I’m leery of buying short. And having lost nearly five percent since inception, this fund ‘bears’ that out. :)
Precisely. Those who continually preach financial gloom and doom are wrong every time, over the long term. People that bet against the American entrepreneurial spirit will lose their money.
Buying or selling isn't the issue if you believe the economy will collapse.
When dollars aren't worth anything does it really matter if you have 100 thousand of them or 200 thousand of them?
The real issue is do you have a plan to deal with such a catastrophic event? Can you grow your own food? Do you have marketable skills that will be valuable in a barter only/scarce money economy?
Hopefully we won't hit that bottom but right now we are in truly uncharted waters for the US economy and remember the dollar is the reserve currency. If the dollar goes, it will take all the economies of the 1st world with it.
The FED has not corrected the issues that caused the 2008 crisis in fact they doubled down on stoopid!
The "Bernanke Put" is still in play and Wall Street is still gambling with taxpayer money. The GDP of the USA is near 17 Trillion Dollars yet the financial risk in the US Derivatives market is well over 600 Trillion.
Let that sink in for a moment.
The Wall Streeters are tsk-tsking the concern that some Americans are starting to show for the unregulated Derivatives Market because Wall Street don't want the party stopped. But the only way the FEDGOV can deal with a Margin call (A.K.A Bailout) on 600 trillion plus will involve some severe deforestation if they wish to make enough physical dollars to cover that bet when it tanks.
How much will a loaf of bread or a gallon of gas cost if the government has to put hundreds of trillions of dollars into the system suddenly?