Strange times
Half the world is in a lockdown, a so called pandemic is killing economies. Health systems are on the brink of crashing, and unemployment is at record highs in Europe... And what happens? The stock market reaches all time highs? Bitcoin is near its all time high... Gold is substantially higher than last year, real estate in Europe is higher than ever?
Does something smell dodgy here? Yep, I think so too! Quantitative Easing is the main reason behind this. No real economy! Just the addiction to free money...
This will end badly, not for BTC or crypto, and probably not for gold too, my main bet is real estate! I believe it will drop like a stone, when the bubble pops...
I could be wrong, who knows?
Sincerely,
Pele23
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No real economy? Hmm.. Yes, they are strange times, but we can’t say that the economy is not working..
It is a figure of speech, of course there are real economies, but I mean that's not what is fuelling the rise on the stock market...
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Yes, you are probably right, but.. the most of the companies which are currently rising on the stock marcket are tech companies :)
Bitcoin pump is as punctual as a clock, so there's nothing weird with it...
But stocks are totally out of everything... It's like the PEAK of the fake economy and finances... It's just unbelievable how things will crash hard...
And regarding real-estates, here in Spain isn't that great... as a matter of fact, they are slowly going down, and I expect a lot bigger drop next year...
Here in Belgium, the housing market rose 6 % this year? Incredible!
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