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How You Get Played... By Gregory Mannarino

marketreport - 2024-07-19 22:28:30

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Obviously we all want a stronger dollar. A strong dollar has more purchasing power which is a good thing. However, we also want low interest rates. Today's "buy it now pay later" society WANTS LOW INTEREST RATES. So, our politicians promise low interest rates- but they do not explain that it comes at a cost, which is a loss of purchasing power/rising inflation. Low rates are directly responsible for the increasing cost of well everything, especially real estate. Politicians are counting on you being ignorant, they say what they believe is what you want to hear, counting on the fact that 99% of the people they are preaching to have no idea of how the system works. (This is called politics).


GM