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July 30th Might Be the Worst Financial Day of the Year
We might be living in a sentiment-driven COVID bubble.
Before you start reading, I want to state my goal for this article. My only goal is to inform on trends I’ve observed in the market and my personal observations of behaviour. My goal is not to incite fear, but rather to create an incentive for you to conduct your own research.
This article is not financial advice. I don’t want to influence any of your financial decisions. So please, don’t read this article and then make financial decisions without doing your due diligence. Use the information from this article to guide your research in the key areas that I’ll discuss.
I will be writing this article as if the audience is somewhat financially literate. I will assume you know the very basics of something like interest rates. For example, low-interest rates mean low borrowing costs. If that seemed hard, don’t worry too much. I’ve added some simple explanations, but you might need to learn on your own as well.
Before getting into the main ideas, let me describe what you can expect to read. The article will be structured as follows:
- Qualifications: Who am I? Why do I matter?
- A crash course in basic accounting and economics.
