Looks like the young professionals’ daily cheap $8.75 lattes are a thing of the past.
If it really was TEOTWAWKI then the bond market would have collapsed. Alas, the 10-Year Treasury, after bottoming out at 0.55% last year, remains relatively near that all-time low at 1.54% and lumber prices are now falling back to earth.
I see a motive for this fearporn: to push freeze-dried food sales, or get clicks, or sell doomsday or gold newsletters. Or maybe it is simply that after 15 months of spending 30 days in the hole to effect 2 weeks of curve-flattening, people want to be perpetually triggered. I get it - there isn't too much hope with Bidet in the White House and conservatives slobbering all over Putin's faux defense of Christendom...it seems like we've lost our minds.
But we survived 8 years of Obama and 8 of Clinton. Uncle Sleepy is a relative joy.
Of course a well-diversified portfolio of food, water and ordnance is helpful, but the financial markets have beaten gold over the long haul, and through inflation and stagflation. Hold steady, be wary any inflation concern trolls that accepts payment in the dreaded "fiat currency," and call me when the 10-Year Treasury hits 400 basis points.