Replies to post #38553 on Savvy Trades and Investments

[budge]

joe public always gets it wrong.

when the market is bubbling, joe public gets in and loses.

when the market is bottoming, joe public capitulates and loses.

when the economy is booming, joe public overspends and worsens it.

when the economy contracts, joe public saves and worsens it.

when the gov. needs revenue, joe public votes to tax the means of production and worsens it.

when jobs are getting scarce, joe public pushes isolationism and worsens it.


now...when the president says "this is what the people voted for", i am less than enthusiastic.

[michael t]

That's what happens when central banks can print an endless amount of money. Central banks have purchased $18 trillion of the $54 trillion global tradable bond universe. A lot of that money is flowing to the equity markets.

It seems safe now because the spigots are still flowing. Like any good ponzi scheme it looks fantastic until you they can't find new investors.