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.
In life, as with investing, cause and effect aren’t instantaneous, but inevitable. The currency crisis doesn’t have to happen today, but it is, nonetheless, imminent.
I’ve been writing extensively, over the past few months, about the way I view, both the opportunity and the risks of the stock market. On the one hand, I still see tremendous upside for certain stocks and specific segments, but on the flip side, the potential downturn, which will result from the tightening cycle of interest rates, is a subject I devote considerable thought to as well.
Nobody quite knows the miracle of coincidences. My life has been full of events so rare that, looking back, they seem to be grandiose, but as they occurred, I paid no mind to them.