/biz/ - Business & Finance

>>22141275
Correction from what? Price movement is driven by institutions, not normies on Robinhood. Large price movements represent a change in the sentiment about the future of the economy. Do you think anyone that is paid to make these decisions and isn't running a corporate PR campaign actually thinks that there is anything positive in the future? The USA is in a debt trap and is stuck with permanent ZIRP and negative real yields on its bonds while pursuing aggressive inflation. This can't change as long as the USD is still currency. Real estate is in a bubble that never actually popped in 2008. Stocks are in a bubble that will continue to grow until it pops and annihilates almost every pension and retirement account.

Who are they going to look to for leadership? China? Its currently falling apart with bank runs, acts of industrial sabotage, mass flooding, limits on consumer spending, food rationing, forcing orchards to plant rice, and a new national campaign to crack down on 'food and water waste'. The myth of their 'internal middle class economy' was just that; a myth. Turn to the Euros? Sure they've been stock piling gold throughout the Eurozone since the 1970s and would love to get out from under the USD, but they don't have the economic weight to carry the world. There is no sunny future on the horizon. Any price drops in PMs are shorts at this point.