This is a re-do of Webinar #29, which I think is more coherent and on-point as to my argument.
Comments
Thanks for this contact. She is: 1. all up beat 2. where does she get her data? 3. All about 'wall st' not 'main st' 4. Innovation vs. stagnant industries ~ never dropping any names. Hard to figure out who to believe.
2020-10-26 16:24:50 +0000 UTC
So what can we do ? Don't keep cash as it would lose value and take debt as it will be easier to pay thanks to inflation ?
Adrian Adrian255
2020-10-23 14:16:01 +0000 UTC
Hi CRP, Jit here from Singapore. Am interested to hear your thoughts on Stephanie Kelton's ideas here. I would have loved to break them down more specifically but I'm still grappling with some of her concepts. I have been erring on the side of caution as well in terms of investing into the stock market. Still trying to grapple with the
government and FEDs role and limits of powers.
Kelton - https://www.youtube.com/watch?v=WmCrxlfdxrE&t=3159s
Cathie Woods from ARK Investment has quite an opposite take on the economic situation and she presents these information:
1) Unemployment rate: Consensus 8.5, actual 7.9%. Nonfarm payrolls disappointed 860,000, actual 660,000. Private sector upside surprise. 850,000, actual 877,000. Government sector big cut.
2) Increased hours worked (multiplicative). Businesses scrambling to keep up with consumer demand.
3) Q3 GDP. Looks to be up 39% on annualized rate. Consumer sentiment is good indicator for consumer activity.
In general, my current opinion is that both sides may have some truth. I'm still trying to grasp my own footing in this entire debacle.
https://www.youtube.com/watch?v=BZsvqqTbgEA