gain. And I for one would bet the inflationary secular cycle encompassing the 1970s will look tame compared to what we are heading into next.
Having pushed nominal short rates to zero the Fed's "avoid hangovers, stay drunk" game of responding to interim collapse by pushing nominal short rates ever lower is over, so don't expect another even more extreme financial mania to mask the damage this time.
Tangible assets offer refuge for those who act in a timely fashion. Tragically most must suffer since somebody, meaning most everybody, must hold oceans of wildly mispriced financial paper all the way down; there is no net selling in a market.
BTW, Trump may change the timing marginally but the forces at play go far beyond the consequences of his actions, bad as some are (the tariffs are a mind numbing blunder). And the mentally diseased authoritarians who've taken over the "Democratic" Party will be even worse. Perhaps I should note I haven't been a member of any political party for decades and couldn't care less about partisan politics.
What I'm saying is I'm not going to regurgitate nonsense narratives because of political bias. Of course politicians can do a lot of damage or, potentially, make beneficial changes. Trump has taken some constructive actions, though the tariffs are horrendous, while the toxic sociopaths/psychopaths in control of the Democratic Party are utterly destructive. However the financial distortions which are going to be wrung from the system oh so painfully have been building for decades and have little to do with politics. The distortions are fundamentally monetary, born of central bank manipulation and credit expansion within the financial system both of which distort the most important set of prices in an economy...rates of interest. Nothing new about these cycles, but this one is bound to be particularly wrenching.
Would you mind to offer reasoning / logic for why the cycle is headed downward at this 40 year mark? . . . data, trends in . . . ?? anything over a century or whatever?
As noted above the Fed's game of pushing short nominal interest rates lower to foment an even bigger financial mania is over, having driven those rates to zero last time. They now have only two choices; allow the system to collapse in a deflationary depression (they won't) or conjure enormous quantities of new money to try and paper over the collapse, which won't work. Absent demand from a new financial mania the new money will go straight into price inflation, which is why we are headed for an inflationary secular financial collapse. Or, just look at history. Secular financial bubbles always blow up. The current enormous financial bubble isn't going to be the first exception.
No we don't. Because you've been sucked into this two sides with the same people on the exact same coin. It's just theatre and T man is a reality TV star cult of personality.
The stocks and housing have been over priced- remember the past crashes? Those crashes allowed younger investors to get involved. People can’t afford to buy a house- they are over priced! All the apartment complexes to solve the so called housing shortage is just a way to keep people out and if you believe the 15 minute city bs well there you go. We unfortunately need a dip or a crash- but no bail outs this time. Sad to see an investment fund manager complaining like this- I certainly would move my money out of his fund!
Oh no the rich cry about them loosing money?? Oh no can you imagine how much i care since they care so much about for ex: rising gas gas prices, abusive business methods like attack right to repair or make stuff impossible to repair so you have to use their subscription model of use and throw away crap!? The jobs that moved to China, the destroyed farms etc?
Be strong!
We are not here to play, to dream, to drift;
We have hard work to do and loads to lift;
Shun not the struggle, face it, ’tis God’s gift.
2 Be strong!
Say not the days are evil— who’s to blame?
And fold the hands and acquiesce— O shame!
Stand up, speak out, and bravely, in God’s Name.
3 Be strong!
It matters not how deep intrenched the wrong,
How hard the battle goes, the day, how long;
Faint not, fight on! Tomorrow comes the song.
Amen. Author: Maltbie D. Babcock
What a great anthem for our time!
So. . . where is Kim?!
Good one John. Brighteon claims US economic suicide. Did anyone think that the the Trump years were going to be easy. This is wake up and take our medicine time and yes we might not make it through but I am certainly sad that we do not have a Trump like thinker in Australia as we vote today.
If the US is committing suicide we, I am afraid, have already done so and it does not feel good.
Not looking good here.
Dutton is certainly no Trump!
Our very savvy financial advisor has always told us to 'hold fast". The market goes up and the market goes down. Panic does not work well with your finances. You are in it for the long term and over the long term the market, stocks, well-chosen, will do well. Of course, choosing wisely and being diversified is always smart advice.
The histrionics was really quite appalling. We as a nation have lost the ability to “eat bitter” as they say in China.
Take a breath. This, too, shall pass. I'm 73 and not losing any sleep....
If the Covid scam and subsequent money printing didn’t wreck the country, it won’t be wrecked this time. The adults without Alzheimer’s are running the show.
The market was over due for a correction. It (S&P) got a 17% haircut and has since recovered close to 63% of that...poor babies. Wait until the Congress succeeds in triggering the debt bomb with their reckless spending...crying because Trump is proposing a 3-4% cut in a budget thats gone from 4 to 8 trillion in only 10 years.
No perspective.
Dick Minnis removingthecataract.substack.com
I dont know shit about investing, but I do know that if your not prepared to take a big short term hit, go buy GIC'S. My pathetic investment dropped $8000 in a few weeks, I just quit looking at it, and concentrated on getting through calving time here on the ranch.😄
Hard times? If you follow the stock market at all, you would know the S&P was overvalued and ready for ANY reason to correct. It had nothing to do with tariffs. And speaking of tariffs, it's apparant you don't understand international trade or how we got to this point in the first place. The USA, after WW@ and the Bretton Woods agrement, exported out knowlege, know how and manufacturing capabilities to the rest of the war torn world so their economies could recover. But it never intended to be a process that destroyed the United States. And if you missed it, the USA owes $40 trillion dollars now to those countries we halped get back on their feet. We buy cheap goods from the rest of the world, and they then give us our money back in terms of loans (buying treasury bills - US debt instruments), and we use the borrowed money to buy more of their cheap goods. And to be sure we have to buy their goods, in many cases foreigh governments subsidize their local industry to be sure the US can't compete, and they institute their own tarriffs or VAT taxes, also so the US can't compete. Tariffs aren't in and of themselves the solution, nor will tariffs cause long term pain or price increases for the citizens of the US. But they will force other countries with unfair trade policies to invest in the US and balance their trade deficits with the US or risk being excluded from the greatest consumer demand market in the world. Don't knock tariffs - they will save you from being converted to a whining has been in a third world country.
