What an interesting year it has been . I am not going to do a major recap. Only a few things really happened…China owns us and US Financial and Housing CEO’s are punk ass momentum bitches.
As Fred appropriately says…”We are Where we Are ”
It’s true. Prices are all that matter. Fred seems very concerned. I am not. Japan owned us 20 years ago, so did the Germans for a few hours. We bought the stuff back from them for pennies.
Same shit, different timeline? I think so. I think the global taste of wealth is intoxicating and contagious .
Most of America is fat and lazy, but our cream of the crop blows everyone elses’s away. We are like Trump in the 80’s. We owe sooooo much money that nobody can afford to collect. It’s better for our creditors to keep us afloat. my bet is we come through this once again.
If we don’t, what good is all the money you make shorting anyways. You will be dead or a slave or here .
Disclosure – Shamelessly Optimistic