Bringing you John Mauldin's latest article 3 Charts that scream Don't Buy Stocks.
We are living in a world where there is incredible level of disconnect between what we perceive and what is reality. And we live the moment, shortermism makes people FOMO (fear of missing out) even as they know there's high level of risks out there.
A lot of things that we are told are seemingly at odds with reality
- China's real GDP? Official fake news?
- Actual inflation is higher than official rate- who cares about cheaper TVs and computers (you don't buy that everyday)
- Actual unemployment rate- why so many Americans lived on food stamps and unemployment rate excludes those who have already given up looking for work (but still unemployed), high levels of youth unemployment in regional Australia
- Robust US economy. Really?
- Good news Central Banks e.g RBA will lower rates - yup but if so its because our local economy is doing worse than originally expected , which isn't so good news
- Blockchain and AI brings significant growth for those who embrace it- lets buy those like BRN & YOJ as they are into it - read my post last week, while not a hype its real but it takes more than meet the eye (including cost) to make it happen.
In the longer run, the disconnect will be closed as the Governments and central banks of the world can not forever keep everyone with blinkers on.
