The International Monetary Fund (IMF) today boosted its forecast for global growth for both this year and next – telling folks at the World Economic Forum in Davos, Switzerland, that the world economy would zoom along at a hefty 3.9% pace for the next 24 months.
But it also warned that the next recession "may be closer than we think."
This is a big deal.
And a big opportunity.
You see, this rosier-than-ever scenario serves as a proof point for the "cheap money physics" prediction I've been making for my paid-up Private Briefing readers for two months.
The best part is, the higher-than-expected growth/higher-than-expected recession risk dovetail perfectly into our "accumulate" strategy that's given us massive gains on stocks across the board. That strategy lets us take advantage of the growth now and hold back some cash to "average down" on stocks that we like in case of a pullback.
Let's take a gander at the IMF forecast, look at how that fully supports our "cheap money physics" call on the Trump administration tax cuts, and consider some stocks that are worth zeroing in on.
About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning. With his latest project, Private Briefing, Bill takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.