Nobody knows nothing!
With 24 hours news multiple new channels it seems like everybody is expert. Let’s not forget that the vast majority of people have access to the internet and by reading articles on a couple of websites they believe that they have figured out everything. Some people have coined a term for this — Google smart. If only things were that simple and we were all financial experts. The world would be a much better place and we would all have everything we need. But, it’s not like that.
Some say we are going to have inflation some say we are going to have deflation. If you look at the facts that they present, both options seems reasonable. Some say we are going to have raise interest rates while some say we are going to have lower rates. Once again, both claims seem logical. But, truth is NOBODY KNOWS!
If they did know would you think Janet Yellen, Barack Obama or even Bank of China would call them? Yes they would! We see hundreds of people who claim that they can predict how will the economy look like in the future, but the truth is that only a small number of them appear with these claims appear in the media for more than a year or two because they are usually wrong — they’ve made poor predictions.
I’m not a supreme expert. I just look at basic economic education such as; buy low and sell high. These are the principles that move every economy. Also; I look at #’s.
Here is #’s. The United States is in its 3rd longest bull market. 10,000 baby boomers turn 65 everyday. Half of the world countries have negative interest rate. China Yuan is dropping. Commodity prices have dropped significantly. Oil prices are lowest since 2009. United States has over$ 18 TRILLION dollars in debt. There are 148 million workers in United States compared to 154 million in 2000. These are all facts that can be easily checked. (www.usdebtclock.org)
So, based on information given my question for you is how do you feel about markets? Do you feel like there is a chance that great recession like 2008 can hit again? If you do would you like to be in same position as you were right before the recession? If you feel like there will be a recession how are you going to take advantage of it? Because NOBODY KNOWS WHATS GOING TO HAPPEN NEXT!!!
President/ CEO Matthews Financial & Insurance Solutions