Holy sh*t.
Stop what you’re doing. Give yourself 3
minutes. Listen to this.
Marco Rubio 2015.
He called it.
He called it word for word, like a play-by-play.
Liquidity is all that matters to market returns, and we have an ABUNDANCE of fake liquidity but SCARCITY of quality collateral.
So… a government pumping liquidity to backstop a shortage of collateral is not bullish the economy - Big Picture - it only:
1. delays hyperinflation (unproductive use of money)
2. stimulates stagflation (higher prices into slowing growth), and
3. camouflages risk-on behavior by inflating CASH-RICH assets (read: Mag7) when it’s really just RISK AVERSION because T.I.N.S.A.
* There Is No Safe Alternative
Again, and for emphasis:
FED IS TRAPPED
THINGS OVER PAPER
“In my whole life, I have known no wise people who didn't read all the time - none, zero." - Charlie Munger
This Thread presents to you:
- 2 Books for Investing Beginners
- 3 Books for Investing Intermediates
- 2 "Books" for Investing Professionals
👇
@gurgavin TGI ($9.87) >$20 stock in that time frame -$1.40 FYE 3/31/24 EPS with fwd P/E of 14-15x. Dec 22 warrant issuance @12.35 strike px is the carefully planned tell that no one has figured out.
This yearly chart of gold is pretty interesting now that the Gregorian New Year is coming up.
It is the largest, valid bullish rising wedge I have ever seen.
That upper blue line comes in at around $2350 USD.
#gold#silver#inflectionpoint#wealthcycles
@SahilBloom When I was an 18 y.o. in 1976 I totally believed the radio ad that said by 1980 4 out of 5 cars would be equipped with a CB radio, up from < 1 out of 5.