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Is there a financial bubble close by?
May 30, 2018 @ 7:00 pm - 7:55 pm
Trump supporter booed and heckled at college graduation ceremony. She wasn’t even saying anything! She was just respectfully clapping for the commencement speaker… Nancy Pelosi! Ah, civility is lost on bullies.
Is there a financial bubble close by? David Fischer with Landmark Capital fills us in and offers a few predictions.
Italy is considering getting out of the Euro.
Our Congressional model is setup for 2-4 year gratification. Our electeds have ZERO incentive to fix this debt problem because it can’t be done in 4 years. This is a long-term problem that will require a long-term solution.
Gold has quadrupled since 2001 because of the elephant in the room… our government debt.
The next 2007-type bubble burst is going to be worse than 2007 was. David thinks it’s going to happen in 2020.
Debt is growing 36% faster than the economy, which makes it impossible to pay down without a serious economic boom.
Treasuries are the largest bond market in the world.
Diversifying across different stocks is not true diversity. You also need to be in different assets: real estate, cash, gold. Don’t keep all your assets in one bucket!
Don’t wait to diversity. 2 years too early is better than 2 days too late.