Loading ...Interest rates have been reverted for over 600 days. The FED has changed course even though they never came close to their inflation target. History tells us that after the yield curve returns to normal a recession/depression occurs. The longer the yield curve stays inverted, the deeper the recession/depression.
The current state of the world politics, economics, and warfare has resulted in the entire world being vulnerable to a severe depression. Historically, a significant popular war is at the bottom of the economic cycle. The Viet Nam war was the unpopular war at the top of the long term cycle.
If things get bad enough, all debt will be repudiated like the Jewish year of the Jubilee. I don’t have a clue how all this will unfold. Banks, insurance companies and retirement plans are full of stocks and bonds in their reserves.
I still have a few pieces to add to my doomsday list but I have the significant ones in place. I’m very closely watching platinum and palladium in relationship to gold and silver.
”Keep on stacking” !
rno