A big stock market crash is coming. Probably in the Spring. Maybe even this year.
My initial thought when the stock market rebounded on November 9th was that the Fed had gone crazy pumping it up. I still think that's the case. I think that Yellen figured that if she was going to be fired, she may as well make all of her friends happy by pumping things up as much as possible before she left.
But then Trump said that he would let Yellen finish her term - which expires in 2018, so she slowed the crazy pumping down and allowed the markets to rise at a more believable rate. She may even figure that Trump will play along and turn the Fed over to someone like her when she departs. *I* think he might do that, so why shouldn't she? So, as far as the stock market is concerned, it's business as usual.
As this Fed activity continues, whatever value people associate with the dollar erodes. I don't think it will ever stop. No, that's not right. I'm CERTAIN it won't stop - until, at SOME point, people realize that they're screwed and flee from it. I'd like that to happen sooner rather than later; it would be better for people. However, I have no guess when folks will finally say that they've had enough. When money ceases to facilitate a certain quality of life, it is no longer useful.
Have you noticed that things are getting worse EVERYWHERE? The whole world. Look for that to continue, and blame the fiat currencies. Things do not go well for the general population when they are led by criminal enterprises, but that's what fiat money is all about: Facilitating the debasement of currencies and funneling value into the pockets of the thugs in charge.
I hope things work out for you and your retirement is feasible before too long. My intended date is March, 2018.
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