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I suppose lesson learned?
Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
In an inflationary economy like the one we have, "the market is at all time high" is not really a useful statement since it's the normal state of affairs.
Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Wsj had a great explainer on this today: https://www.wsj.com/finance/investing/gold-screams-debasemen... (Sorry, archive.ph not responding)
Earlier quoted context omitted.
> Advent of FATCA means it's hell for normal Americans to bank overseas. > But people with money notice. skill issue. you need more money.
Yeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.
Reminds me of Elon Musk recently complaining about how hard it is to be a billionaire.
Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Gold and silver is most likely from China buying a massive amount (to decouple from the USD slowly). Unsure about the asset bubble but interest rates are “high” compared to the zero interests days, still low historically. Assets are the best way to wash away inflation (you pay your debt with today money) so could be the reason.
Earlier quoted context omitted.
> Advent of FATCA means it's hell for normal Americans to bank overseas. > But people with money notice. skill issue. you need more money.
Yeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.
Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
I've been told though that it's a meme stock market these days. I don't believe that though — there are people trading billions of dollars in this machine. Perhaps they're waiting for the music stop and hoping they're not the last to grab a chair.
Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
The denominator is also decreasing (value of USD).
Fun times.
Gold and silver hitting all time highs, stock market at insane levels. We have an asset bubble even though interest rates are high. Why is this?
Losing faith in the value of the dollar in the face of our crazy fiscal position? The one thing that baffles me is energy prices. We haven't seen this oil/gold ratio since the pandemic, when demand for oil plummeted.
The only exception is the stock market but I believe there’s a lot of literature that if you remove the AI stocks from that there isn’t much S&P growth either.
Additionally with the dollar dropping over 10% the stock market real increase isn’t as high as it appears either.