Thanks, nice story.

I wonder, "Jerome Powell says he thinks inflation is going to remain low." Does he believe it? Is he talking down expectations? Will, he act to keep inflation low? If he is still at the head of the Fed for the next few years, he could make it so. Is he saying that if inflation starts looking like a more long term thing he will raise rates ( and stop the easing) to control it? Isn't that one of the Fed's mandates? How high will he let inflation rise in order to keep unemployment under control?

You asked if I am bullish or bearish. I am not a bull or a bear, I am a chicken. I am full on scared. Four times now I have gone risk off before a recession, risk on during the recession and because of that I am comfortable. This last time I failed to go risk on during the recession and so I missed the opportunity to make a whole lot of money. I am not beating myself up too bad about that, it was the shortest bear market I ever witnessed. It was a unicorn of a V shaped recovery. I also don't beat myself up because I am comfortable and don't want to risk that because I get too greedy.

I am scared because there is no safe investment, not one. Cash, inflation will eat away at you. Stocks, they are due for a dive. Bonds, again inflation will eat at them but maybe TIPS or something like that would be safe. Real Estate, that has promise but how much weight to give it. It is not very liquid. I will need income. Could do income property but government rules forbidding evictions and allowing people to not pay rent are pretty scary. Gold, well yeah, got some, I change my weight in gold as it rises and falls. Crypto, not the stuff for chickens. I played a bit with it, made money on two transactions and are carrying a paper loss for my latest adventure. I can't bring myself to build a big hodl. Any coin could go to zero in a heart beat. Options, futures, currency, to me they are all for speculation because I am not sophisticated enough to create a proper hedge.