Topic: How To Invest

What is Pat’s commentary for the week of September 21, 2021

Article Excerpt

Some experts say that today’s flood of government deficit spending is bound to push up interest rates, inflation or both. They say this rise is inevitable, and will have the predictable effect of dragging down the stock market. It’s easy to find historical examples that support this line of thought. Many of these same experts are also worried about the rise in prices of bitcoin and other cryptocurrencies. They believe the related rise in prices of crypto-art—NFTs (non-fungible tokens)—just compounds the risk. They figure the crypto boom will wind up like the 1990s boom in Internet start-up stocks. The 1990s Internet start-ups came crashing down in the early part of the 21st century, and dragged the broader market down as well. (Of course, 9/11 also deserves some of the blame for the market distress of those years.) More than one way of looking at it When you try to understand and successfully predict the future in the world of investment, a lot of things…