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Fundamentals
CAD GDP DATA expected Low Short USDCAD
If Oil Inventories Recover Long USDCAD Expected]
Crude Oil Inventories Data Release =>11:00 am Thursday, Eastern Time (ET)
CAD GDP DATA => 8:30 am Friday, Eastern Time (ET)
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GDP
Japan is advancing regardless pandemic environment T1 was crossed back in US session on Friday, but analysis and forecast is still same. Short can be more powerful.
I think technical analysis is simple and complete, no more focus on fundamentals. Q/Q GDP of Japan of quite positive today regardless pandemic issues.
Covid-19: EU and NA countries have the hugest death ratesLooking at how many people got infected and how many died, seems like countries that used cheap drugs to treat this cold have slowed the spread most and also have much less deaths.
Countries with really lots of deaths have went full lockdown and GDP took a huge hit, like -15% projections.
15% of GDP... could buy a WHOLE lot of drugs with this...
Right now, governments of the countries with the most authoritarian measures and the most deaths, due to slow and incompetent bureaucrats, have their approval ratings gone sky high. The bureaucrats are pretty happy about it due to their ignorance. A whole lot of average people are strongly defending their "heroes", approval ratings have gone up 5-40% (of total, not of how much they had before)
This is of course due to the population limitless ignorance, combined to hilarously low intelligence. Fear makes them more stupid also, create more herd mentality.
"Standard deviation becomes lower the larger a group gets" I just made up this quote btw. I'm certain it is true: The larger a group gets, the dumber it gets and opinions vary less! Plenty of reasons for that.
In gambling timing is everything: Filth tier MBS were absolute crap in 2005 yet the price kept going up.
The mistake made is as soon as they realized the things were absolute trash tier and overpriced they rushed in they FOMO'd like Bitcoin dogs, Michael Burry went all in and held the bag for years with his clients losing their minds. Don't get me wrong these guys are smart, maybe even genius tier (depends on the definition if above 130 then the odds are high if above 160 the prob not lol), and they are money smart, still FOMO'd like noobs the second they saw the mispricing.
So here, first GDPs are getting decimated, at that point I'm even going to go long the SEK probably even thought I kept saying it would go to zero :p. It will go to zero but europe and the usa will go to zero faster!
And then this approval spike... Won't last long. So depends when elections are. If (probably) and when the information reaches the brain, is when people will get pissed and everything. Plus they are going to understand very fast the great depression when it breaks their jaws. Pain is an understanding accelerator.
Predicting in advance, understanding what others don't is essential, but then it is necessary to know that the market and the world isn't a reflection of the truth, it moves when info reaches people brain. Something obvious for years will have no effect and then the second, literally second, the information reaches the herd brain they will rush (for the exits?) at lightspeed (why in such a hurry? The info was available and obvious for years).
People are going to be pissed at certain pharma companies possibly? People will be pissed at governments? Dumb people don't think alot but they get angry alot. Expecting rioting. Well no point speculating too much there is plenty of time. Took me a few minutes to figure it all out, so should take the herd a couple of years.
Some countries numbers:
I tried comparing countries with similar climate and similar populations or confirmed cases if possible.
Israel got 2.4 million doses of experimental coronavirus drug (chloroquine) and more:
www.jpost.com
Japan has been using an antiviral:
www.theguardian.com
Russia since march has been producing and using an anti-malaria drug (Mefloquine)
www.aa.com.tr
Europe and North America have been fighting treatments and promoting expensive patented drugs that don't work.
They have thought drugs that work for what? Protecting idiots that self medicate?
And what a surprise, they have the biggest death rates. Poor countries are doing much better than rich ones except sea ones.
Weird since french army stockpiled chloroquine "in case it does work".
Making sure they have something to offer to an invading country to help negotiate surrender.
Business owners have imported chloroquine to give to their workers and got in trouble (stupid people that self medicated have died).
