We're basically in a low-key recession that is being masked by circular AI deals and speculation.

ProllyInfamous 13 hours ago | parent | next [-]

From March 16, 2020 (Covid scare reality / market-drop), the marketcaps of Top 10,000 traded companies has doubled (from low $70 Trillion USD to low $140 T)

But bullion has done even better (particularly past month).

So — extrapolating — I'd recon the USD is inflating away its problems (mostly: itself).

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batshit_beaver 12 hours ago | parent | next [-]

What's interesting is that the strength of US dollar vs other currencies is barely budging in the meantime. Seems like everyone else is inflating away their problems too, so it all evens out in the end (unless you're poor with no assets, in any country).

	▲	ProllyInfamous 7 hours ago \| parent [-]
		Swiss franc is strongest of fiats — but still fiat. Many historians of many generations contend that debased currencies fail first slowly, then fast. Watching gold has been eye-opening to all living generations. Just a few months ago my lawyer didn't believe me when I told him "gold just broke four thousand dollars!" [day of this post gold hit ATH of $5400]

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mschuster91 12 hours ago | parent | prev [-]

> But bullion has done even better (particularly past month).

No wonder, people are fed up with the US administration and its constant firehose of bullshit. But there are no viable contenders to the US Dollar as reserve asset - the Eurozone is too fractured, China is under currency controls, Germany on its own outclasses India, and Japan's economy is headed for some serious BS once it follows their population age graph.

That only leaves gold... the question is, is it physical gold? (And my opinion is: as long as it's not in a vault under your control, you're buying IOUs, not gold)

	▲	ProllyInfamous 7 hours ago \| parent [-]
		I think not physically holding your bullion is equivalent to not your keys, not your crypto. I do small amounts of both.

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Spivak 12 hours ago | parent | prev [-]

I don't think it's low-key at all, it's plainly obvious that there's a recession "on the ground" except that people's stock portfolios are being spared. If you're looking for employment right now or at prices for staples it's pretty dim.