Pensions are in serious trouble even as stock prices have soared, but what happens when the market inevitably crashes? Here’s Mish Shedlock’s take…
Jason Burack of Wall St for Main St interviewed top economics blogger at Mish Talk Global Economic Trend Analysis https://moneymaven.io/mishtalk, Mike “Mish” Shedlock.
Mish is also an Investment Advisor Representative (IAR) at
Sitka Pacific Capital Management.
During this 35+ minute interview, Jason asks Mish what he thinks are the most important things going on in the global economy that people should pay attention to for the rest of 2018?
Mish highlights how emerging markets are starting to break down because of a stronger US Dollar and rate hikes in the US.
Mish’s new blog article on rapidly increasing individual US state pension funds: https://moneymaven.io/mishtalk/econom…
Mish admits that he’s been surprised how long credit bubbles and asset bubbles have gone on since central banks started QE.
Jason and Mish also talk about how asset price inflation instead of consumer price inflation has been more evident since the 2008 financial crisis and then the subsequent bailouts and QE started by central banks.
Mish still believes that there will be some really bad deflation including a credit bust and asset prices crashing but he doesn’t know the timing and for how long it will last.
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