The Wealthy seem to always be the big winners during the Boom times and the Middle Class ( what is left of it) and Working Poor take most of the Bust.
Simple solution, teach people how to become “Wealthy” . This is the old Proverb " Teach a person to fish" , here is the US there is “ZERO” financial education, The closes thing I ever saw in school to financial education was how to reconciliate your checking account statement. a skill totally useless today.
Back to my simple solution, 1. the book “Riches Man in Babylon” , 2. Dave Ramsey’s “Financial Freedom” A semester on both of these books would go a long way in creating a stronger middle class and maybe even a few more wealthy people
Some volatility in the Pound, but all Yen pairs were green today, with no change in the rank order so I am not going to post it. Stocks had another pullback, still unclear if we have really seen the bottom
Friday we saw a huge day of volatility, the USD was the big loser, ending its streak of 12 up days in a row against the Yen and was the only Yen pair to be down for the week, NZD was the big winner for the week. Stocks surged again suggesting that we may indeed have seen the bottom for the year.
All yen pairs down today, US stocks mixed with DOW leading, Markets seem confused and will likely stay that way until after US elections in a couple of weeks
Nothing mixed about Friday’s close, Huge up day for Stocks, the only thing out of wack here is the risk on currencies ( AUD NZD and CAD) are not leading.
DOW was the big winner for the week, this tells us that investors are still seeking safety,
