I don’t understand your comment. They’ve been devastated and it may take some time to recover, but I’m sure they will know how to handle things in order to rebuild. Why in the world would I bet against that? I wish them well.
Your comment makes no sense. The last thing I’ll do is to mortgage my home. I’m simply going to get through a temporary shortage period by stocking more than usual and buying it at sales prices, so that my food budget doesn’t have to change.
I have done that in the past when things like fuel prices spike. By the time the market gets back to normal, I’ve used up the extra, and prices are normalized again.
What’s the burr under your saddle?
FINANCIAL PICTURE - I heard on Friday that the yield curve was inverted. That happens when the long term rate is lower that the short term rate. Generally interpreted to mean that a recession is coming. The speakers had ideas on why this time there would be an exception, but I was not able to listen to the whole thing.
So I found an article talking about it and gold to share kinda where we are at on that:
What an inverted yield curve really tells us is the inability of the Fed to forecast market turns.
The Fed sets short term rates but they are always behind the curve since their model can never predict anything accurately. So instead of the Fed anticipating a downturn in the economy, the market will do it for them.
The 10 year rate is set by the market, which clearly senses the impending recession and thus buys the bonds and forces the long term rate down below the short term rates. So the market knows before the Fed that trouble is coming…..snip..
The reason why central banks dislike gold is that it reveals their total failure to achieve the objective of price and currency stability. Since the Fed was created in 1913, the dollar has lost 98.5% in real terms (vs gold). And in this century the dollar has lost 79%. ...snip