There all sorts of treatments, here is something "A single treatment able to effect ~5000-fold reduction in virus at 48 h in cell culture."
www.sciencedirect.com
In france our main ID expert in the spotlight said
"We have with my team made some of the greatest virology discoveries of the XXI century"
"Scientists are not equal just like Lebron James isn't equal to amateur players" (something like that)
"I am one of the greatest experts in the world but I avoid herd meetings" (avoiding the herd like Tesla)
"Avoid at all costs consensus and political correctness"
And my favorites
"People criticizing me are children!"
"I don't care about their critics/opinions. I refuse to debate with people that have a too low level of knowledge"
A little too polite. I prefer the Dan Pena style.
And from now on I refuse to argue with the typical Bitcoin & Tesla bulls.
Warren Buffet in March said he wouldn't sell any more airline company but he dumped everything (on retail bottom chasers btw).
The perma bull white knight of the USA stock market ran for the exit, and he has the biggest cash position ever seen.
But sure don't worry, every thing will be alright.
I hope the USA will go for Stalin rather than Hitler, kill his own people rather than start a huge war and kill others. The USA are "terrified" of "the far right", and there's lots of marxists there. Excellent. BurgerLand will become a godforsaken hellhole, they'll kill each other, and the stock market will go to zero, while I'll be chilling. Don't want far right guys like Trump that threaten foreign nations and do trade wars (Trump+ does more than trade wars). Gogo democrat socialism.
Burgerland is in dire need of socialism and more antifa. Please god, please let them kill each other and ignore us and not nuke anyone.
"Buuut you are wishing ill on the usa" ... actually no I'm not going to lower myself to explain.
Ahem * clears throat *
DOWN DOWN DOWN DOWN! EVERYTHING WILL CRASH! DOWNTREND FOR YEARS! ONLY DOWN! ECONOMIES WILL NEVER RECOVER!
EVERYONE WILL LOSE MONEY EXCEPT BEARS! MASSIVE UNEMPLOYEMENT AND POVERTY! HUGE EXTREMISM! US STOCKS ARE DOOMED THEY WILL NEVER GO UP AGAIN!
DXY is exhausted momentallyThis week we might see slight pullback from the purple support zone I marked on the chart(around 99.00 and 98.80)
Those zones are buy signals and it can go to the next monthly resistance around 99.78 before thursday
In the next days we having consumer prices (news) which are mostly positive( we people always consume and also during corona times)
But i would look out on thursday because we have the jobless claims. so take your profit and go in dependant on the news.
On friday we have the GDP news from Europe which is also interesting to watch what will happen(in my opinion negative news so selling EURUSD)
From now on it only can be better, bcause countries are opening back from the lockdown in europe.
Take your risk reward and have a nice week
QQQ Getting a *Little* ExpensiveIf we completely ignore the news, the graph of QQQ seems to be recovering quite nicely. For a technical trader it's extremely optimistic. Then, if you look at any sort of news, this trading at Jan 2020 levels seems absolutely insane. Both sides have good cases, but I am going to choose to ignore each of them. The indexes are beyond unpredictable right now (see GDP -4.8%, IXIC +3%) that my options trading is pivoting towards almost exclusively to singular companies - as opposed to my typical index/ETF trades. I hate to sit on the fence here, but anyone who says they know where this is going is ignoring half the data on either side. Good luck to all!
Ominous Rising Wedge Suggests X=X 1,000 Point CollapseAccording to technical analysis theory the rising wedge points in the opposite direction to the breakout.
In this hourly chart of the coronacrash we can clearly see the rising wedge pattern formation.
This pattern also predicts that the length of the move into the wedge “X” is the same distance as the length of the break-out “X”.
Therefore X = X.
The downtrend into the wedge was a drop of 1,000 points, ergo the breakout will be a 1,000 point drop.
Caveat.
I have back-tested stock chart patterns and they are not 100% true, but in general, they are better than 60%.
That’s not saying much.
