Retirement Lifestyle Advocates
Debt has consequences. As does currency creation to temporarily mask the economic effects of excessive debt.
Over the past couple of years or so, every American has felt the effects of this dollar devaluation first-hand as consumer price inflation has driven the price of nearly every necessity higher.
Depression parallels? Not a comfortable topic to discuss, to be sure. But as my now oft-quoted history professor used to say, “those who don’t study history are doomed to repeat it”.
The Chinese Yuan is gaining favor around the world at the expense of the US Dollar.
Happy New Year! And, with the new year comes higher taxes, thanks to the Washington politicians.
As the year 2022 comes to a close, and we look forward to next year, it is difficult to move ahead, anticipating a better year economically speaking.
In reading an article penned by Egon von Greyerz this past week, I was reminded of the prescient writings of George Orwell as it relates to where we now find ourselves economically and politically.
The push toward central bank-issued digital currencies continues as inflation continues to demolish purchasing power around the world.
Financial assets like stocks and real estate don’t react well to deflation. Ultimately, I believe stocks will have to go much lower.
Despite the recent rally in stocks, when analyzing longer-term price charts, it is my view that stocks remain in a downtrend at this point in time.