>> “What in God’s name is holding the markets up? You would think people would withdraw their funds and begin to convert to tangible assets. ????” <<
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Lots of investment advisors have turned government shills, and are predicting massive gains for investors.
What they’re not telling is that when the facade cracks there will be no opportunity to turn paper investments into liquid assets.
remember when the world was going to end in the 1960s in a social revolution and money would never be used again?
remember in the 1970s when the ice age was going to destroy society?
remember in the 1980s when the cold war was going to blow up the world and only those with freeze dried bananas would live? (and those selling fall out shelters were invested in the stock market)
in the 1990s we had clintongeddon.
EVERYONE always screems against the usa and hollars we are dooooooomed. Yet nobody has ever lost betting on the usa.