October 9, 2024 EcoAnemia Pills
It is not the probability of an event that is important, but the amount of profit or loss you will have if the event occurs.
EcoAnemia Pills
Emerging market equities are now trading at 55-year lows.
At this point it seems interesting to turn to these specific markets.
Within 2 years, the U.S. national debt is expected to exceed GDP for the first time since the start of World War II.
A new war on the way ?
The Warren Buffett Indicator reached 197%, the highest level in history, surpassing the Dot-Com bubble and the 2008 global financial crisis.
The awakening from the recovery will be very rough indeed.
Will the U.S. try to recover from a recession with a war as usual?
Russia will allocate over $500 million for each of the next 3 years to buy precious metals, including silver and palladium (not just gold).
A very smart move.
The interest rate on credit cards issued by Commercial Bank (U.S.) reaches an all-time high of 21.76%.
Heavy profit-taking at the Hang Seng, which closed with a record loss : -9.41%.
This is what happens in a market that moves only on speculation, and not on the real fundamentals of the economy.
A textbook example of what I call EcoAnemia.