Well said.
I will second that one!
Classy and timely, John Leake. Well done. It amazes me that these "financiers" seem to be oblivious to the necessity of correcting the critically downward trajectory of the nation. IT IS NOT BUSINESS AS USUAL. Trump sees it, but apparently these financial "genius's are accounted as those were accounted in the days of Noah...totally unaware of the times. Some Bible history/prophesy might help them, if they had eyes to see and ears to hear.
I agree with Robins comments. Australia is so far down the broken track of being caught up in its diplomatically correct, fear to speak the truth train wreck. Now we will be broke too as voters today once again vote for the only two parties they know how to vote for because they are so stuck in their status quo. Asleep on the rat wheel so to speak. I feel sorry for the homeless, the mentally and physically unwell, the abused children and animals but the only way life can change for any of them is to have real people in real government who REALLY do care. Not politicians who only want to climb to the top so they can get on the gravy train that the people on the rat wheel pay for.
Don't believe for a second that this situation is transient. There will of course be short term ups and downs but take a look at a four decade chart of the 10 year Treasury yield to see the big picture (among numerous illuminating metrics at this point - use Macrotrends.net). We are at the end of a four decade secular market uptrend with the now inevitable secular financial collapse likely just ahead. Secular financial collapses are a very different beast from the interim financial collapses we've experienced in recent decades (e.g. 2000, 2008), lasting 12 to 15 years with full recovery in equities taking a quarter century or more.
You cannot buy and hold through a secular financial collapse they are far too long and profoundly damaging. By way of example inflation adjust the S&P 500 from 1965 through 1995 and you will see the index peaked in 1968 reaching the final bottom in 1982, almost 70% lower. The index didn't move convincingly above the 1968 high until 1993 at which point you still hadn't recovered because you owed tax on a phantom inflation induced 300% gain. And I for one would bet the inflationary secular cycle encompassing the 1970s will look tame compared to what we are heading into next.
Having pushed nominal short rates to zero the Fed's "avoid hangovers, stay drunk" game of responding to interim collapse by pushing nominal short rates ever lower is over, so don't expect another even more extreme financial mania to mask the damage this time.
Tangible assets offer refuge for those who act in a timely fashion. Tragically most must suffer since somebody, meaning most everybody, must hold oceans of wildly mispriced financial paper all the way down; there is no net selling in a market.
BTW, Trump may change the timing marginally but the forces at play go far beyond the consequences of his actions, bad as some are (the tariffs are a mind numbing blunder). And the mentally diseased authoritarians who've taken over the "Democratic" Party will be even worse. Perhaps I should note I haven't been a member of any political party for decades and couldn't care less about partisan politics.
Well, partisan politics cares about you. You have to pick a side in this war.
Thank you for your comment but I disagree. When it comes to financial well being, and most everything else, only reality matters.
Financial reality is directly affected by partisan politics.
What I'm saying is I'm not going to regurgitate nonsense narratives because of political bias. Of course politicians can do a lot of damage or, potentially, make beneficial changes. Trump has taken some constructive actions, though the tariffs are horrendous, while the toxic sociopaths/psychopaths in control of the Democratic Party are utterly destructive. However the financial distortions which are going to be wrung from the system oh so painfully have been building for decades and have little to do with politics. The distortions are fundamentally monetary, born of central bank manipulation and credit expansion within the financial system both of which distort the most important set of prices in an economy...rates of interest. Nothing new about these cycles, but this one is bound to be particularly wrenching.
Would you mind to offer reasoning / logic for why the cycle is headed downward at this 40 year mark? . . . data, trends in . . . ?? anything over a century or whatever?
As noted above the Fed's game of pushing short nominal interest rates lower to foment an even bigger financial mania is over, having driven those rates to zero last time. They now have only two choices; allow the system to collapse in a deflationary depression (they won't) or conjure enormous quantities of new money to try and paper over the collapse, which won't work. Absent demand from a new financial mania the new money will go straight into price inflation, which is why we are headed for an inflationary secular financial collapse. Or, just look at history. Secular financial bubbles always blow up. The current enormous financial bubble isn't going to be the first exception.
No we don't. Because you've been sucked into this two sides with the same people on the exact same coin. It's just theatre and T man is a reality TV star cult of personality.
Whatever....
Oh, ok.
History is made everyday,,the road seems the same,,empire collapse ,cause always the same !
Lol! "Hard times" - great piece to put things back into perspective.
The stocks and housing have been over priced- remember the past crashes? Those crashes allowed younger investors to get involved. People can’t afford to buy a house- they are over priced! All the apartment complexes to solve the so called housing shortage is just a way to keep people out and if you believe the 15 minute city bs well there you go. We unfortunately need a dip or a crash- but no bail outs this time. Sad to see an investment fund manager complaining like this- I certainly would move my money out of his fund!
Oh no the rich cry about them loosing money?? Oh no can you imagine how much i care since they care so much about for ex: rising gas gas prices, abusive business methods like attack right to repair or make stuff impossible to repair so you have to use their subscription model of use and throw away crap!? The jobs that moved to China, the destroyed farms etc?