@axtremus said in Lowest 100 day job approval other than Ford and Trump:
@jolly said in Lowest 100 day job approval other than Ford and Trump:
I'm not wishing, I'm preparing.
That is worthwhile discussion. If you donât mind elaborating your thought, do consider starting a new thread to talk about how (and maybe when) you think the economy might tank, and what you think can be done to prepare for such it.
I think we stand a pretty decent chance of stagflation. I think we have thrown money with both hands at an economy that didn't need it. If Biden gets his infrastructure bill, we're talking about 5.5 trillion dollars dumped into the streets. I already see inflation happening in the grocery store, the lumberyard and the car dealership, far in excess if the 2%/yr we have become accustomed to.
Central banks are still monetizing large deficits with fiat money backed by nothing, ala MMT. I think companies and individuals both owe way too much money. Because of this, and because if we actually tried to go back to a more conservative and sound fiscal policy, I think bonds suffer and when the bonds tank, credit in general tanks.
Too much money dumped into the system, possible negative shocks still to come in the supply chain, rising interest rates and a possible recession as the cherry on top. Might be some interesting times.
Good stocks did ok during the last stagflation cycle, but I'm not so sure this time as I think the market is over-valued. I'm thinking real assets such as PM's, land, etc., may do best...