RE: debt is the problem28 Sep 2022 14:45
It is getting pretty messy out there speedy. Super strong $, massive debt (world), inflation soaring, interest rates coming home (after 10 year absence), BOE trying not to dance to the markets and IMF tune. Governments trying to hold their nerve!!!
Cash is king for now and those that have it are holding on to it (watch the lenders pull mortgages and upping their rates).
When will we see gold break out - it is looking like there is no asset class (including property) left that will protect wealth other than gold/silver and precious metals.
As always with economic "moments" like these it will be interesting to see how all plays out.