It seems that lately there have been two major narratives that have emerged above all else, during times of unprecedented division among people it comes as no surprise, in this article, I am not going to discuss the politics behind it but focus more on the financial aspect of this division.
We live in times when information literally travels at the speed of light which allows for people like myself to read or hear what some of the brightest minds in the world have to say about the particular matter.
In simple terms, what I want to talk about is the Yin and Yang of the world, there is a constant fight between bulls and bears in financial markets, which I believe are a lot easier to understand once you assign some names and faces to them.
I suppose everybody has heard about Warren Buffet, the titan behind the wheel of Berkshire Hathaway, who even has a financial indicator named after him I believe, so according to him and many other prominent names such as Michael Burry we are balancing on the verge of collapse as not many people can remember market being inflated to such extent.
On the other side, we have people like Cathie Wood of Ark Invest or Tom J Lee, who argue that markets have much more room to grow, particularly due to technological innovations, such as automatization and blockchain technologies.
However, these above-mentioned people, although famous and influential don't control the markets. But I will tell you who does, it's the FED, IMF, ECB, and the heads of national banks.
Now I may not be a financial expert, but I know one thing, somebody needs to do something about the current situation. On one hand, if FED won't stop the Money Printer, people savings, wages, and cash assets will be destroyed, on the other hand, a rise in the interest rate and slowed asset purchasing, will cause a massive wave of bankruptcies, which in turn will create massive unemployment and collapse of supply chains.
To wrap everything up I will quote a common saying, that it is always interesting to watch a house on fire, but in this case, the house is a global monetary system, and the outcome of the decision is likely going to affect all of us.
Posted Using LeoFinance Beta
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