150 years ago, John D. Rockefeller founded Standard Oil, which became so dominant that at one point it controlled 90% of all U.S. oil production. That’s quite honestly, the largest legal monopoly of all time.
Firstly, the numbers out of China make no sense, compared with the footage we’re getting – there is some speculation that they’re keeping secret how bad it really is. Many peoples instinct is to ISOLATE yourself, your family, your career and your portfolio from what’s going on in Asia right now.
It seems that Trump is going to get his way. Global economic activity is slowing down, with the IMF downgrading its growth forecast for yet another calendar year.
I listened to Donald Trump’s full speech at the World Economic Forum in Davos, Switzerland. For 30 minutes he described the economic miracles, as he put it, of his administration, the American resurgence, the resumption of the enterprise system, and the market’s incredible returns.
Stocks aren’t plummeting YET, nor crashing. The reason is that war doesn’t equal a bear market, nor do the winds of Middle East woes do much, historically, to prompt a sell-off.