No one is under the assumption that the Federal Reserve will raise interest rates anytime soon. Here’s the thing – if the central bank makes even one more mistake, Trump is going to devour them; expose them out in the open.
It would have been unthinkable just 30 years ago, but foreigners do not want U.S. dollars anymore. They have simply had enough, and it looks like they have no need of additional ones, either in the short- or long-term.
Larry Fink, founder of Blackrock, the world’s largest asset manager with over $6 trillion in client funds, has just given Bloomberg an interview. In it he described the financial experiment that central banks and governments began 10 years ago as JUNK.
We’re at the mercy of central banks. That’s the bottom line message, stemming from the October – February trading period.
Just stick your money into an index fund and you’ll retire comfortably: that’s the cliché we hear from money managers and old-school investing commentators all the time. That might have been true at one time in history, but can we continue to count on the stock market to deliver us a comfortable retirement?