The average person has seen their real net worth decline over the past two decades. Despite record level intervention by both the central banks and governments, the average person has not seen the benefits of a devalued currency. Those who are in the 1% and higher group have seen much of the wealth transferred to them. This goes beyond a timeframe that most investors look to. Beyond just the 10 year timeline. This isn’t a 401k type investor either. When you look at the massive financial corporations, where money has moved to and from, you see a massively different strategy than what the average household is doing and of course, for most people an upcoming recession will result in the evisceration of their retirement accounts and leave them with nothing.
Edward Lawrence on Twitter: “The latest: the Chinese delegation worked late into the evening. They went back and forth on if they are staying or not for Friday talks. The sense is that the moves this week with the Entity list and VISA restrictions soured the atmosphere. They could still stay depends on today”
Dim prospects for deal as China and US resume trade war talks | South China Morning Post
Repo and Reverse Repo Operations – Federal Reserve Bank of New York
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Expert who called the 2008 crisis says repeat of December meltdown is inevitable – MarketWatch
Almost 1 in 5 Americans hide cash in their homes fearing a recession
www.cnbc.com/2019/10/10/almost-1-in-5-americans-hide-cash-in-their-homes-fearing-a-recession.html
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Gas prices exceed $5 a gallon at some Los Angeles area stations | FOX 5 New York
www.fox5ny.com/news/gas-prices-exceed-5-a-gallon-at-some-los-angeles-area-stations
80% of Canadians would take pension over salary hike: Poll – BNN Bloomberg
www.bnnbloomberg.ca/80-of-canadians-would-take-pension-over-salary-hike-poll-1.1328845
Focus on yield curve ‘ridiculous,’ David Rosenberg says – BNN Bloomberg
www.bnnbloomberg.ca/focus-on-yield-curve-ridiculous-david-rosenberg-says-1.1302206
In historic sale, Greek debt carries negative interest rate – The Washington Post
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