New debt will not boot the recovery but will buy time to allow a smart person to prepare the depression. The smart people see it and realigning their investments for least impact.
New debt will not boot the recovery but will buy time to allow a smart person to prepare the depression. The smart people see it and realigning their investments for least impact.
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I’ve been dialing back my risk exposure. My personal view is that the economy will be facing a lot of headwinds due to growing structural problems and I don’t want to get caught in the downdraft.
The market is presently significantly overvalued. The forward PE on the S&P 500 is about 25. Its way ahead of itself.
Imagine what this market would be like if the government and the Fed were not backstopping this economy?