Found a new avatar for Master Han:
I am calling it now. We are in for hyperinflation. Hold on to your butts and start buying real estate.
When Bitcoin soars, cash is trash and RE is king.
Wouldn’t fed raise interest rate? Or are they trapped from raising the rate in fear of slowing down the economy? If that’s case, uncontrolled inflation (hyperinflation) is coming followed by a big crash once fed decide to adjust.
Sound about right, that how they have been doing for decades.
Love hyperinflation. Great for RE. Plus it flushes out all the illegal cash from the underground economy. Forces them to spend it.
I am still waiting for the hyperinflation everyone was predicting back in 2009. Fed has been printing trillions of dollars since GFC and those damn inflations still nowhere to be seen.
The Japanese have been waiting for 30 years as well.
Waiting? How have you prepared for hyperinflation?
By having no cash.
@manch is having fun because he caught me asking a foolish question.
Guess you also avoid those stocks that are slow/ have difficulties passing the cost to customers.
Well - within reason.
https://www.msn.com/en-us/money/markets/hyperinflation-pushes-venezuela-to-print-1000000-bolivar-bills/ar-BB1ei8Dj
Possibly true but don’t believe QQQ would make new low lower than $296.92. For added safety, I bot some QQQ puts.
As for SPX, I think should drop to 100-day SMA, currently at 3687… so Panda target of 3666 is possible.
I have not looked at QQQ and SPX yet… too tired already… so far watch TV serials, listen to Beth, and many chores
Inflation is every where you have too look deeper.
This 1.9T of stimulus is just bailout of overpriced employees and contractors.
It will not create a single bridge in SF bay area. We need new bridges to connect North Bay with Penninsuala without going through SF and similar with East bay. as more population living spread out in suburban areas. more free ways needed that avoid congested cities.
money printing has destroyed Japan. it is no longer leading country in any field.
The only saving grace is overseas factories of Japanese brands that keep them afloat. They cannot make a single complex product or factory without European engineering.
You need to focus and sharpen your EWT skills. Be a Master like Panda!
Beth’s TA guy uses EWT but you said he’s no good?
Plenty of inflation in RE prices
Nobody buys a house every year. It’s an asset, not a consumable product. A better measure is rent:
Over the last 10 years, rent increased 37%. That’s 3.2% CAGR. Yes, there is inflation in there, but very mild. Nobody spend all their money on rent either. We need to look at a whole basket of goods.
Here’s food prices. 21% increase over 10 years. That’s 2% CAGR:
Energy prices actually went down 8% over the last 10 years, -1% CAGR: