The financial "markets"...
....are making as much sense as some presidential candidates. For starters, are the huge drops over only two weeks. Record highs to solid bear market conditions. And not only in stocks, but also in bonds/rates. These usually head in opposite directions, which is the whole idea behind a "balanced, age linked, portfolio." Even more oddly, with interest rates at historic lows, the home mortgage rates seem little affected. Combine all this with falling prices for oil, and no real response to a full one trillion, that's TRILLION, of bond purchases, and other so called "quantitative easement" tricks. Never understood quite why they named it that. But I digress. Talking money heads claim that, in addition to Novid 19 overblown fears, there's a shortage of cash. What? Even less clear. Safer to stick with science. So nice to be grateful for having enough. The concept of enough is a great lesson for kids to learn. As in, I've had enough of the democrat mega pandering. Oops. And I really tried not to make this political, folks.
Meet the Author of this Blog
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Ocean Coast, Maine, USA
Retired, but busy. Years left to enjoy. Handy, curious, multilingual (German, French, Spanish, learning Portuguese). Love animals. Live on a salt water ocean bay just south of Canada. Angling off the rocky beach. Mussels. Watching the oceans reclaim
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