Mostly the direction will be set by the news, especially today with 2 big news items.
1. GDP Advance Announcement – Productivity in the Economy
2. GDP Spending – very important for the economy and sentiment, spending drives the economy
I expect both of these to be bad numbers, but will it be the start of the resumption of the much-needed downturn in the market?
Not necessarily.
The “Trump Pump” will be in full effect I am sure with a new announcement of stimulus designed to boost spending and therefore save the stock market.
It will be interesting to see if the technical analysis Rising Wedge is predictive in this case, or will ultimately fail because of government intervention.
I believe the monetary policy is now to encourage healthy inflation above 2% and keep interest rates at close to zero for the next decade, to ensure the debt burden is reduced over time. As Ray Dalio calls it a “Beautiful Deleveraging”.
An interesting day ahead, and be sure, the only thing that can save Trump’s re-election campaign is to ensure the stock market does not collapse, and he will do everything to save it.
Stay safe and like and follow if you want more.
Barry
$SPY : Rejected at resistance at first test$SPY opened higher than resistant but reversed and closed lower. No damage done to the intermediate term trend which remains positive and above 20 EMA.
$ES Futures are pointing to a green open about 0.8% higher. GDP number and FED minutes today can influence and whipsaw the markets today.
Total Fed Balance Sheet and GDPSince 2003 the USA's GDP has grown about ~100% (roughly)
Since 2003 the USA Federal Reserve's Total Assets on Balance Sheet has grown ~800% (Roughly)
Interesting... What are your thoughts? Does this matter in the new 'debt' economy we live in?
If people own your debt as treasury bonds / securitized debt, don't they have a bias to see you succeed long enough to pay back that debt?
Much Love
xoxo
snoop
NIO- Long-term bargain price is within the grasp. Don't miss it!Please click like and follow me if enjoy my posts! :)
Due to the whole market meltdown, NIO has retraced back to Fib 0.786 lvl early this week. However, it has since then rebounded strongly and is currently fighting the resistance lvl.
Barring the continuing worsened market condition, I believe NIO's distribution cycle is nearly over. The current bargain price is hard to pass up despite the unfavorable external environment. The prudent approach would be to determine the total amount you want to put in, then use the pyramid method to scale in slowly as the price moves down lower.
I would grab my cheap shares of NIO if the price falls inside the buy zone and set the tight stop loss if the price falls below the buy zone.
*Dow, Nasdaq100, S&P500 and S&P400 are all still below SMA 200. SPX 50SMA/200SMA crossover seems imminent.
*Futures market seems indecisive. Dow and S&P500 are up while Nasdaq is down.
*GDP final and initial claim filing figures will come out tomorrow. Both reports may have the negative impact on the stock market tomorrow.
*Manufacturing related economic indictors may have the impact on NIO so it is worth to pay attention to them as they come out.
*COVID-19 growth factor slows down for the first time since Mar.11. Yesterday's growth factor was 0.86 (Below one means the exponential growth slows down)
DYOR! Not an investment advice.
The bottom is in... ?Technically it is interesting that this recent selloff has come down to test the 2018 lows and has so far held. The level also matches with an inflection point back in 2017. Is this the bottom though?
Let's ask a different question. Is everything priced in? The stock market is a gauge of perception about the economy going forward and the accepted metric for the economy is Gross Domestic Product (GDP). Going on at least one opinion (because that's what it is) Goldman Sachs released the estimates of their economists that Q1 2020 GDP will expand 0% followed by Q2 contracting -5% because of the economic drawdown from Coronavirus. These will be followed by a rebounds in the 3rd and 4th Quarter to bring the year's GDP growth to just 1%. Estimating growth at all is a rather bullish outlook when you consider it.
Let's just go with Goldman's estimates for what this next quarter will do to the economy. The prior years' GDP growths of 2018 and 2019 were 2.86% and 2.3% respectively. So with a sudden 5% contraction we can roughly say that the US economy is puking up 2 years of economic growth. That would theoretically put us back at a valuation from 2 years ago where the SPCFD:SPX was trading around 2750; a 9.6% difference from as of writing. Somewhere in the range of unknowns it is possible that the losses the economy will actually sustain are now priced in at up to 10% below the theoretical fallout.
A trader has to make a bet and so long as any new shocks do not enter the market I think we've seen the end of the selloff and now it is a matter of returning to the mean.
I've had a few spirited debates with highly intelligent people that seem convinced that "this is it" and all the Fed's money printer going 'brrrrrrrr' is coming home to roost. I'm just don't think "this is it." What we have here is a unique and critically impacting Black Swan event but nothing fundamentally about the monetary system or real world assets has been put in jeopardy. A pandemic, while dangerous, is not particularly deadly among most demographic and does not impact financial system liquidity. Businesses may lay off workers due to reduced economic activity but the buildings are still standing and inventoried goods will eventually be sold. In fact this unique mass hysteria has actually caused a great deal of excess consumption as people stock up for "the apocalypse that is nigh."
So stay well, wash your hands, make sure to design at home workouts to stay fit, and trade while keeping your head!
Potential growth of USDTRY as waging war agains Syria1. Wait for breaking parallel channel or resistance line then take long
2. Wait till lower band of parallel channel and then take long
Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU countries.Turkey did it and refugees had faced a very bad conflict with police of Bulgaria and Greece (EU Gate). Turkey is drowning as more than 45% of GDP made by external loan from international institution like IMF as an example. How could a country be independent while it has 433 Billion USD external load more than 45% of GDP!? President of Turkey Erdugan said we would not get any dollar from IMF as it would violate our foreign independence. After some months it appears Erdugan could not resist foreign pressure and wage war. If both sides of conflict could not reach an agreement that would be death and destruction. Erdugan could not rescue Turkey economy by doing this and corona virus could damage tourism earning so much so bye bye Lira! bye bye foreign real estate investors!
USA will use Turkey like a tissue and then throw it away.
History will repeat itself.
GBPUSD: Market Outlook, Plan and Probabilities Future Price MoveU.K.’s first GDP reading, which is expected at 0.0% after a 0.4% reading in Q3 2019.
If weak expectations then we could see GBP/USD drop below its 1.2875 weekly lows (weekly pivot s1 level) and maybe even make a run for the lower s2 or beyond. This is still possible given Cable’s daily ATR and its move so far today.
If today’s data dump allows the BOE to avoid the dove camp for a while longer, then Cable could revisit its 1.2970 broken support before submitting to other economic catalysts.
Speaking of, Fed’s Powell will talk economy in D.C. during the U.S. session. He will likely repeat the Fed’s growth optimism and concerns over low inflation but traders will also want to hear about the impact of Coronavirus and maybe his reaction to Trump’s latest calls for lower interest rates.
The impasse of monetary policy and the future crisis We have repeatedly noted in our reviews that the historical highs of the US stock market is direct merit of the ultra-soft monetary policy of the Fed. The Central Bank poured money into the US financial market, however, everything that it could achieve was the formation of a record-high bubble in the stock market.
So we emphasize the scale of what is happening. The total assets of the three major central banks of the world (Fed, ECB and Bank of Japan) in 2019 reached $ 14.5 trillion, which is 3.5 (!) much more than before the crisis in 2007-2009 (that time assets amounted $ 4 trillion).
The fact of growth by 3.5 times is already alarming. In theory, $ 10 trillion should have been aimed at ensuring the growth of the economies of the USA, EU and Japan. But here we have a very serious discrepancy: the GDP of these countries over the same period grew by $ 5.3 trillion. That is, $ 4.7 trillion did not go to the real sector.
The question is, where did the $ 4.7 trillion go? The answer is generally obvious - they went to the formation of price bubbles in different markets, mainly in the stock market and corporate debt market.
