this is a good thing and it predicts a good future for the economy?
you are joking off course but perhaps not. extremely low interest rates are a sign of an unhealthy economy.
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"How I Afford to Travel the World"
- Thread starter heavenskrow
- Start date
this is a good thing and it predicts a good future for the economy?
you are joking off course but perhaps not. extremely low interest rates are a sign of an unhealthy economy.
That is exactly my point. Extremely unhealthy economy, and yet market keeps going higher. So either the government is directly meddling (ie. buying), or enough people realize that the government will do anything to prevent it going down, so they buy knowing there is no moral hazard. And this was my original point, that even though things should and could get bad one day, its hard to imagine them ever letting this happen unless they completely lose control.
I think all of this confirms why some traders like myself do not hold over-night. I need to be able to go long or short depending on what's going on. I do believe a large correction will transpire, I have no idea when and it doesn't matter. I will surely be going short when that occurs. What amazes me is that as thing go down, how few investors short. I honestly do not know of a single person in my group of friends and family that short, heck I can't even explain it so they understand.
A gift from our FED. We probably won't see this level of interest rate or cheap RE (2009-2011) for a long time. If you are rational, it is difficult not to profit from it.
It's a great thing to be in travel and renting a car while you somewhere far away. You don't need to rely on public transportation system and you can do that at night and get all the night city's views. So check for renting and read more...