08-09-2019, 08:59 PM
Short-selling can be incredibly lucrative, but it also requires excellent timing and can cause one to lose everything easily.
The best times in the last century in which to short the stock market were the late 1920s and the middle-to-late part of the Double-Zero Decade, when the stock market lost over 50% of its valuation in a year and a half. Really, after a year and a half the loss was much the same!
We seem in for a recession because the political order is erratic while the end of a long boom impends, and because the super-rich have run out of means of bleeding more money out of the middle class. Trump is callow enough to push a speculative boom because he no more understands economics than he understands first-rate dining.
The best times in the last century in which to short the stock market were the late 1920s and the middle-to-late part of the Double-Zero Decade, when the stock market lost over 50% of its valuation in a year and a half. Really, after a year and a half the loss was much the same!
We seem in for a recession because the political order is erratic while the end of a long boom impends, and because the super-rich have run out of means of bleeding more money out of the middle class. Trump is callow enough to push a speculative boom because he no more understands economics than he understands first-rate dining.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.