"Here we are 11 years into an economic expansion and we're still using tools as if we're in the depths of the global financial crisis," he said on the investing-focused "." "That's because the banks are fragile and there's too much debt in the system."
Today, he's seeing this same scenario play out in Japan and Europe. Both countries' central banks have slashed rates and implemented stimulus programs. He continued: "The fallacy of that logic is if interest rates are falling, that means future growth is going to be lower, future profits will be lower. You should actually pay a lower multiple. But nobody thinks like that."
Do you think that the market crash is this year?
Sbartiro The question is when.
Bubbles go higher than anyone expects and crash just as hard.
Nobody cooks the books like Don the Con! The next poor bastard that takes over is going to have a real mess on their hands.
Trump's bubble! He has conned investors that we can only prosper under his rule. And the unlimited checkbook of the Treasury. Con artist mastery.
Good servicenow
peggymel2001 Wouldn’t it be nice to see all those silver tails lining up for the dole. The crash is coming!
Row!!!!
Because the CRASH IS INETABLE. END OF CICZlE When you have PHD YOU KNOW!!!!!!!!
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »