This administration is committed to solving our problems by forcing the private sector to execute the government playbook. These are the same people, by the way, who invented Freddie and Fannie.
The economy is crashing. It is "their" fault, they say. My sense is that these policies will continue to bring a slow economy until a new Reagan or Thatcher appear on the political scene. The pendulum is swinging the wrong way, however.
The government will find the right solutions for us -- so they say. They will tell the private sector how to run their business. The problem is that they are all professors and academicians who have never run a business. They only know how to pontificate. The tragedy is that people believe them!
We will be a different country. But changes bring opportunities. The continued painful decline of the equity markets is telling that these policies are unacceptable to the free market. Other assets, however, are offering good returns.
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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