The economist in me is screaming unprecedented debt, balance sheets, potential negative interest rates, unemployment claims, etc.
I'm following this scenario. The current, apparent status of the economy is honestly looking too good to be true for what happened since the beginning of the year. The artificial pumps and desperate attempts to hide the ugliness of what's to come is making me believe that once they stop everything they're doing to cover the real side of the economy, hell will unleash.
This PDF has a chart at page 5 that clearly shows the fact that short-time working is predicted to be for 2020 in Germany on a more-than-double increase in comparison with 2009 which is alarming. To me, the worldwide economy looks like an insane bubble they're still trying to protect from bursting.
Look at the worldwide debt - do you think it'll just increase forever and money will be printed continuously and everything will artificially increase to quadrillions of dollars in debt?
These measures they're taking to protect against a crisis can't go forever. They have to stop one day - wonder what'll happen after they do. I felt a crisis was inbound for years, but never did I expect what we're witnessing right now. I just ask myself many times of the day what comes after health crisis, and I sure do hope the answer isn't food shortage.
How has your asset allocation of stock,bonds, PMs, crypto changed? Are you more cash heavy right now? When do you think we'll the next leg down?
Yes. I was planning to
slowly accumulate PMs and crypto in the following 1-2 years, but now I'm on fast forward.