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American investors have never experienced such a profitable run...
The bull market in stocks, now in its 11th year, is officially the longest on record. Many shareholders have tripled their money since 2009. This bull market has created more U.S. millionaires than ever before. Households with a net worth exceeding $1 million have increased to 11.8 million in 2018 - that's more than the population of Greece or Portugal...
On the surface, the economy is humming, too.
The reported U.S. unemployment rate fell to 3.6%, the lowest it's been in 50 years...
The median household income is now above where it was in 2007 (and climbing), and U.S. national home prices are holding up well.
There's just one BIG problem: More than half of all this new wealth is set to vanish. It could start to happen as early as Labor Day.
And this wealth isn't just going to up and disappear on its own. It's essentially going to be taken from the American people via an unholy combination of callous greed, breathtaking stupidity, and outright malicious lies.
Yes, this is disaster by design - and there are fingerprints all over it...
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.
inflation is the key!