The Golden Age Is OVER

"And so we were told this is the golden age

And gold is the reason for the wars we wage"

Many people believe that if you short stocks then you are profiting at someone else's expense. For the record I never short stocks - I use other ways of hedging mass insanity. However, my point is that if you are long stocks then you TOO are profiting at someone else's expense - the person who buys you out at a higher level. Or, if you are accumulating stocks for buy and hold then you are making someone else wealthy, likely a corporate insider or Wall Street market maker dumping their low cost shares for a profit. Either way, secondary markets are a zero sum game. Someone is ALWAYS making money at someone else's expense. Therefore if you participate in markets, you have to decide if you want to be a winner or a bagholder because money can be made on either side of the trade (long or short), just not at the same time. Those people who are counting on unrealized gains for their retirement have never been through a real bear market. Or if they have then they've forgotten that from the top in 2000 it took 13 years to make a new high and they endured TWO -50% drawdowns in the meantime. A scenario which for most investors today would be considered unthinkable, and yet long overdue.

Therefore, contrary to popular belief, what we are witnessing right now is NOT Trump arriving 15 years from the post Global Financial Crisis low and creating a new golden age of prosperity at record valuations. Hard to believe as that may sound. On the contrary, we are watching the ENDGAME of a multi-decade economic boom that is culminating with 3x levered fraud and racketering never before contemplated in history. Markets are ONLY melting up right now because global central banks are trying to avert a global recession. In the process they are over-liquidating markets in the face of global economic slowdown. The more global GDP is lowered, the higher markets are levitating.

Notice the correlation between global stocks (ex-U.S.) and the Aussie dollar (proxy for global growth), has now been broken. Central banks broke the correlation between economic growth and asset markets. There have been 168 global rate cuts in this cycle so far, which compares to 196 global rate cuts during the pandemic. And yet global growth is the lowest since 2008. Note the Aussie now versus the pandemic.

In summary, the goal in these markets is survival, by any means necessary. Knowing full well that any widely believed narrative from a new "Golden Age of Trump Casino" to "Artificial Intelligence ChatBot Utopia" - no matter how persuasive, is pure fraud. And you can rent that fantasy for a while, but you can't own it. Because the people propagating the fraud are constantly selling to retail bagholders and that makes this THEIR golden age, which comes at everyone else's expense.