Any attempt to increase the injection of money will lead to further inflation of price bubbles. But what is the Fed doing? Instead of gradually reducing its balance sheet and pumping out "excess" money from the financial markets, in the fall of 2019 the Fed sharply increased its balance and plan to start 2020 with a huge injection of money. At the same time, the ECB continues quantitative easing policy (the Bank of Japan is doing the same).
That is, they persistently continue to do what does not work. Obviously, this cannot go on forever. They will have to abandon the flawed plan. This will lead to a sharp drop in demand in the stock market (extra money will go away) and, as a result, a sharp drop in prices.
Another important point characterizing the inefficiency of current monetary policies is the extremely deplorable state of the global economy. The forecast for its growth rate in 2019 is 3%. This is much lower than the 40-year average and quite close to the border of 2.5%, which is traditionally associated with the recession phase in the global economy.
At the same time, the US economy forecasts growth for 2020 in the region of 2%, the Eurozone and Japan - less than 1%. And this very clearly shows that the tactic of pouring money into the economy does not work.
So the prerequisites for a full-fledged crisis have formed: bubbles in the financial markets, an extremely weak real economy and an ineffective monetary policy, which also has completely exhausted its anti-crisis and stimulating potential. Let us multiply by growing populism, protectionism and a general crisis in the political system of almost any country and we have an extremely explosive mixture. That is, any serious shock and a house of cards will sprinkle.
Recall, we consider 2019 the last year of unjustified growth in the US stock market. Already in 2020, it will begin to adjust. The scale of correction is from 50% and higher. Given that in recent years, shares of technology companies in the US stock market have grown by an average of 7-8 times (and some issuers have shown growth of 10 or even 20 times), the US stock market will no doubt become the object of massive sales. We recommend participating in this process, selling both the market as a whole (Nasdaq index) and the shares of individual issuers (Apple, Microsoft, Alphabet, Oracle, etc.).
NZD/USD Outrageously OverBought NZD's newfound strength is artificial for the most part. Let's analyze: New Zealand's GDP report showed to be better than expected, but let's put that into perspective. In Q2, their GDP was revised down and you want to convince me that this 0.7% quarter growth is significant. The yearly GDP growth is still on a convincing downtrend. Many Banks still have the RBNZ down as giving a rate cut at the start of the year. Inflation is not where they want it to be. Yes, the trade war is making progress which is a natural provider of currency strength to the NZD. However, this is not enough substance to justify the strength of the current bull run. The ridiculousness is showcased in the RSI(14) which is showing 2-year highs. Expecting a sharp decline at the start of the trading week.
Disclaimer: I am not your financial advisor.
DayTrade: Retracement on the GBPUSDFX:GBPUSD
After pushing lower, Price is finding some support on the 200EMA and if it cant breakthrough, with divergence setting up on the MACD as well as the squeeze, we might be looking at a quick retracement into the 1.3070-1.3090 where a Downtrend line is set up. of course, this is an against the trend trade so trade with caution. Also, the GBP and the USD will be waiting for the GDP releases today which can cause volatility as well as making this trade void.
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Last week results & immediate plansThe markets finally went out of “hibernation” so we could observe fluctuation not by 40-50 pips, but by 100+ (well, or 400, as is the case with the pound on Friday).
Last week began with Trump's tweet about the successful completion of the first phase of negotiations with China. Recall, on December 15, the United States threatened to introduce additional tariffs on goods from China in the amount of $ 160 billion, which kept the markets in suspense. According to Fox Business, Washington and Beijing completed the "first phase" of the trade transaction, but its terms may not be publicized at all.
Formally, this is an occasion for optimism and the start of sales in safe-haven assets. Nevertheless, we consider the current equilibrium to be extremely fragile and continue to look for points to buy yen and gold on the intraday basis.
Then there was a meeting of the Fed, which showed that the US Central Bank is serious about holding a pause in monetary policy - everything suits US Central Bank in the current state of affairs in the economy.
