Kerry Lutz, Financial Survival Network, Released on 6/12/17
Nasdaq has been hitting the skids for the past two sessions. No wonder, it’s been hitting unsustainable levels, largely due to just 5-6 stocks. It has become unstable and therefore ready for a plunge. There’s so many pockets of extreme leverage that can’t have a happy ending. This time might be different, but in a really bad way. Debt is a direct threat to the market and the economy.
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.