Sometime soon folks are going to have to look squarely in the face the reality that there is no fix. Nothing can be done.
The direction of the future is down.
People will delude themselves about that and imagine someone has an answer. Wall Street as an industry is predicated on the belief that someone is a guru and has answers.
No one does. Not on Wall Street. Not in government. The mistakes made are now too large to fix.
Ever.
> The direction of the future is down. <
I will say that you’re wrong once someone explains to me how Congress is going to pay back the federal debt.
Until then, I will say that you’re 100% correct.
In 1981, the fed pushed mortgage rates all the way up to 19% to break inflation.
If it ever gets better, it is going to get much worse before it does. Best case, we are looking at sky high interest rates and a prolonged deep recession. Worst case, we are looking at Venezuela style hyperinflation.
We are at retirement age (with no plans to retire) and trying to figure out where we can have invest what we have so that we actually can retire someday.