Hi readers
How good is this stock market, property market or crypto market.
You can make money no matter what while who gives a shit who will end up paying for it.
In fact nothing can go down!!! really since when was there a free ride in life.
Markets regardless of which is being training to believe things only go one way.
Just put your money down and all is sweet.
Rates are at levels we haven't seen in 80 years so why not!
Well I'd love to believe in fairies too but the reality is someone has to pay the piper for playing the tune.
Is the Covid game over, astrology has always shown that it has to keep playing out until 2022/23.
So lets pick an economy and run with the facts no media bullshit.
Australia, has spent just under trillion Aussie dollars and what has it got for it ?
A booming housing market which the 10th biggest lenders to date is the mum and dad banks.
Small companies who have staff of less than 50 people are filing for liquidation and are under serious financial strain.
A booming Stock market with valuations higher that 3 years of anticipated revenue.
While the superannuation fund who hold property in there portfolios and loosing money hand over fist as there is no one in there to pay the rents. While they cant value there property holding to market conditions as they will face a 45% draw down.
So yep 1 trillion has done well for who ?
The states and Federal government.
Property stamp duty is at record levels,for the states while the booming stock market will insure the federal governments capital gains tax is at record highs.
So yep Australia you are moving in the right direction.
Then we have our American counterparts.
They have just printed and pumped up 40% more money (11 trillion dollars) into the economy and what have they got for it.
An economy growing less that before the pandemic, banks loaning money only for speculation and a booming property/stock Market.
So the US economy is growing we are told great where and what?
On people buying in shops stuff like women shoes, Nike clothes, and MJ runners.
Small business is filing for bankruptcy protection and companies are laying off staff, so yep 11 trillion has done wonders for the US economy.
Notice the pattern readers, what has government done is swayed people to becoming gamblers.
If its not the stock market its the property market, if its not property then it's crypto.
How can you possibly go wrong in crypto you buy a coin and the next day it go's up 50% like Dogecoin. Makes nothing represents nothing and is what, Luring in individuals of there savings.
Mum and Dad's will never get into crypto's, its got to be property, so property prices are exploding on FOMO yet earning are negative returns. There is 1.55 million properties vacant in Australia which are producing no rental income nothing and yet we ear the bullshit in Australia that there isn't enough property out there.
In America it's a similar picture there is 7.9 million properties vacant in the US, not producing rent or income, no one is living in them and there talking about no enough homes being built..really.
Now lets talk about real cost, to build a house in the US now cost 28% more just from Lumber costs going up.
Other costs like furniture and kitchens are a different story but for now lets just stick to the basics.
In Australia to build a new house prices have gone up by 26%.
From Fitting increases to telecommunication connection everything has gone up by double digit and yet inflation is just 1.8%.... really
The world is being fooled into a false sense of security while those who have educated themselves have looked at alternative investments
Oil/fuel alone has gone up by over 20% in the last 4 months so how is it possible to have only 2 % inflation.
Finally a 90 year old man let the cat out of the bag which i suspect not many realized, Warren Buffet who would be the first to know if there is inflation or not said it at his Berkshire shareholder meeting.
Inflation is out of control but the media is spinning the tune of there masters, do the same groceries you did 2 months ago and tell me there is only 2% inflation..
Tell me there is a 4 month wait on furniture or a 12 month wait on Bull Bars and prices haven't risen.
Toyota wont sell 4 wheel drive vehicles with a bull bar as there is a 12 month wait .
yep we have a strong economy people .
Believe what you will but the fact is governments are looking after themselves not the people they represent.
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