The rise in gold is a symptom of the fall in other forms of money. The problem is always inflation, the creation of money without value to back it up.
Certainly the irresponsible printing of money to bail out "one's friends" is a large driver and an indicator of the level of corruption prevailing. while the motivation for this head-long dive is clear the rationality is missing.
Unfortunately for me, my investments are at high risk. And I invested because bank interests were too low, not for any quick profit.
So will there be anything learned from this disaster??
Wise folks always try to learn from mistakes, both their own and others. I prefer to learn from the mistakes of others since it is usually less painful for me. It seems that this time the mistakes of others will cause me a great deal of pain.
Certainly EVs will be a growing segment of the vehicle population, and certainly some of the companies will do well.
But there is a lot more to any automobile than just the drive system and so not all of those in the field will make it. So not all of the companies are good investments. Buyer investigation is certainly a requirement.
Crude oil prices will rise if the demand rises more than the supply. And if there is a re-closing of areas recently opened then probably the demand will not increase. And if the additional regulations relative to speculation on petroleum futures are implemented then perhaps the rise will wait for the increase in demand.
The best will be if the Fed does not interfere, but instead allows natural selection to prevail. Way to often, short term fixes cause longer term problems.
Since all of the estimates for the future are not based on actual data, which does not exist yet, they are at best "happy wishes", and certainly not very solid. While the percentage of the population dying from this plague is small, the fear is very big now, the results of the openings so far are not encouraging. And the temporary relief brought by the fed pumping in money will definitely have a damaging effect of feeding inflation, even as it helps the wall street crowd produce some gains for the short term.
But if there is a second wave of infections then the second drop will not be so easy to fix. And possibly it will become clear to some folks that printing money is not the same as creating wealth. Am I the only one who understands that?? I certainly hope not.
I notice now, at the end of the week, that none have challenged the assertion that boosting the money supply promotes inflation, and likewise none have challenged the assertion that inflation is damaging to all of those not involved in the financial sector.
The entire arena of futures trading really needs to be tightly regulated and kept under a good microscope. In particular, the use of leverage and credit in general should be brutally limited. Oil speculation in all forms is damaging to everybody else. We saw that a few years back when gasoline went to $4 per gallon. We all suffered at the hands of the speculators, didn't we?
"TODAY" is usually the most important day of the year, SO FAR. It is the only one that we have available to make right choices and to repent of the wrong ones. AND, TODAY is the day to learn from mistakes made in the past, and to avoid making those same mistakes repeatedly.
Unfortunately that bit of wisdom is quite hidden from a lot of people.
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What Powell And Lagarde Told The G7?
The rise in gold is a symptom of the fall in other forms of money. The problem is always inflation, the creation of money without value to back it up.
Certainly the irresponsible printing of money to bail out "one's friends" is a large driver and an indicator of the level of corruption prevailing. while the motivation for this head-long dive is clear the rationality is missing.
Unfortunately for me, my investments are at high risk. And I invested because bank interests were too low, not for any quick profit.
So will there be anything learned from this disaster??
Wise folks always try to learn from mistakes, both their own and others. I prefer to learn from the mistakes of others since it is usually less painful for me. It seems that this time the mistakes of others will cause me a great deal of pain.
A FOMO Trade Might Be Underway In EV Industry
Certainly EVs will be a growing segment of the vehicle population, and certainly some of the companies will do well.
But there is a lot more to any automobile than just the drive system and so not all of those in the field will make it. So not all of the companies are good investments. Buyer investigation is certainly a requirement.
Using A Master Candlestick Stock Screener
Evidently this is aimed at "day traders", and not me.
Lipper U.S. Weekly FundFlows Insight Report: Funds Suffer Overall Net Outflows Driven By Money Markets, Equities
"Central Bank Support" is not going to benefit the rest of the world, or just our nation. It will fuel inflation.
HIV Cure Challenger CytoDyn Takes On Gilead Sciences
This is an encouraging report, although some of it is over my head. Thanks for sharing good news.
USOIL - WTI Crude Oil Technical Analysis
Crude oil prices will rise if the demand rises more than the supply. And if there is a re-closing of areas recently opened then probably the demand will not increase. And if the additional regulations relative to speculation on petroleum futures are implemented then perhaps the rise will wait for the increase in demand.
The best will be if the Fed does not interfere, but instead allows natural selection to prevail. Way to often, short term fixes cause longer term problems.
What Will Push Stocks Higher?
Since all of the estimates for the future are not based on actual data, which does not exist yet, they are at best "happy wishes", and certainly not very solid. While the percentage of the population dying from this plague is small, the fear is very big now, the results of the openings so far are not encouraging. And the temporary relief brought by the fed pumping in money will definitely have a damaging effect of feeding inflation, even as it helps the wall street crowd produce some gains for the short term.
But if there is a second wave of infections then the second drop will not be so easy to fix. And possibly it will become clear to some folks that printing money is not the same as creating wealth. Am I the only one who understands that?? I certainly hope not.
The Fed Needs To Deploy Digital Dollars To Support Recovery
I notice now, at the end of the week, that none have challenged the assertion that boosting the money supply promotes inflation, and likewise none have challenged the assertion that inflation is damaging to all of those not involved in the financial sector.
Oil Chart Analysis: WTI Drop To $35/bbl
The entire arena of futures trading really needs to be tightly regulated and kept under a good microscope. In particular, the use of leverage and credit in general should be brutally limited. Oil speculation in all forms is damaging to everybody else. We saw that a few years back when gasoline went to $4 per gallon. We all suffered at the hands of the speculators, didn't we?
July 2 May Have Just Become The Most Important Day Of The Year
"TODAY" is usually the most important day of the year, SO FAR. It is the only one that we have available to make right choices and to repent of the wrong ones. AND, TODAY is the day to learn from mistakes made in the past, and to avoid making those same mistakes repeatedly.
Unfortunately that bit of wisdom is quite hidden from a lot of people.