Two bits of economic trivia: In Galbraith's class
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Posted On: 04/02/2020 3:07:36 PM
Two bits of economic trivia: In Galbraith's classic, The Great Crash of 1929, he makes the point repeatedly and convincingly (in my opinion) that the stock market crash did not trigger the Great Depression. So, it might be premature to think everything's going to the dogs, but on the other hand, it might be.
And, in my personal research, for what it's worth, I've found that since Certificates of Deposit were introduced, in about 1950, there have been 7 or 8 recessions, I can't remember. And in none of those cases did the onset occur when the national average of CD interest was below 5%. Not causation, but an interesting correlation.
I can't see how the stock market can possibly be up today. People might want to look into inverse ETFs, particularly DOG and SH, as hedges, better, I think than gold.
And, in my personal research, for what it's worth, I've found that since Certificates of Deposit were introduced, in about 1950, there have been 7 or 8 recessions, I can't remember. And in none of those cases did the onset occur when the national average of CD interest was below 5%. Not causation, but an interesting correlation.
I can't see how the stock market can possibly be up today. People might want to look into inverse ETFs, particularly DOG and SH, as hedges, better, I think than gold.
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