‘Father of Reaganomics’ says ‘get out of the market’ — bond and stock market — ‘and put your money in cash’
David Stockton is consistent with his bearish predictions.
He appeared on Neil Cavuto's show and said that the easy money policy of the Fed is going to cause a market crash. Investors should bail now and move all holdings to bonds and cash.
This is a song that Stockton sang for a number of years. So far, he was wrong. The Fed's easy money policy is now closing in on a decade yet, in spite of record debt, we are seeing the stock market close to all time highs.
Click on image to read full story.
You have to be very careful when you listen to all these so-called "experts".
You got a 51.91% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
So many variables in the financial markets, it's hard to really pinpoint much, but it is an interesting take. Thanks for sharing.
About 99.58$ has been spent to promote this content.
@steemium purchased a 40.22% vote from @promobot on this post.
*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com
Thanks for using @edensgarden!
This post has received a 30.31 % upvote from @boomerang.
Putting my residuals into silver. Creating my own bank.
Posted using Partiko Android