Moved my retirement funds to cash 2 weeks ago.
March is going to be a GenZ wakeup
https://www.youtube.com/watch?v=ovXaIFPy-ks
Many people have never seen economic repression. They can’t even fathom high interest rates in a recession.
“Living beyond your means never ends well”
https://www.youtube.com/watch?v=ovXaIFPy-ks
$$$$$$$$$$$$$$$$$$$
Eye-opening interview. Thanks for sharing.
“Many people have never seen economic repression.”
We have been in a financial repression for years.
“Many people have never seen economic repression. They can’t even fathom high interest rates in a recession.”
That is true. They have never even heard of a home mortgage at 12 to 16% interest rate. The recession of late 70s and early 80s, what caused it, and how we climbed out of the doldrums is not taught in schools.
Side note: I’m looking at the movement of the dollar this morning. A solid “V” at this point. The 10-year bond is at 4.2325.
The economic “experts” promoted by the media are celebrating their touted “soft landing”. I think they are celebrating early and we are instead headed for a hard crash (relatively speaking).