Hi Readers
On Friday we saw numbers that remind those who where around back in 2007-08 that we haven't learnt a dam thing. Loan defaults on credit cards and Motor vehicles is exploding, its at the point right now that Subprime 2008 on property was. this is excluding property defaults.
That's how bad it is in the US, and its not just there its all around the world but no point harping on it as we have stated it many times on this Blog.
Used cars readers are about to collapse in prices far greater than what they went up in 2021.
Yes everyone wants to buy an electric vehicle but not many are looking at the pit falls of it.
The reason we have an energy crisis and will continue to is because the major investment funds have bought stakes in banks Blackrock,Vanguard and StateStreet, and then used there muscle and forced them not to lend money to the energy sectors. This is why there has been no investment into the Energy sector readers, whether you can accept that or not its the truth. Don't believe me look up the top 10 shareholders in any major bank, and you will see there footprint. What the world is going through has been planned for a very long time ago and is being executed to the T.
30 years of easy money is coming home to roost readers and believe me its going to be nasty, we all know people, businesses or family who have borrowed beyond what they can afford and there isn't anymore free cash to save them this time around.
Some are jumping into the crypto market in a big way, which is ok if your trading it.
If your investing in it then please wait, while many alt coins look cheap at the present time, there is far too much negative astrology for me to buy and hold so if I'm not buying it why are you.
You should be selling the spikes not buying the dips as this isn't a bull market.
I'm not going to get into arguments over the timing as some of you who are huge bitcoin bulls refuse to listen which is fine. Every buyer needs a seller.
The Tether time bomb is ticking, and once it explodes 80% of alts could become obsolete, as for DEFI well lets not go there. I will be a buyer in 2023 as some point not now.
For those who want to know what I've been doing in my portfolio.
Holding stock which haven't matured.
Selling and raising cash from my matured investments.
Not buying anything at the present time as I don't see anything cheap just yet. Yes there are some stock that I've been watching which have halved but not ready to pull the trigger as we haven't even started to see a panic yet in the asset markets yet.
As always use the above as an indicator to your own work.
The above is based on Financial Astrology, and is not financial advice.
Seek professional advice as I am not a financial advisor