What does the GDP numbers mean for the market?
Answers
142 points
zachmckinney answered one year ago …
It means that the stimulus checks worked for one, but since the GDP came in at 1.9%, which was a bit lower than expected, the dollar fell a little but not too much as the falling oil cushioned the dollar. We may still be headed into a recession with more workers seeking jobless benefits.
Read more from zachmckinney
546 points
warren answered one year ago …
It means more inflation is coming. Rates cannot be raised, banks and financial are in desperate need of cash and it will be printed up and given to them.
You must take a protective stance and buy gold, silver or other hard assets and the shares that will beneit from them. And it must be in a strong dollar like the CDN. Like the BILLIONAIRE Jim Rogers said; Get out of the USD AT ALL COSTS!!!!!
He is rich for a reason. I think more people should head his advice.
Warren,
www.preciousmetalstockreview.com
Members Watching This Question:
warren