Surely faster growth will help earnings catch up to prices, right? No need for the bubble to pop? Today’s stocks may seem cheap when this growth surge is fully realized. Right?
Good one Bill. I have a simple minded concern about AI. When AI replaces millions of jobs, and millions of people have no income, WHO buys the products companies make? Sounds like a lot of companies could go belly up! OH, and who feeds all the unemployed workers? Yep, more fiat money creation. KEEP THE GOLD!!!!
So I am fair. WHEN Bill gets it right I say so. I dont always trash him. This is spot on and Paul Tudor Jones is a VERY VERY SMART man and solid as OAK. AND I LISTEN TO HIM INTENTLY always. And yes our DEBT GLOBALLY is beyond the pale, sovereign, corporate, consumer and a reckoning is coming very soon and the PE ratio of MOST stocks is through the roof and UNATTAINABLE..as in their EARNINGS WILL NEVER GET THERE so its FAKE NEWS and the MARKETS are being fed by (dont get me started on "youth" i.e. those born after 1980 or 1990 to be certain) who havent SEEN hardship in their lives and many were SPOILED by their foolish parents and then they got their mba and went FISHING and worked on wallstreet or hedgefund city or even ROBINHOOD and now are SPECULATING and en masse they matter.....drove the markets to crazy levels.
I am long gold and dont hide it and it vexes me to see GOLD GOING DOWN. Are foreigners involved in that? MAYBE. DONT KNOW. SOMEONE CHECK PLEASE (Dano?) But BILL SPOT ON. And the Garden of EDEN is a great analogy. And the SNAKE.....call it SATAN or whoever or whatever...is OMNIPRESENT and no Garden without the SNAKE INDEED.
BUTTON UP THE HATCHES BOYS AND GIRLS. I AM SELLING NO GOLD. I WILL SELL THE FEW SHARES OF TECH I HOLD and SOON. And I am PRAYING HARD. Seeking DIVINE MERCY as I need that too. NOBODY ESCAPES THE JUDGEMENT OF ALMIGHTY GOD.
Good one Patrick. Yes gold can/will go up and down but 5000 years of financial history says it is always the tool of last resort in every financial collapse.
by FISHING I mean went looking for MONEY, threw caution to the wind and didnt do FUNDAMENTALS and ignored advice and became TRADERS....all in the name of the false god LIQUIDITY.
I have been investing for 40+ years. Every 10-15 years the same old mantra, “this time is different.” Maybe this time is different? My guess, it all blows up! Then all the cries of, the government must do something to keep this from happening again. Well, flash alert, they did that last time! Buckle up buttercup!
I, too, given credit when credit is due. Thank you, Bill, for providing a financially-related essay. And not a peep about that nasty orange man. That wasn’t so hard now was it Bill?
Good one Bill. I have a simple minded concern about AI. When AI replaces millions of jobs, and millions of people have no income, WHO buys the products companies make? Sounds like a lot of companies could go belly up! OH, and who feeds all the unemployed workers? Yep, more fiat money creation. KEEP THE GOLD!!!!
Jim Marshall
So I am fair. WHEN Bill gets it right I say so. I dont always trash him. This is spot on and Paul Tudor Jones is a VERY VERY SMART man and solid as OAK. AND I LISTEN TO HIM INTENTLY always. And yes our DEBT GLOBALLY is beyond the pale, sovereign, corporate, consumer and a reckoning is coming very soon and the PE ratio of MOST stocks is through the roof and UNATTAINABLE..as in their EARNINGS WILL NEVER GET THERE so its FAKE NEWS and the MARKETS are being fed by (dont get me started on "youth" i.e. those born after 1980 or 1990 to be certain) who havent SEEN hardship in their lives and many were SPOILED by their foolish parents and then they got their mba and went FISHING and worked on wallstreet or hedgefund city or even ROBINHOOD and now are SPECULATING and en masse they matter.....drove the markets to crazy levels.
I am long gold and dont hide it and it vexes me to see GOLD GOING DOWN. Are foreigners involved in that? MAYBE. DONT KNOW. SOMEONE CHECK PLEASE (Dano?) But BILL SPOT ON. And the Garden of EDEN is a great analogy. And the SNAKE.....call it SATAN or whoever or whatever...is OMNIPRESENT and no Garden without the SNAKE INDEED.
BUTTON UP THE HATCHES BOYS AND GIRLS. I AM SELLING NO GOLD. I WILL SELL THE FEW SHARES OF TECH I HOLD and SOON. And I am PRAYING HARD. Seeking DIVINE MERCY as I need that too. NOBODY ESCAPES THE JUDGEMENT OF ALMIGHTY GOD.
Good one Patrick. Yes gold can/will go up and down but 5000 years of financial history says it is always the tool of last resort in every financial collapse.
Jim Marshall.
by FISHING I mean went looking for MONEY, threw caution to the wind and didnt do FUNDAMENTALS and ignored advice and became TRADERS....all in the name of the false god LIQUIDITY.
I have been investing for 40+ years. Every 10-15 years the same old mantra, “this time is different.” Maybe this time is different? My guess, it all blows up! Then all the cries of, the government must do something to keep this from happening again. Well, flash alert, they did that last time! Buckle up buttercup!
I, too, given credit when credit is due. Thank you, Bill, for providing a financially-related essay. And not a peep about that nasty orange man. That wasn’t so hard now was it Bill?
Bill, you might find this interesting:
https://tech.yahoo.com/ai/article/this-claude-powered-ai-agent-deleted-a-companys-whole-database--and-then-gloated-about-it-165838948.html?utm_campaign=april29morningnote&utm_medium=email&utm_source=iterable&utm_content=morningnote
utterly gruesome start to the day !