Most people think that today’s wealth gap and income inequality circumstances are outrageous, but in the coming downturn, in the heat of the crisis and the ensuing transfer of wealth, the PAIN will become unbearable and even greater.
This has been an incredible year to be an investor. We’re up, across all sectors. Since December’s -19.2% drop, September 2018’s bottom in gold, and December’s bottom in Bitcoin, it’s been an OCEAN OF GREEN!
On Monday, Trump and Mnuchin met with FED Chairman Powell at the White House. They discussed many topics, but from the looks of it, nothing major came out of it.
President Trump just gave a 75-minute speech at the New York Economic Club. He talked about the administration’s achievements in the fields of unemployment, tax cuts, deregulation, energy deals, trade deals and many other topics.
First of all, gold stocks aren’t dead at all. They’re under pressure, since the markets are trading at all-time highs and the trade war is looking like it is gearing up for a truce, but they’re not toast.