I entered the corridors of Wall Street as a twentysomething greenhorn in the late 1990s.
I had a mentor at a big hedge fund on Lexington Avenue, who told me if you can't explain even the most complex markets with "a few graphs and a crayon," then you aren't serving your clients.
Most of our clients, many of whom made their fortunes outside of the trading pits, didn't have the time or patience to be impressed by financial "Masters of the Universe"-types spewing out fancy acronyms and bragging about the latest "arbitrage play" in some asset-backed security packaged by a Big Six bank.
Instead, clients wanted to see the big picture, the current picture, to better understand the probabilities of the future picture in common-sense clarity.
Such blunt speak appeals to instinct and sanity.
More importantly, it can mean the difference between keeping and growing your wealth in the worst of times, or losing everything.
And because every investor – not just the ultra-high net worth folks – deserves that same respect and that same actionable money-making, capital-preserving intelligence, I've gathered up some charts that show "with a few graphs and some crayon," the sheer size and full financial impact of what's about to happen here.
Make no mistake: The pros I know from my days managing money on Wall Street know this is coming.
About the Author
25-year run as a hedge fund portfolio manager, family office chief investment officer, managing director and general counsel. Internationally recognized expert in credit and equity markets as well as macro risk management.