But at the same time, the Fed will continue to flood financial markets with money through the Repo system. The Fed’s balance sheet reduction was replaced by a sharp expansion: according to the Fed, it plans to infuse $ 500 billion. If this happens, then by mid-January the Fed’s balance will increase its balance by 10% in just a month. As a result, the balance will exceed $ 4.5 trillion and reach new record levels. Honestly speaking, instead of gradually removing this money from the system, the Fed continues to increase its amount. In the end, it will end badly.
For the dollar, this, in our opinion, is a kind of sentence. Classic demand-supply chart: with a sharp increase in supply, the price should decline. So this week and for the foreseeable future, we will sell the dollar across the entire spectrum of the foreign exchange market.
The first ECB meeting chaired by Christine Lagarde ended with nothing - the monetary policy parameters did not change. But the new head of the ECB made it clear that it was time for the Central Bank to change its strategy of action and promised to present its vision by the beginning of 2020.
The main event of the week was the victory of the conservatives in the parliamentary elections in the UK. Many have already called this a kind of second Brexit referendum since voting for Johnson is a vote for his plan to leave the EU by January 31st. The pound on this occasion rose sharply on Friday, reaching 1.35. After that, we perceive some correction as an excellent chance for its cheaper purchases. Indeed, by and large 1.35 - this is not the limit of growth and the pound could well grow to the area of 1.40 and even higher.
As for the interesting perspective positions USDRUB purchasing (this will become a kind of hedge for other positions on the sale of the dollar against the euro, pound, Japanese yen and other base currencies).
In general, the week ahead is quite eventful: the announcement of the results of the Banks of England and Japan, GDP of the USA and Great Britain and so on. This means that it makes sense to start trading after a rather long period of hibernation in the foreign exchange market.
OPEC meeting, Bank of Canada decision and Eurozone GDPWe start with macroeconomic statistics, it is worth noting the extremely weak employment rate from ADP: +67 thousand jobs with a forecast of +135 thousand. So, buyers of the dollar should at least focus, because if similar statistics come out on Friday on the NFP, the dollar may well be sold out.
Statistics on business activity in the Eurozone came out surprisingly good, which intensified the talks that the European economy was beginning to recover.
The pound also got its reason for growth, as the UK business activity index also exceeded forecasts. Although we note that it was still below 50. It is rather symptomatic that the pound continues to grow without waiting for the election results. The markets decided that Brexit’s fate is predetermined (there will be no way out without a deal), but the pound is still very cheap, you need to buy it before it’s too late. We have long been bulls as for pound, so nothing surprising happens to us. We only note that a daily close above 1.30 is a strong bullish signal. And the pound may grow more than one hundred pips. So we are looking for points for his purchases.
The Bank of Canada did not change the rate yesterday but was quite optimistic in its comments, which contributed to the growth of the Canadian dollar. So those readers who were following our recommendations could put in their piggy bank a good profit.
Despite the extremely frightening information at the beginning of the week, the negotiation process between the US and China continues. And according to its participants, by December 15, the first phase should be completed.
As for today the macroeconomic statistics, the news of the day will be the publication of Eurozone GDP. The fact may likely be higher than forecasts. This means that the euro may well strengthen up to 1.1160 paired with the dollar.
Well, the main event of the week, at least for the oil market, will be the beginning of the OPEC meeting in Vienna. The most likely scenario is an attempt to leave everything as it is. That is, they will adhere to the current line of behaviour (an agreement to reduce production by 1.2 million b / d). For oil, this decision, by and large, does not change anything in terms of fundamental alignment. But any agreements to increase the limits will play into the hands of buyers and vice versa. Refusal of the deal in any form will be a strong hit to oil and activates its sellers.
Good news from US, dollar & new threatsA lot of macroeconomic statistics was published yesterday, however, it did not lead to significant movements. GDP was revised upwards 2.1% instead of preliminary 1.9%, and durable goods orders exceeded the most optimistic expectations (+ 0.6% m / m instead of -0.9% m / m). Well, the number of people receiving unemployment benefits in the United States so generally reached the lowest level since 1973.
