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RealInvestmentAdvice/Patick Hill/4-1-2021
“Our economy has entered the twilight zone. Today, economic leaders base policies on a hoped-for utopia with bubbles called ‘growing markets’ and greed termed ‘good valuations’. The twilight zone economy is a place where fundamentals have disappeared. It is a utopian world of no moral hazard for business, financial or economic mistakes. In the last year, the Federal Reserve has injected over $4.1T into the banking, hedge fund, Wall Street complex of the financial elite. Vast injections of dollars have sent stock valuations to record highs. Yet, the pandemic-driven economy is real for 19M Americans out of work, others who lost 540,000 loved ones, and millions carrying housing debt due to missed rent and house payments.”
USAGOLD note: What are the consequences when financial markets trade on a perception of reality rather than reality itself? Patrick Hill, who has 20 years of experience in the tech sector under his belt, explores that question in this in-depth article and offers some conclusions with which we happen to agree. The reality, however, is that the Federal Reserve and the federal government are not likely to take his advice anytime soon …… A must-read at the link…
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