March 8, 2023
It may be my cautious outlook, and certainly not professional investment advice, but I continue to see signs that the stock markets are heading for a replay of 2008.
The implosion of the Chinese property market in 2021 (remember Evergrande?) which is still unresolved. The implosion of the crypto-currency and Bitcoin worlds with the bankruptcy of FTX and inter-related platforms. The decline in ARKK, the super champion of future technologies, from $120/share to $35/share. The concerns about the financial stability of the billionaire Gautam Adani and his giant Adani Group of Companies. The possible bankruptcy of Credit Suisse, the 180 year old Swiss Banking giant.
And that consumer, corporate and government debt levels are at record levels as the Fed pushes interest rates higher in an effort to control inflationary forces.
Where to hide? My best guess is 3 month and 6 month Treasury Bills and some U.S. Gold Coins.