Milton Friedman predicted all this rise in the stock market fifty years ago. He wrote that when an Obama type administration borrowed, printed and spent wildly, there would be an increase in equity prices as a hidden form of inflation, but no corresponding increase in real wealth. Eventually those stocks will crash because there is no real economic foundation. Its not just in the US. China sits on the world’s biggest real estate bubble and has squandered enormous amounts of capital. Gold is probably a very good investment.
Thank you. I hear this crap that China is such a growing giant blah, blah, blah. China is just as vulnerable as other countries.