RE: As expected18 May 2023 19:06
Goldgnome
So many points in your post can be interpreted and elaborated further, that talking about economies and finance, could easily become a philosophical conversation.
For example when you mention "Central or Reserve Banks to be able to manage outcomes of the economy"
this concept can have many interpretation all to suite specific circumstance ore agenda of each central bank...
becoming many forces pulling in different directions..
Again on the subject or "zero interest rate" imo the best thing that happened to humanity after wine lol...
only problem is when central banks play with rates up or down, therefore not allowing the natural course of events and market forces, where too high inflation would automatically kill demand without the need to rise rates.....?!
The western financial system and the concept of interest rate is financial mafia. It has been set up to allow corruption, and control the masses, by creating huge private debit and slavery on debit repayment.
Of course the US doesn't have to repay the debit the have the U$D, and if that lose credibility they can always start a war, of a new pandemic, or something else...
For example what about assassinating Putin or XI, that would be a nice reset of the economies, when thigs start to get too overbought.....
No worries mate we are just passengers struggling to make a return on investments, when the one in the know have already booked handsome returns for generation to come..
And so of recent, it turn out that blue chips techs and growth stock was the place to be.
Unfortunately my hate for anything that is USA stopped me from buying NVIDIA at 120 just few moths ago.
Not easy to make money for those trying politically and morally correct...whatever that may mean.
Back on POG now that US inflation has come down from recent high, I see the Fed in a position of strength free to chose the course of rate rise. As long as no more banks go down....they will have all the time they what to dose rates up or down or pausing, and therefore directly and effectively control the economy, but more importantly control the market for the benefit of their paymasters.
If you thing the Fed has been put in place to the benefit of people and the US economy , please allow me to call you naïve.
The Fed only act directly for the people when there is a danger of riot in the street, that is if unemployment would be at 15/20% and maybe high inflation....we are not going to get there by a mile...
POG will be always slave of the Fed and the media circus, and possibly blue chip techs will keep growing to infinity.
NVIDIA now has a PE of 180 and is neat all time high.....unbelievable.
Remind me of a multi years cycle for growth stock started post 2009 credit crunch, but from a higher starting point.
Love and peace.
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