I agree with that Donald. The first cycle of the wealth effect is ready to rumble. the government has been unsuccessful in driving up wages. A failed stimulus only kept the boat a float but hasn’t been able to fix the faults in a failed economic structure. Now a new strategy is about to be unleashed, this is called the wealth effect, different path to my expectations, I thought the modern monetary theory would be used (this might be phase 2 if the wealth effect fails). essentially the government is going to allow assets to enter a super cycle to make people/investors feel wealthy, so they in turn will go on spending sprees this driving prices and inflation which in turn will push up wages. Lets watch this space. Money not invested, may very shortly be the most worthless money you’ve ever had.
BPM Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
