pmward wrote: ↑Tue Apr 14, 2020 3:37 pm
If you can't beat em', join em'. I mean if you want to be on the right side of the increasing wealth gap, you should own the assets that respond most to the Fed and congress continuing to increase that gap.
OK, so let's start there. Which stocks/companies, in particular, would you recommend? Companies like Wells Fargo and various big banks that just sounded some alarms, but are most likely to benefit from the corporatism bail-out? Others?
pmward wrote: ↑Tue Apr 14, 2020 3:37 pmHalf the people I follow are super bearish and think there is no place to go but down... half are super bullish and think there is no place to go but up. These are very smart, educated, and experienced people, and all have logical arguments that make sense. Yet, one of those two groups is going to prove to be spectacularly wrong.
Or they're both equally right/wrong and we're going to see a mostly flat economy for quite some time (though possibly up/down significantly in any given day/week).
Or this is truly unprecedented and is the start of the end of the US Empire.
On a more "optimistic" outlook, one thing I often remind myself of is that the USA is still the only country with military bases across the entire globe, with the ability to nuke any and every country. As a Christian, I find war and militarism abhorrent, but as an American citizen who worries about my family and my finances, this can bring me some sense of calm (as much as I'm ashamed to admit it). The USA can print money at will, and can point a gun at other countries to make sure it remains the world's currency. The biggest factor that can cause that system to fail will be if/when the grunts in the military say "no more." With the power of the internet and the ability to share news/info outside of the mainstream media (propaganda), that could eventually be in jeopardy. But the state/media has continued to demonstrate their expertise at pitting the common man against one other, and diverting them from realizing that their true enemy is the state.
So as long as we have this false left/right conflict, and the USA is the world police, perhaps I should be more optimistic that the government & Fed's actions won't totally destroy our way of life, and maybe I should be more optimistic about medium-term stock values.