Cant be short here into what looks like an obvious rally, markets up for the first time in 8 sessions. We have falling rates, plunging commodities, and surging stocks. This is exactly what the tape will look like once the crisis is over. Sadly for us, the crisis has only just begun.
I’m not advocating selling short at the bell, but it might be a fine idea. In the meantime, gold is up, retail is up, and oil is down.
Bear in mind, the market isn’t forecasting some grim economic environment. We are merely bouncing. Don’t think about it too much.
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Remember that currently, your fiat net worth is zero, you are allowed to access your bank account, stock portfolio, and real estate at the discretion of the State. But when the State says Nyet to capital freedom, then the game is over.
the best time to escape the jaws of wartime capital controls is before they are enacted.
https://entrepreneurshandbook.co/for-the-war-fd5509d525d
The average American has nothing but debt.
How do you capital control a negative balance with less than one month’s rent in savings?
Sad but true.
Oh jees Did the rent moratorium end? I need to get some stamps.