jeff9366
Super Star Member
- Joined
- Jan 14, 2011
- Messages
- 12,394
- Tractor
- Kubota Tractor Loader L3560 HST+ ~~~~~~~~~~~~~ 3,700 pounds bare tractor, 5,400 pounds operating weight, 37 horsepower
Precious metals, too. Real estate market poised to collapse.
Add to that 41 year high inflation and the highest fuel prices in history and we have the worst economic forecast of my lifetime.
In terms of today, there remain two jobs available for every unemployed worker.
The stock market is down around 30% from its high. Inflation has reduced the purchasing power of what is left by 10%.
However, as recently as 2008-2009 the stock market fell ~65% from its pre-2008 peak.
Major swings in the stock market are terrifying but characteristic of unimpeded capital markets.
The really frightening "new" factor is rising interest rates effect on both federal and state debt.
Every investment is in the toilet, unless you’re an “insider”.
The wealthiest 10% of the population owns 90% of all stocks. One reason their investments grow is they are seldom sell. Their investments are essentially "buy and hold". Further keep in mind that great wealth is 25% held by those who inherit it.
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