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And, it's not even close to being over.

Bulk baby boomers were born in 1957. Which means they won't face the RMD in their IRA's or 401Ks for another 10 years. When you couple that with DOL fiduciary rule last year (which means that if you are an RIA you could now be held personally liable if you select a fund that 1. overcharges and 2. underperforms) means there is absolutely no due diligence/ serious financial scrutiny taking place in the U.S. capital market.

I haven't even gotten to the central banks. Check out the Swiss National Bank's latest 13F filing - at the end of March. http://ift.tt/2rwVsrJ
And, remember, they can create that money out of thin air.

For an anecdotal take on all of this. Here's some Guy at Grant's Fall Presentation. http://ift.tt/2oJyuJ0

Michael Green did some interviews on Real Vision detailing his disapproval as well. This is the best I could find in the free domain space. http://ift.tt/2rwuBfr

In short. This is a massive beautiful bubble where the only algorithmic investment decision is based on - did I get cash? Therefore I buy.



Submitted June 15, 2017 at 09:36PM by cheeseysynapse http://ift.tt/2sgL8Rv

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