Tuesday, January 23, 2018

How not to Play the Shutdown

So the shutdown of the US government is over and none of the things I thought might happen happened.

This is why I'm not trading the markets. Making bets based on news and price action is a loosing game.

The sad thing is that many think they can do these things, and most of them end up loosing a lot of money in the process.

In the end, only long term trends matter. It is for instance a near certainty that interest rates will go up over the next decade or so. Gold will be up relative to stocks, bonds and real estate. And fiat currencies will loose a lot of purchasing power.

What happens over the next few days, on the other hand, is impossible to predict.

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