This Has Never Happened Before. The MOST Extreme Stock Market Valuations In History

Executive Summary

  • Over the last month, U.S. stock market valuations, using the most historicallyreliable measures, have become the highest they’ve ever been. Ever.
  • Based on current valuations, the next bear market in stocks may result in losses exceeding 60% from the ultimate top.
  • The next decline will be painful for most investors as every bear market tends to be but particularly problematic for folks nearing retirement and those already retired. All their retirement plans may be in jeopardy if they do not take steps to adequately protect their wealth and preserve their financial independence first and foremost!
  • There is hope for disciplined investors who understand the difference between a marathon and a sprint! For those investors, the next bear market may provide many attractive, sustainable, and sound investment opportunities at much cheaper valuations.

Continue reading “This Has Never Happened Before. The MOST Extreme Stock Market Valuations In History”

Podcast Episode 2: Solving an Insolvent Social Security

In this 2nd episode I try something a little different. Instead of talking about the market or economics, I address a political problem that needs a solution… Social Security.

Of course, there are a number of potential solutions, but I believe my proposal is the fairest and most consistent with the original intent of the Social Security Act. Take a listen and let me what you think!

Podcast: The Irony of Jamie Dimon’s Recent Comments on Bitcoin

Today, I’m trying something new. Instead of writing a commentary, I’ve recorded a podcast. This will allow you to access my perspectives while driving in your car!

Recently, Jamie Dimon called Bitcoin a fraud. While I don’t agree it’s a fraud, I do want to comment on the irony of his comments regarding cryptocurrencies as those comments pertain to the U.S. Dollar.

Take a listen and please share if you find this podcast interesting!

Quarterly Market Review: 2017.Q3

Below you’ll find a summary of 3rd quarter and year-to-date returns for a handful of market indexes covering the globe.

Stocks continued to perform extremely well in the third quarter boosting year-to-date returns well into the double-digits. The top performing assets were foreign stocks with emerging market stocks more than doubling the returns of the U.S. stock market. Broad commodities have been the poorest performer for the year so far.

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“Gold is the money of kings…but debt is the money of slaves.” U.S. National Debt Tops $20 Trillion.

 

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”

– Norm Franz, Money & Wealth in the New Millennium

“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.”

– John Adams, First Annual Address to Congress

 Executive Summary

  • U.S. national debt tops $20 trillion for first time after debt ceiling is suspended again.
  • Interest on the national debt is half a trillion dollars even with historically low interest rates.
  • The national debt is a burden on ourselves, children and grandchildren essentially enslaving future generations as we put them on the hook for our profligacy.
  • The national debt also acts like an anchor dragging on economic growth.
  • Potential solutions (good and bad) include reduced spending, higher taxes, money printing or outright default.

Continue reading ““Gold is the money of kings…but debt is the money of slaves.” U.S. National Debt Tops $20 Trillion.”