On my post of 5/3/10 I told you that markets love crises. Why?
Because when there is a crisis politicians react the only way they know. They print money.
They know that the only way to solve bank crises, municipalities problems due to unfunded pension funds and budgets deficits, country defaults, .... is to throw money at the problems.
They will keep printing money until soaring equity markets will replenish the coffers of the pension funds and bankrupt countries.
Enjoy until it lasts! You know as well as I do that they are engineering the next bubble. Oh, well, we will worry about it when we get there.
Yes, you are correct. It is a big scam!
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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 subscribe to 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.
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