Posted by rollerblader on 6th of Jun 2020 at 09:33 am
So when does all this BS end? A Fed induced rally, a moneyOPOLY
of borrowed money to increase your paper profits. If you feel
wealthy on paper you spend and economy keeps growing. That seems
correct in a normal environment but in my opinion we are not
normal. I can't even imagine what will happen on the streets
if/when this implodes. Whether in my lifetime or not it's a
frightening thought and more so for my kids and grandkids. The hole
at the bottom of the pool is bigger than the hose that's filling
it.
For the "big picture view" (since you mentioned your children
and grandchildren), I suggest reading "The Changing World Order" by
Ray Dalio. Read Chapter One, which gives you the overview,
but all of his work is extremely insightful. You can find
this on LinkedIn.
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So when does all this
Posted by rollerblader on 6th of Jun 2020 at 09:33 am
So when does all this BS end? A Fed induced rally, a moneyOPOLY of borrowed money to increase your paper profits. If you feel wealthy on paper you spend and economy keeps growing. That seems correct in a normal environment but in my opinion we are not normal. I can't even imagine what will happen on the streets if/when this implodes. Whether in my lifetime or not it's a frightening thought and more so for my kids and grandkids. The hole at the bottom of the pool is bigger than the hose that's filling it.
For the "big picture view"
Posted by rfmathis on 6th of Jun 2020 at 01:40 pm
For the "big picture view" (since you mentioned your children and grandchildren), I suggest reading "The Changing World Order" by Ray Dalio. Read Chapter One, which gives you the overview, but all of his work is extremely insightful. You can find this on LinkedIn.