This text was initially revealed on July 25, 2022.
Robert Kiyosaki, the writer of “Wealthy Dad, Poor Dad,” is warning traders about the necessity to give attention to the bond market, which is far bigger than the inventory market and seeing its “largest crash since 1788.”
The View: The private finance Guru in a tweet stated the “actual downside is within the bond market,” including that he foresees a “main crash to come back.”
US Bond Market crashes. Largest bond crash since 1788. China’s RE bond market crashing. Over 90 million empty condos in China. Bond markets larger than inventory market. I’m shopping for extra gold, silver now,and ready for Bitcoin to go decrease.
— therealkiyosaki (@theRealKiyosaki) July 22, 2022
FYI. LOSERS watching inventory market. Actual downside is in bond market. Bond market 40 occasions bigger than inventory market. Please take note of bonds, not shares. Main crash to come back. Take care.
— therealkiyosaki (@theRealKiyosaki) July 22, 2022
Kiyosaki had earlier warned inflation might result in melancholy, and foreclosures are up 700% in comparison with final yr.
Why It Issues: Bond markets, traditionally, have reacted negatively to rate of interest hike information. In occasions of extreme market panic, Gold has been a life-saver as funds are diverted to the safe-haven asset. If there’s a recession within the U.S. and shares proceed to stay underneath stress within the medium time period, the yellow metallic might present some reduction.
Kiyosaki stated he’s shopping for extra Gold and Silver and is ready for Bitcoin BTC/USD costs to fall additional.
Additionally Learn: Oil Hits 1-Week Low As EU Eases Russian Sanctions, US Demand Issues Develop
Picture: Created with a picture from Gage Skidmore through Wikimedia
