The following is my answer to a Quora
question: “What
would you consider an unwise investment at the moment?”
With regards to asset class, at this
current moment, the most obvious would be cryptocurrencies. Bitcoin, for example, is held hostage by a
certain group with the most computing power controlling the ledger. No stablecoin can justify their peg. No cryptocurrency has a genuine secondary
market at the moment.
With regards to market, I have no faith in
the US economy. It is a house of cards. The country has outsourced its manufacturing
capacity, and is in no position to bring it back. It is overleveraged, and the only reason the
American economy has not collapsed, yet is because the US dollar is the de
facto reserve currency of the world.
With regards market sector, commodities
are volatile and will continue to fluctuate badly due to disruptions, and
slowing economic growth worldwide.
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