Should we be nervous about what the New Year will bring?
Comparing the S&P 500 chart from the year of the financial crash (2008) with current trends seems to suggest so.
Or will they manage to kick the can down the road even longer?
Which inflation busting, recession proof assets are you invested in? The war in Ukraine has certainly helped the defence sector - Lockheed Martin up 20%, Raytheon 6% and BAE 39%. I bet they won’t be pushing for peace anytime soon!
Inflation combined with rate rises indicates that 2023 will be a rough year. Central banks are likely to opt for economic destruction over inflation. It’s their one job so can’t be seen to be failing for much longer.
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Dec 20, 2022Liked by NE - nakedemperor.substack.com
Agreed. Equity markets remain very overvalued compared to historical levels and clearly have not yet priced in a global recession. Which IMHO is coming despite all the sweet talk from Central Banks and Governments. The S&P could fall up to 50% from here.
Dec 20, 2022Liked by NE - nakedemperor.substack.com
I am, where I can, investing what little money I have in assets that do not represent a liability (or require the performance) of someone else -- that is, I’m long in tangible, non-financial assets with “intrinsic” value.
I always knew and accepted 401k was funny money. I got irritated 20 years ago about a flat fee that was large relative to the $ in my acct. I called to ask and fidelity called it a quarterly audit flat fee that varied in amount from year to year. I researched 401k laws and read a white paper that describe how vulnerable our retirement acct to the whims. I have only 401k. In contrast Congress is not tied to 401k system rather guaranteed their pensions and allowed to decide on these injections too. Why if they're not vested in the 401k system, would congress care what happens in the 401k laws?
I am quite worried that my life’s savings may not remain the value they currently are.
Some people say ‘inflation is theft’ and I agree with this in light of the reckless spending and money printing governments are doing.
All a designed part of the roll out (“pilot” programs already started in some countries) for digital currency / slavery....
Agreed. Equity markets remain very overvalued compared to historical levels and clearly have not yet priced in a global recession. Which IMHO is coming despite all the sweet talk from Central Banks and Governments. The S&P could fall up to 50% from here.
I am, where I can, investing what little money I have in assets that do not represent a liability (or require the performance) of someone else -- that is, I’m long in tangible, non-financial assets with “intrinsic” value.
For various reasons.
Have a Happy and peaceful Christmas, and an even Happier and prosperous New Year!
(From Over Here)
Their plan was ALWAYS to inflate away the debt. Plan accordingly!!
I always knew and accepted 401k was funny money. I got irritated 20 years ago about a flat fee that was large relative to the $ in my acct. I called to ask and fidelity called it a quarterly audit flat fee that varied in amount from year to year. I researched 401k laws and read a white paper that describe how vulnerable our retirement acct to the whims. I have only 401k. In contrast Congress is not tied to 401k system rather guaranteed their pensions and allowed to decide on these injections too. Why if they're not vested in the 401k system, would congress care what happens in the 401k laws?
So would it make more sense to pay off loans (house, car et cetera) than to invest or save?