Wealthion
Premiered Apr 23, 2021
Few people alive understand how Capitol Hill and Wall Street work better than former Congressman and financier David Stockman.
And he is deeply concerned that our current political, monetary and fiscal policies are setting the stage for an epic breakdown in the economy as well as the financial markets.
Risk is being grossly mispriced right now. Asset prices are being distorted into ridiculously dangerous territory by investors caught up in a flood of cheap liquidy as well as a widespread speculative mania.
Of the blizzard of warning signals that reflect this, here’s a gem — never before has the market cap many money-losing companies been valued so richly.
This, plus the gargantuan increase in deficit spending (along with its associated trillions in new debt), leads Stockman to warn that none of this is sustainable. And the farther the debt-binge and hot speculation continues before correcting, the more painful and permanent the reckoning will be
Which is why David agrees that now, more than ever, is the time to partner with a financial advisor who understands the nature of the market risks in play as well as the opportunities, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate.
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here:
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