One of the big headwinds for Trump is the bond market and rising
interest rates. Financial advisor Catherine Austin Fitts contends, “The
long term bull market in bonds is at an end, and rates are going to
rise and continue to rise as they should. Savers, pension funds and
insurance companies are not getting a return on their capital. To me,
this is a welcome. If you are holding a big bond portfolio, they are
going to be down, but interest rates are going to rise and the party is
over. We have a President who understands the cost of capital and is
screaming that it is no longer zero. To a certain extent, you are
watching all of Washington blame Trump for the end of the debt birth
model. It’s not his fault. He’s just trying to get the culture to
switch to reflect something to where the future is going.”
Fitts,
who has managed hundreds of billions of dollars of assets as Assistant
Secretary of Housing in the Bush Administration (41), says the stock
market could blow up to a “Dow of 30,000 or crash down to 10,000.”
Fitts tells all her clients to hedge for any scenario and “hold a core
position in gold.”
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