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Episode 196: Friday’s jobs report came out extremely strong, making up for May’s abysmal number. The S&P500 is near record highs because the US economy seems strong and it appears the Fed won’t raise interest rates because of global concerns.
But can rates really stay this low if the economy is so well off? Rates this week undercut the previous low from 2012…when the US was approaching a “fiscal cliff” and President Obama was reelected.
Negative and near zero interest rates put the value of capital at below par, suggesting that there are no other “safe” places to store money. Perhaps there aren’t, corporate profits remain feeble, global growth is at a standstill, and US social unrest (indeed, perhaps the world’s) is akin to the turmoil of 1968.
Blog post about the turbulent 1968 Presidential Cycle:
http://www.investablewealth.com/1968-presidential-market-turmoil/
Please listen to my recent appearance on The Survival Podcast where we discuss the threat of Automation and other current events:
http://www.thesurvivalpodcast.com/1823-pugliano
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10 Wealth Building Principles: https://www.wealthsteading.com/category/wealth-building-principle/
Full archives are available at: https://www.wealthsteading.com
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Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles.
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Copyright © 2016 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
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