Sorry right away, i know this kind of judgment is never appreciated, but being one of the stupid people i feel like i can speak for us all, and its not like this is mainstream news, its a GFY so relax!
WTF is going on in the economy? Not only in the US but all over the world,
for the first time in history we see institutions "PAY" to save money, thats your pensions money, if u dont know what i mean by institutions, its our future pensions.
Majority part of our future pension is in bond market, because stocks are volatile investment, so about 80% are in bonds and the rest in stocks. But bonds give almost zero returns since the central bank lowered the rate to ZERO, like 6 years ago, and why we dont see any panic yet is because the stocks part have been rising, but its at all time high and its time for the business cycle to end and yet another downturn in the economy.
But this time we are so much in debt that the central bank cant do anything, like lower the rates, because they are already at zero. Its a huge depression in front of us and no one gives a fuck or even know about it.
You gotta love when u see 5 million Chinese brokerage accounts opened only in march for speculation in the stock market, and housewife's betting on stocks like its a casino.
We are on the heights of the bubble, hold on to something its gonna be a wild ride u never seen before. And its coming fast! And thats why we are stupid