All the Data Points to Recession Right Now
A. Gary Shilling has a history of calling recessions before they happen. This award-winning economist and financial sector insider has historically pinpointed recessions during times when everyone else was sure the party would go on forever.
And now, Shilling is calling the current recession as having already arrived. And once again, no one cares as long as the trough is filled with slop for the pigs to feed upon.
No Sense of Urgency Until It’s Already Too Late
The problem is that once again, as usual, the average 401k holder and IRA investor is usually too busy to do anything more than catch a few segments from MSNBC, CNN, or Fox News, which will all usually point to how great the economy is doing, how high the stock market continues to go in the face of negative economic news, and what Donald Trump is up to.
With the recent decision of worldwide central banks to all issue mandates to further lower interest rates lockstep and in tandem, it would appear the central bankers have all agreed that there is no exit from the easy-money policies that inflated the current stock market bubble during one of the weakest economic recoveries in history.
Indeed, all the low volume of the stock market indicates this is all mainly due to the Dow Jones and its cohorts of being the investment of last resort. The Federal Reserve has been buying bonds, keeping yields low, keeping interest rates extremely low, and traditional American savers can either opt to put their money in the bank and lose money against inflation, or speculate on the most overpriced stocks the world has ever known.
No surprise also then, that the price of gold has shot up recently, and is poised to resume another bull run. Don’t miss out on this one, it’s going sky-high.
Save Your IRA or 401k from a Coming Recession with a Gold IRA
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