I believe we are in the Great Depression and we will see stocks crash and gold rise. As argued by Eichengreen (1996) the
devaluation of the dollar against gold in 1934 were a major impetus for
the recovery from the Great Depression.
I have compiled some macro data below and it's pretty obvious we are in the Great Depression. The only thing that's not correlated is "deflation". If the Fed weren't here to print money, then all boxes would have been ticked.
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