@FreeMrktCptlst This makes no sense. Where is this deflationary source? Where is there any evidence that AI is bringing down the cost of living in a significant way? What is the theory on how AI will bring down cost of living?
@MichaelPBento I can't honestly see how you think that something broke. These two things seem mutually exclusive - markets at ATHs and something breaking. Something can break only in when many people become forced sellers/liquidations... The market is nowhere near that.
Shame on any Democrat who votes for the abominable pro-crypto CLARITY Act.
Call your senators and tell them to vote NO when it comes up for a crucial procedural vote tomorrow: (202) 224-3121.
https://t.co/EY7ZmJU8Wy
@BennettWoodman So what should those close to retirement age do with their savings at this time?
MMF- currency risk. Stocks- valuation risk.
What do you think about Australian MMF/bonds or stocks? Maybe AUD currency will survive USD devaluation?
@kakashiii111 The government will not be forced to intervene. This is a country of free enterprise. If companies took on too much debt, there is bankruptcy and restructuring, I.e capitalism.
@WarrenPies Her arguments are not "emotional and political". Inflation has been too high for too long and much higher than official measures, and rates are not now restrictive. The Fed is tasked with price stability at some point they have to perform that task.
These are true but incomplete. The missing factor here is the distinctive law of insurance, which places the downside risk of insurer failure at the feet of taxpayers without a macro-prudential financial regulatory scheme to keep large insurers from taking on excessive risk.