Please watch my new video presentation - "Why U.S. Wealth Is In A Bubble (and heading for a crash)": https://lnkd.in/epNRWNa U.S. household wealth has surged by $46 trillion or 83% since the 2009 Great Recession. Unfortunately, it's not a sustainable boom, but a dangerous, artificial bubble that is going to crash hard and wipe out many Americans' hard-earned wealth. The mainstream explanation for rising wealth inequality is that it's due to a defect of capitalism itself. This is WRONG. It is mostly a byproduct of this Fed-driven wealth bubble...but this bubble is going to burst and inequality will actually decrease. I believe that society should be more concerned about today’s bubbles and how they are going to damage the real economy when they implode rather than wealth inequality, which is just a temporary phenomenon due to these asset bubbles. --------------------------------------------------------------------------------- #Fed #economy #economics #markets #finance #investing #investment #investors #bonds #debt #stocks #Dow #SP500 #Nasdaq #NYSE
Isn’t it all about timing? History tells us that bubbles can last much longer than expected. Where should all the money go? save haven bet, like gold & cash? any idea/forecast when the markets will factor it in? I prefer to ride the wave and stay invested globally, EM has still a long way to go
The historical evidence does not support the views expressed here. The best reference (but hardly the only one) is developed in the book “The Great Leveler,” by the eminent Stanford historian, Walter Scheidel. According to his analytical research, historically there are four reasons that wealth inequality is reversed: (1) mass mobilization warfare, (2) transformative revolution, (3)state failure, and (4) lethal pandemics. To those a fifth should be added: climate change, which historian Ian Morris in “Why the West Rules - For Now” hints at. But nothing in the last 3,000 years provides much evidence. The wealth gap has been a recurring problem for at least the last 5,000 years, irrespective of forms of government.
This is scary time to buy gold and silver
Could you do this on a log scale to show relative differences? It’ll be much more informative.
Head Emerging Markets and Member of the Portfolio Management Board - Fisch Asset Management, Zurich
6 年That is what markets are about - sellers meeting buyers.