gold, page-59672

I’ve been in more cash relatively speaking for years! I have also missed out on s lot of good opportunities interim. 2018 was a very uncomfortable tune for me as I got shaken out of good exposures and when I thought the ‘dust settled’, one had to rush in or get left out. I got left out for months and months.

I can’t see a crash myself but we are due a big profit taking trigger. Speculating what Trump might do is just useless. A random act. He is not threatened because the equity markets are performing.

WRT economic modeling, under what type of scenario can bond yields rise continuously without impinging consumer confidence in US? There is precedence with QT + rate rises. I suspect if there wasn’t a trade war last year, global growth would have continued with rates normalization in US spreading that confidence to others. Now even us In Oz are busily speculating QE, still very much a new concept.