We're All Speculators Now!

We're All Speculators Now!
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Authored by Charles Hugh Smith via OfTwoMinds blog,

When the herd thunders off the cliff, most participants are trapped in the stampede...

One of the most perverse consequences of the central banks "saving the world" (i.e. saving banks and the super-wealthy) is the destruction of low-risk investments: we're all speculators now, whether we know it or acknowledge it.

The problem is very few of us have the expertise and experience to be successful ....

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