We’ve featured Charles Hugh Smith a number of times at ACC. He’s one of my favorite economic commentators. If you don’t have his site Of Two Minds bookmarked you should consider it.
It’s never time to panic. That is certainly doubly true when it comes to investing. But it takes a disciplined mind to avoid freaking out as shares continue to march lower day after day. And in the midst of the chaos to make wise decisions.
I mean sure, but what does “massive” really mean? He could have said “super-duper colossal” bubble and that would have been way worse right? It’s not until we’re in super-duper bubble territory that we need to worry? Right?
Gee, where’d everybody go? I have some stocks and bonds I need to sell.
The truth is people just don’t care so long as their 401ks and IRAs keep generally going up in “value.” The best friend Obama ever had and will ever have is the Fed which recklessly printed and inflated the stock market. Can you imagine where Obama would be today if the Dow was still hanging around 8000 or so? He probably wouldn’t be president, one way or another.
What is Janet Yellen, new Fed chairman, really worried about?
When I really started learning about high frequency trading about 5 years ago my general interest in the stock market as a vehicle for personal wealth creation diminished quite a lot. The 60 Minutes video which is attached will give you an idea why.
It’s not often that I laugh when reading about Treasury bonds. But I did reading this article.
Wouldn’t that be a good way to jump start the economy?
You thought that as an American you were protected by the Constitution and that you could be secure in your “papers and effects.” The 4th Amendment says so.
The Fed’s latest stock market bubble is at risk of blowing up.