Inflation is growing faster than the media is saying it is,
The demand for bailout money will be far greater than 2008; Way too high for the entire middle class to pay, so the government MUST take from the top 1% if they ever hope to salvage the fiat economy from the incoming Vast Crash of the century
I have cashed out of almost all of my positions. I’m now only in the squeeze plays (GME, AMC, BBIG) and also some OTC positions (SHLDQ, SRSR) that should rocket up when GME does.
I’ve also spent hours comparing a lot of different funds, to see which one would earn me big $ in the event of a crash. I used last year’s Feb/March correction as an apples to apples direct comparison. Going in, I expected that I would be buying puts on SPY, but after my research, the best reward comes from FAZ. I used an options calculator to compare various strike prices, and ended up settling on $38 calls. I bought Jan ‘22 expiration, because they’re 1/3 the cost of Jan ‘23. Yes, I said “calls” (not puts) because FAZ moves inverse of the market.
I got started in investing in Oct ‘19, and have fortunately made a lot of $ so far, but obviously I’m still very much a newbie who has much to learn. So please do your own research, I’m in no way offering advice, just telling my personal situation.
Lastly, I’m not saying that I want a crash to happen, but if it does, which looks certain, then it’s not a bad idea to be prepared for it.
But what about my amc and gme to the moon?
They can't bail out the banks this time around;
Inflation is growing faster than the media is saying it is,
The demand for bailout money will be far greater than 2008; Way too high for the entire middle class to pay, so the government MUST take from the top 1% if they ever hope to salvage the fiat economy from the incoming Vast Crash of the century
They will print money instead, leading to runaway inflation.
Oops. Guess their existing model can't handle that many negative numbers all at once.
If you multiply two negative numbers you get a positive! So we just need to multiply our debt by MORE debt. Super easy!
Money printer go brrrrrrrrrrrrr
I have cashed out of almost all of my positions. I’m now only in the squeeze plays (GME, AMC, BBIG) and also some OTC positions (SHLDQ, SRSR) that should rocket up when GME does.
I’ve also spent hours comparing a lot of different funds, to see which one would earn me big $ in the event of a crash. I used last year’s Feb/March correction as an apples to apples direct comparison. Going in, I expected that I would be buying puts on SPY, but after my research, the best reward comes from FAZ. I used an options calculator to compare various strike prices, and ended up settling on $38 calls. I bought Jan ‘22 expiration, because they’re 1/3 the cost of Jan ‘23. Yes, I said “calls” (not puts) because FAZ moves inverse of the market.
I got started in investing in Oct ‘19, and have fortunately made a lot of $ so far, but obviously I’m still very much a newbie who has much to learn. So please do your own research, I’m in no way offering advice, just telling my personal situation.
Lastly, I’m not saying that I want a crash to happen, but if it does, which looks certain, then it’s not a bad idea to be prepared for it.
search for new york fed nowcast, which leads to newyorkfed.org/research/policy/nowcast
That's so scary to read, I'm so not prepared.