I am so angry, and we are so fucked.
For example, those of us who knew this was coming bought certain ETFs to front run the Fed and BlackRock, knowing they were going to begin purchasing them. Continue to seek out such opportunities in the future. The game is "rigged", so play along.
"When you can't change the direction of the wind, adjust your sails."
Yup, just keep buying long term debt.
Fun fact, long term us treasuries have crushed stocks over the last 25 years. 1.5x leveraged LTTs gained 1% more yearly that stocks since 1992, with the same volatility, but a maximum drop-down of 25% as compared to 50% for stocks. Thanks FED!
These results are not inflation adjusted.
#2: We used leverage to match volatility. This can realistically be done using futures. (and yes, I am claiming a leveraged bond portfolio is less risky than a 100% stock portfolio; the numbers back it!)
My point about bonds is that they take __less__ risk and still make more money.
The system is corrupt and unfixable. Exchange your dollars for an engineered money which can be confiscated via inflation or freely printed to funds endless wars.
How does one join that club?
> When asked if the Fed would run out of ammunition to support the economy, Powell said no.
> “When it comes to this lending, we're not going to run out of ammunition. That doesn't happen," he said.
TLDR "Okay, so you're going to buy everything you can without any discrimination about price to hack around fiscal policy failure, good to know."
https://www.federalreserve.gov/newsevents/pressreleases/mone... (Federal Reserve announces extensive new measures to support the economy)
https://www.usnews.com/news/us/articles/2020-03-26/fed-chair... (Fed Chair Powell Says Will Provide Nearly Unlimited Lending)
I do expect that at some point this pumping of economies (by increasing money supply) will fail miserably. I am not really that confident of how to position myself to profit or at least not loose my wealth when it happens.
My position is in mostly in real estate that I purchased during the last housing bust period. Hopefully that turns out.
Yes, but it's not reasonable to expect them to say anything else. The moment they even seemingly waver in their commitment to back the markets, stocks would take a very deep dive. So they need to maintain the illusion.
https://www.cnbc.com/2020/03/18/ben-bernanke-and-janet-yelle...
That's not proof. But considering the markets have largely "recovered," I think it's safe to say that it was semi-public knowledge that this was in the works.