3 ms·
You have to factor the government into your predictions. If the Fed will never allow a massive crash then don't predict one.
by wmf 3y ago
You have to factor the government into your predictions. If the Fed will never allow a massive crash then don't predict one.
- chiefalchemist 3y agoFirst, technically The Fed is not the government. Second, you're critical of the predictions, and the reckless Fed gets a free pass on devaluing your dollars (i.e., inflation)? It might be time to zoom out and revisit priorities.
- wmf 3y agoThis is a mistake that I've made several times. (I predicted Bitcoin would go to zero!) If you disagree with a particular policy you can't let that color your predictions. Most people simply can't do this. You can refuse to invest in things that you find harmful but if the entire economy is rigged most people can't refuse to participate in it.
- chiefalchemist 3y agoRK has been wrong about timing, only because there have been unprecedented "counter measures" by The Fed. Tbose things can't continue forever. Once unprecedent stop we'll see all that crap the smoke & mirrors have been hiding.