Episode 96: Yesterday’s Fed press conference was no surprise. The expected 4 part drama was yet again acted out for a mindless media. (See http://www.investablewealth.com/good-news-is-bad-news-sp500-drops-below-50-dma/ )
Ignore the press coverage and focus on the fact that the Fed has yet again reduced their GDP growth forecast. Their call for 2017 is a growth rate of ONLY 2.2%. Such minuscule growth is almost inconceivable after nearly a decade of injecting $13 trillion (national debt & Fed balance sheet expansion) into the economy.
In this episode we analyze a statement made by Nobel Laureate Robert Shiller to illustrate how the Elite’s solutions always become your problems.
Ask yourself how long the stock market can remain at record highs with unsustainable money laundering producing a long term growth rate of only 2.2%.
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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
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