I. Hate. Central. Banks. Loathe them. They’ve hijacked our economy and the markets and taken away all our power to make sound investment, financial and business decisions.
Sure, you’ve got to hand it to them: they pulled us away from a depression, thanks to their trillions in stimulus. I mean, QE has had a huge impact on the economy. Two percent growth isn’t great, but it’s a hell of a lot better than a depression.
But in the process, they’ve separated the economy and markets from any fundamentals. There’s no rhyme or reason why the markets should be as high as they are, yet we are, Dow breaking 26,000.
Demographically, the economy should be slowing down — with the exception of the blip in births that recently hit on a 46-year lag, yet here we are. Companies aren’t making productive investments in their businesses. Rather, they’re buying back shares, and so prices go up.
Worst of all, there’s no precedent here. There’s nothing to look back on and say, “Well, this is what happened before, so here’s what we can expect!”
Essentially, there’s no way to make sound investment, financial, or business decisions anymore because the tools we could once use are now useless.
So, in my latest video, I talk about this and explore what kind of world we face ahead. Do demographics matter anymore? What about other fundamentals? Watch now.
Harry Dent provides a quick update on the bitcoin rally. When is this bubble finally going to burst? Hear more from Harry right here…
Posted by Economy and Markets on Tuesday, January 16, 2018
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
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