National debt (click on the link to review the data) represents the transfer of wealth from us to the bond holders.
We ask and the politicians give us what we want. They sell bonds to give us the money. We like it. But it is like being on drugs.
Why? Because we have to pay the interest on the bonds the government is selling.
And gradually our purchasing power decreases. But we do not realize what is happening.
One way to find out what is happening is to follow closely the ultimate barometer of our economic health --- the trend of the dollar. If it rises, we are doing OK. If the dollar declines, we are in trouble.
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, since 1977
Ranked in the Top 10 for 12, 6, and 3 months for market timing by Timer Digest
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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