Todays permitted exercise!

[Oracle]

Buy gold , Swiss francs and farmland.
Swiss francs are less likely to hyperinflate.
It’s hard to get deliveries of metal, demand is now so high,
Whilst coin is less traceable and better on CGT, it is also high spread. So bullion in vault better but we cannot rule out a recall as happened in the US in 30s.

We are headed for the mother of recessions worse than thirties.
A bubble has truly burst. Corona virus was just the pin, of a massively inflated central bank bubble. Stimulus no longer helps.

Take one small aspect: the number of cars bought on lease and the inevitable massive defaults and return of cars at half term. Most GM cars are bought only because of sub prime finance and endless years to pay. If I were a speculator I’d short the financiers of car finance.

or another: Southern Italy is close to civil unrest. They cannot lockdown and eat. Supermarkets are being raided. The banks are still on a knife edge. Italy was only ever one recession from default. EU as always useless.

Or another: The fed said today, there’s no need to make bank withdrawals. Why would they say it but for an alarming increase in withdrawals?

There are of course opportunities: So stock tips of the day

Speculation: gold miners. I’ve held poly metal since Oct
Gold has a long way to go in my view.

Risk averse: businesses hurt that shouldn’t be,
Coca Cola HBC. Coke drinking won’t change so neither will bottling, but the share price has, in the massive sell off, they have oversold. People looking for homes for money might do worse!

Don’t blame me if you lose your money, do own research etc.

As you say There are long term plays. Like the cruise industry will come back, so 80 percent drop is oversold on those with good balance sheets. Not for me. Now is not the time. As reality dawns the Indexes could go another 30 percent down yet.

I have to confess to have profited from corona expecting turmoil before that, But my motive was self preservation.

Perhaps.

I was wondering today, as I swished along on my Bianchi (like a fine race horse, they don't really need a rider) about the post Covid-19 recovery and what you thought.

One might argue that eg Carluccios was a basket case, the market won't miss a failing Italian restaurant brand and its demise is good news for surviving restaurants - every cloud has a silver lining.

And one might argue that businesses that, regrettably go bust but were sound businesses (if that isn't an oxymoron) will be snapped up post - Covid by bottom-feeders who can buy the businesses free of debt and restart on a sounder financial basis - and thrive.

On the other hand there is Venezuela - if you wreck the country then the country is wrecked. And there is also Brexit and if any form of Holy Grail trade deal is now achievable with the EC in turmoil.

I just wondered what you thought?