In 2020, as the economy continues on this same trajectory of prolonging the wealth and income inequality, disgust will reach volcanic heat and erupt.
You can sense the desperation with the old guard. I’m telling you that there are winds of change everywhere I look. For the past few days I’ve been visiting Kiev, Ukraine, and young people are DISGUSTED with politics, with corruption, with the lies and distortions of the previous era.
Trump’s “Tariffs Tantrum” is doing what he intended it to do – show his force and flex his muscles. If Jerome Powell doesn’t want to understand Tweets about cutting rates, Trump attacks the markets on the back end, using the Chinese scare as an excuse.
Forget about the long-term for a moment – there are some crazy challenges on the horizon. Think only about the short-term – the next 6-12 months, between now and the 2020 elections.
Yesterday, the Federal Reserve gave the green light for investors to position in RISK assets, by announcing to the world that it will not be raising interest rates.