Wed, 2 December 2020
Against the wall of worry stocks have miraculously highs with leadership switching from the Fangs to the small cap Russell 2000. Dollar has been going lower, Fed still working its magic, and Fed and treasury are working hand in hand. Will we see major food inflation and inflation throughout the economy? Inflation could let the air out of the market bubble. Oil is no longer playing any role in Fed inflation measures. Will the Fed’s hand be forced? Will Biden raise taxes? We don’t know what the Senate will be. There’s always black swans flying around the geo-political scene. You need to be able to read the chart. The little investor this year has helped it go higher. Out and out optimism is happening. We also discussed Bitcoin, Mish has realized a near 100% profit on her investment. It’s gaining legitimacy. It’s been taking over for gold and it could well hit 35k. It needs to hold that $19,000 |
Wed, 2 December 2020
A recent visit to New York City during Thanksgiving week showed us what we already knew, New York City is dying on the vine. Riots, Covid, extremely poor leadership and the inability to control costs and properly manage the place is leading to a tremendous crash. New York City, State and many others will be receiving a tax-payer funded bailout in 2021, regardless who is president. It's just a matter of what strings are attached. We also discuss the impending failure of the Three Gorges Dam, perhaps on 12-21-2020, that gold and silver have probably turned the corner and much, much more. |
