There is no invisible-hand that’s driving the market or the economy for the greatest benefit of every people. It’s a liberal urban-legend, an old chestnut. On the other hand, there is indeed an invisible brick wall against which the American capitalism will soon crash.
This will take the form of a financial crisis, linked to crazy LBOs, a loss of confidence in interbank lending, like in 2008. It’s not old facts, but American banks haven’t learned anything. I am not astonished : Stock Market traders have less memory than goldfish.
Or a stock market crisis, like the 2000 dot-com bubble, because artificial intelligence companies have become too expensive. And also because high-frequency trading disproportionately amplifies speculative movements and spreads panic at the speed of light.
It could be also an economy-wide recession because inflation is too high, employment too low, and new tariffs are penalizing industrial production.
Not to mention the possibility of a pandemic originating in Texas and the economic disorganization it will create. The risk is real with the health policy of this administration who fires entire offices and bureaus because their acronyms sound like letters for kids soup. Their minister is the kid but don’t tell him
Which of the four crises do you prefer ? Unless we have all four at the same time! So, buy gold N-O-W : it’s still cheap, only $4400 for one once (31,1grs).