Don't be!
Why?
Because as soon as our leaders smell bad economic times ahead, they open the spigot and pour a lot of money in the markets.
Outcome?
Lower interest rates and rising stock prices.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
2 comments:
Yes, instead of purging the excesses in this cycle I am certain the elected leaders will fight this tooth and nail. It's why economic expansions are longer and weaker since '48. We don't allow a "cleansing" to take place. Not that the markets seem to mind.
>>>as soon as our leaders smell bad economic times ahead, they open the spigot and pour a lot of money in the markets.<<<
Ahhh, the Great Expectations of getting something for free. We don't have to EARN good times; Nope, Good Times are a byproduct of Central Banks, not hard work, right?
>>>Outcome?
Lower interest rates and rising stock prices.<<<
And rising gas/energy prices. And rising food costs and everything else that has to be shipped or manufactured with gas, oil, uranium, etc...
How many more times can we open the money "spigot" before our foreign creditors start to view our currency as worthless (or worth A LOT less)? What happens to stock prices when the world no longer
wants dollars or the assets denominated in dollars ie stocks?
God Forbid we actually start saving our money and producing things in America.
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