Technical Analysis

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

Some people argue we are already treating the federal budget as if it were a sovereign wealth fund.

The Constitution requires a Constitutional Amendment be ratified by 2/3rds of the states to authorize a source of the funds for such a change.

Norway is good with its wealth. Saudi not so much. How many third-rate sport leagues and luxury hotels does the US need?

This farcical suggestion presents so many opportunities to spoof our current situation.

It was tough choice, but I pass. I get on the "do not publish that comment" list too frequently as it is.

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

The POINT is market manipulation. It can speculate on any asset including crypto. It can punish the companies which the administration do not like. It can favor the the firms presidents like. All of which can destroy value and wealth my opinion. If investors stop trusting the market, markets will stop functioning. I think the implications are huge.

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

Yes Vinod, I completely agree that it can turn into a cudgel that beats the market to its bidding.  That would be  even worse than insider trading  by government officials that happens today. 

The POINT is market manipulation. It can speculate on any asset including crypto. It can punish the companies which the administration do not like. It can favor the the firms presidents like. All of which can destroy value and wealth my opinion. If investors stop trusting the market, markets will stop functioning. I think the implications are huge.

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

To have a Sovereign Wealth fund, you need to have some source for accumulating wealth.

Right now, all the US has is a sovereign debt ... growing faster than the debt service ... and faster than the rate of inflation ... and unlike Norway and Saudi Arabia, we are not developing our energy resources at the same rates.

The last thing the US needs right now is to have to have to cover investments we backed by cryptos and printing more USDs to cover a crypto crash we precipitated. 

Yes Vinod, I completely agree that it can turn into a cudgel that beats the market to its bidding.  That would be  even worse than insider trading  by government officials that happens today. 

The POINT is market manipulation. It can speculate on any asset including crypto. It can punish the companies which the administration do not like. It can favor the the firms presidents like. All of which can destroy value and wealth my opinion. If investors stop trusting the market, markets will stop functioning. I think the implications are huge.

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?  

Agree with you Barry.

I will add this much.

US has wealth, more than any other nation. it is all in the private sector. it has a beautiful wealth management system which attracts surplus from everywhere , promote innovation, reward innovators and makes investors wealthy. when the government gets involved the powerful gets wealthy and only the wealthy  get power, just like in the oil sheikhdoms. will it make everyone else poor like Bedouins of Kuwait and Saudi Arabia. My fear is, it could.

To have a Sovereign Wealth fund, you need to have some source for accumulating wealth.

Right now, all the US has is a sovereign debt ... growing faster than the debt service ... and faster than the rate of inflation ... and unlike Norway and Saudi Arabia, we are not developing our energy resources at the same rates.

The last thing the US needs right now is to have to have to cover investments we backed by cryptos and printing more USDs to cover a crypto crash we precipitated. 

Yes Vinod, I completely agree that it can turn into a cudgel that beats the market to its bidding.  That would be  even worse than insider trading  by government officials that happens today. 

The POINT is market manipulation. It can speculate on any asset including crypto. It can punish the companies which the administration do not like. It can favor the the firms presidents like. All of which can destroy value and wealth my opinion. If investors stop trusting the market, markets will stop functioning. I think the implications are huge.

This is a great question!   Where will the money come from ?  In my view, we have  massive debt that we should attend to and we don't have government owned resources that are printing money like oil.  What is the point?  

what does the rational discerning members of this group think about the plan for setting up a sovereign wealth fund by us government. please try to be apolitical(i know it is hard). unlike the oil rich middle-eastern nations or counties like china which runs huge trade surplus, us does not have much wealth to manage. us government does not seem to have any wealth but debt. how does it affect the economy in general and what is its impact on our portfolios?