Kerry Lutz, Financial Survival Network, Released on 3/6/17
By all rights the stock market advance should have come to its rightful conclusion. We’re drowning in a sea of debt, both the debt we’ve acknowledged and the debt that we’ll have to acknowledge when it comes due in the form of unfunded entitlements. It’s just a matter of time. It looks like Trumphoria could be running out of steam. The only hope for the stock markets is if the Fed jumps in and starts buying stocks and at this point John believes anything is possible. Or perhaps a touch of hyperinflation, which has always sent the markets higher.
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.