Last week, I wrote that in its quest to defeat inflation, the Federal Reserve wants to make investors like us poorer. The “wealth effect” says happy and bullish investors tend to spend more money than sad and bearish ones. So, as far as the Fed is concerned, plummeting portfolio values are a good thing. But that’s only part of the story…
Many young investors are only dimly aware of the subprime mortgage crisis and the dot-com bust. They can’t imagine a world with conditions like those. They take recent circumstances for granted. Now there’s another big shift underway … one that could be far more consequential for the economy, our politics and our pocketbooks than either of those two events. I’m talking about the collapse of globalization…
Editor of Alpha Investor
Founder, Agora
Research Analyst
Founder of Sovereign Man
Editor of Strategic Fortunes and three elite services
Early in his career, Shad cut his teeth in the world of music marketing [...]
Financial Analyst
Chief Investment Strategist of Money & Markets
Director of VIP Services