Post Labor Day Trading – US Markets, USD, Metals
Chris Vermeulen, Founder of The Technical Traders shares his thoughts on the post Labor Day trading. We look at the US markets continued run higher. As well as what a pullback would mean for the overall bull market. We also discuss the USD and why Chris is very optimistic about the metals in before the year is over.
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You, the taxpayer, bailed the criminal bankers out and have been screwed for the last decade with negative real interest rates and stagnant real wages, while the Wall Street scum have raked in risk free billions in profits provided by their captured puppets at the Federal Reserve. The criminal CEOs and their executive teams of henchmen have rewarded themselves with billions in bonuses while risk averse grandmas “earn” .10% on their money market accounts while acquiring a taste for Fancy Feast savory salmon cat food.
I find the cognitive dissonance and normalcy bias regarding what has actually happened over the last ten years to be at astounding levels. As someone who views the world based upon a factual assessment of financial, economic and global data, I’m flabbergasted at the willful ignorance of the populace and the ease with which the ruling class has used their propaganda machine to convince people our current situation is normal, improving, and eternally sustainable.
The vast majority of math challenged citizens in this country don’t understand the concepts of real interest rates, real wages, debt to GDP, deficits, national debt, or unfunded liabilities. As long as their credit cards are accepted and they can get that pack of smokes with their debit card, all is well with the world. They’ve been convinced by the propagandist corporate media machine that acquiring stuff on credit makes them wealthier. They think their wages are increasing when they get a 2.5% raise, when they are falling further behind because true inflation exceeds 5%.
+1
But with regard to interest rates the US (and most countries) are walking a fine line.
If interest rates go up much the cost of carrying the debt explodes.
Physical platinum is getting harder to buy even at the few ounces level.
Ira’s metals
What’s Trump doing, buying gold?
The metals are on the smell big time. Could be in for abit of a pounding here.
https://www.zerohedge.com/news/2018-09-04/10-years-later-no-lessons-learned
10 Years Later………………….