The bureaucrats are telling us the markets do not work. They are not telling us, however, that their emphasis on social engineering distorted the markets.
The outcome has been a collapse of the markets they distorted with easy lending and low interest rates: banking and housing.
The bank stocks (click on graph to enlarge) are still heading down after peaking two years ago. The trend of the this stock sector is clearly telling us that the bureaucrats have not made a dent in solving our credit problems.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
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