More and more people, especially from the current administration and congress, are saying they have to do something because the free market does not work.
What is bothering me is that the general public does not recognize that the problems we are facing have been carefully engineered by the government to re-distribute wealth.
Karl Marx and Engels disagreed with the great achievements of the English Industrial Revolution. They devised a new way to create a just society -- communism. History shows that their ideas and implementation created poverty and the collapse of an empire.
My point is that we have to be careful before agreeing that the free markets do not work.
The free markets work if the rules of the game and their enforcement are spelled out clearly.
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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