Quote (Bazi @ Jun 3 2020 05:22pm)
Economy =\= stock market
The two are absolutely not interchangeable
Fed printing ultimate pump.
We're seeing pretty seismic shifts of wealth and market dynamics imo. In the medium-long term near zero interest rates and massive amounts of debt means inflation.
Fiat will lose it's purchasing power at a much higher rate than before, does anyone actually think we will ever get sovereign interest rates such as we seen in the 70s?
I think multiple expansion is going to be permanent. I think paying 20x+ pe for quality companies might be the new norm.
Who knows, maybe i'm wrong but it would be impossible to service this mount of debt if IR go up, inflation is the only way to get out of it without hitting the reset button lol.
I'm still extremely bullish alternative assets. BTC & certain commodities, residential real estate as well.
This post was edited by ofthevoid on Jun 3 2020 03:51pm