That shit is going to change quickly. even the guys that have turned sitting on their ass in to an art form, will be lured back in to the market because the money "seems" really good. inflation is here, and this is just a taste of it.PXYC wrote: ↑Mon May 10, 2021 10:13 pmI was never completly sold on the basic income idea, although the progressive ideals in me always pushed me into accepting it. Right now I just think its a bad idea. I mean yeah I accept it in times of extreme crisis, like *now*, but not as a system.
I am trying to change a window on my appartment and the prices exploded, and I feel that with AFP money in their pocket the window guys just don't bother working except for extremly inflated prices. I can't imagine a world where this logic extends to everything. It would be a China world for sure.
I am buying all the stocks I can in any oil and gas producer, because the only thing that keeps pace with inflation is ENERGY; perhaps real estate (just not to the same velocity).
look at history. during crisis, what increased in price: energy. Japan and germany lost wwll, because of constrained energy supplies. the southern united states lost the civil war because of energy constraints. Economic growth requires energy.
yea, bla,bla,bla gold increased. bla, bla,bla, this is good or that is good. They all need energy. renewables are wonderful idea, but 10+ years from now. I sold my copper and lithium stocks last year, when I realized there is plenty of time to step back in to that. in the meantime there is a lot of money to be made in the premature constraints being placed on oil and gas (not a fan of gas, but they go together).