gold, page-83094

Gold - they say earns no interest and has storage costs etc as a defense of any other asset except gold.
Real estate has to be the biggest con out there. CBs have to keep borrowing costs ie interest rates low as no one can afford the repayments at anything over a few measly percent.
ANd Interest Only loans. ! Pushed by many lenders as a great way to borrow.
Anyone that has paid market price for Real estate in the last 10 years expecting higher prices - good luck.
Anyone paying interest only - on a residential mortgage - No one taught any of them anything about money obviously.
The financial world is chugging long - with the wealthy expecting things to blow over eventually and things go back to normal.
The low paid worker on assistance is getting more money than before and doesnt want things back to normal.
Small business in entertainment, shops/cafes, restaurants are closing and many wont reopen.
Big business is being supported and will fill the gaps left by small business (yay!?!) meaning higher costs and less choice.
Overall - consumer debt is the main problem on main st - with income falling, defaults will rise. Even with gov stimulus - defaults are expected.
On wall st - the problem is at some point asset prices find a ceiling that even banks funded by free money and FED mandate wont touch.
Maybe thats at PE 100 for SP500?
With leverage at the top of the market more fatal than at lower levels, it will be interesting to see what sort of damage a 1000 or 2000 pt drop on the DJIA does.