RE:RE:RE:RE:RE:RE:RE:RE:Another example of the hypocrisy of the ESG left thanks for you thought and contribution.
It does feel like(to me anyway) politicians have agenda to wreck this economy so they can build back better, without telling us what their 'better' mean. When i see hospitals laying off unvaxxed staff, gov'ts banning unvaxxed truckers, these workers were heros for the last 2 years but today they are zeros. It seem cranking the fiat printing press isn't fast enough to trash the economy. We need to differentiate inflation due to money printing versus self induced damage from voluntary covid restriction and supply chain disruption.
Another puzzling thought is why the traditional haven into precious metals from money printing isn't happening. Some would says new money is going into cryptos but bitcoin isn't flying either, actually still down ~35% of its peak. I try to under the macro stuffs first before trying to under the micro stuffs. Something banana is happening now indeed.
LiLy2021 wrote:
alvarez2 wrote:
I'm not suggesting you buy the companies I owned........my point is, look for value in companies/ sectors that are depressed but future fundamentals are strong.......where nobody's interested. Not easy to find these days btw. Someone on here mentioned the possibility of a rough road ahead. I'm guessing he's older like some of us and been through a few down turns in his life. I tend to agree with him. High inflation and elevated energy prices........I to feel we're on our way to a deep recession at the very least . The millenials don't even know what that is.
I am not buying the companies you mentioned, not after you have sold them, Sir. :-). I just want to compare and see where they are in terms of valuation and how they trade compared to their peers.
I have never been through a recession except for the financial crisis in 2008. I dodged that bullet because I was already out of equities and started venturing into real estate. The dynamics have changed so much that I believe comparing what we're going through now to past recessions is not comparing apples to oranges; it's more like comparing bananas to rocks. If France is trying to savage its economy by printing a quadrillion Euros, England is up for a war chest with its newly-minted nonillion pounds; Canada wouldn't want to fall behind so we have a quindecillion more to spend; China is somewhere close to a vigintillion yuan and I'm guessing it's about an octillion (that's 1.0 x 10^27) new dollars for the USA. Okay. They haven't printed this much but we'll need these measurements soon because a trillion will soon become worthless.
I used to need a trolly for $200 worth of groceries. I'm now carrying them in two small bags. I don't know how the leaders around the world are planning to do but I can't bet against people who own the printing press.
Are they going to raise rates to tame inflation and risk faltering an already very fragile economy or will they keep on giving out cheap debts? I recently mentioned that I just renewed my mortgage for a rental. The rate is just ridiculous.
So what do you think will trigger a recession and how are you preparing for it? Thank you for your wisdom and advice once again.