However, people were not in a hurry to buy a dollar in the foreign exchange market. Even against the backdrop of news that another progress has been made in the negotiation process between the US and China: Trump said that phase 1 of the trade transaction is close to its completion.
The lack of reaction to such a clear fundamental positive, in our opinion, is very symptomatic. Accordingly, we are not going to revise our recommendation to “sell the dollar”. On the contrary, thanks to yesterday's data, sale for the dollar against the euro and the Japanese yen became simply excellent as well as Gold. So yesterday's dollar appreciation is an opportunity, not a threat.
We continue to monitor analysts predicting an imminent crisis. We are not even interested in the time frame as much as the reasons. So far, our collection has the collapse of the CLO market, the growth of staff salaries and the fall in corporate profits because of this, huge debts both at the state and corporate levels, the collapse of price bubbles in the stock and bond markets, trade wars, and growing inequality in world, the end of the business cycle.
So today in our piggy bank replenishment: a crisis in the banking system of China. According to the Bank of China, more than half of Chinese banks may collapse if the economic situation in the country worsens further. And this is tens of trillions of dollars. For reference: the size of China's banking system is about $ 40 trillion, which is two times bibber than the US banking system. That is the problem.
So we find another confirmation of our basic investment strategy: to shorten the US stock market while buying safe-haven assets (gold and Japanese yen).
Well, in conclusion, we note that the spring is now compressed to its limit (for example, the volatility of the euro has reached a historic low).
An extremely easy but super efficient investing ruleIt's actually disgusting that it would be so easy...
Countries approaching socialism: Sell & Let them starve.
Countries abandonning socialism: Buy & Hold.
It's barely more complicated than this.
Most African countries have been living in absolute misery probably because after the soviet union stopped sending them free stuff, the european union and americans have been taking pity on them and throwing free stuff at them. To feel good about themselves. All this has accomplished is enabling awful (even much worse than the soviet union's) anti business anti ownership regulations, the people need to be pushed to the limit and have nothing to lose and nothing to hope for to make a change, all these "helpful" organisations sending food clothes medicines, all these altruist doctors, they are responsible for misery in Africa.
If they think they are going to heaven for their "good actions" boy do I have bad news for them (:
With the US stock market in a bubble and nearing explosion I'd say it's not the time to invest right now.
The whole world will feel the shockwave.
Some GDP growths:
I've been looking a bit at Rwanda but just to get a better idea, to be able to more easilly recognize when this happens ELSEWHERE, I will not invest in a country of murderers.
While the herd is getting all excited by big US names and new techs (dot coms, crypto...) AFTER the gains have been made, anyone will a brain bigger than a walnut should look for everything that is undervalued, it should be a habit. I am a speculator not an investor but I figured this is how you do it. I am not saying there is no speculating, actually investing in some 3rd world unstable countries you better be prepared to lose then totality of your investment, but it can also go way up.
Imagine this: some complete ruin of a country, worth zero, simply mentionning its name and investment in the same sentence makes your average person laugh.
The harder they laugh the bigger the potential. "The people" are ALWAYS wrong just do the exact opposite.
Also, if the population of the USA gets butthurt and jealous enough they WILL vote socialist I can guarentee 100% it will happen if they get salty enough.
Just like Donald Trump could win the election in 2016.
And when that happens, all the world economies relying on free innovations coming from "evil capitalist" US will crash. Forget GDP growth. Plus there's the climate religious freaks that want to conquer the world.
Also europe free ride on the back of the US military will probably be over. They're going to have to spend their own money.
Having ideals is cute when you have a large nation doing all the work for you, or when you have huge Oil exports and literal unironic millions of slaves.
But when reality knocks at the door, it wields a baseball bat.
Always remember: During the white revolution Iran experienced double digit growth.