I didn’t want to believe it the last few yrs thinking reality would hit the mkt after a 10 yr bull and the system would have a long term cleansing. But it never happened and i don’t believe it will for as far as the eye can see. I’m strictly talking asset prices and not the economy . Till a gallon of gas is $10 and a gallon of milk is $15 the fed will never stop. Till people are starving in the streets as the $’s confetti this will never stop . The printing prices have had no backlash . The hasn’t been punished for printing . It’s like opening a bank vault door and being able to take what you can and not getting in trouble .The bears can fight no more as there exhausted .
I truly believe were in a new era of perpetual levitation of asset prices
- Thread starter SammyJ
- Start date
Bitcoin is the answer.
It won't be perpetual.
And when it ends - it will be the ugliest shitshow you've ever seen.
Until that point.... you'd be a fool not to ride it. Stay on the plane but stand closest to the exit and such...
Interesting enough, the noted economist Irving Fisher said the similar thing right before the crash in 1929 that led to the Great Depression
"He famously predicted, nine days before the crash, that stock prices had "reached what looks like a permanently high plateau. "
"He famously predicted, nine days before the crash, that stock prices had "reached what looks like a permanently high plateau. "
At this point in the game the FOMC holds all the cards. They are so entrenched in our markets the likely hood of a prolonged bear market are over.
However, should congress want to audit the FOMC, that would most defiantly start a prolonged downturn. People would scream bloody murder, and congress would back off. I remember when the FOMC balance sheet was $400 billion, now its 7 trillion.