A curious comment....
My Reply:
The rise in gold and oil is a sign of inflation or lack of confidence in paper money...probably caused by the extreme monetary hyper-liquidity that the FED has allowed...for way too long now.
Indeed, the hyperliquidity seems to have caused inflation in bond prices too! Now that's a conundrum! But bonds are "assets" too...I suppose.
It's been all about ASSET INFLATION for the last 20 years... But that was only made possible because of the wage deflation that was a one-off side effect of Friedman's beloved Globalism.
The real story this January is the big run up in gold and oil...not the seasonal spike in the Dow...which is strictly for the 401k lemmings...
The only thing better than cash today...is gold or gold stocks...we are heading for STAGFLATION later this year.
Weaker housing, a punk dollar, higher rates and higher gold prices; as confidence in paper assets deteriorates...and the asset bubbles deflate.
Fortunately, gold NEVER WAS in a bubble...the Central Banks took care of that! Now even they are losing contol of the hard assets like oil and metals.
But your suggestion of "the mattress" might be a good idea in October!
