OPINION – With 24-hour news and multiple new channels it seems like everybody is an expert. Let’s not forget that the vast majority of people have access to the Internet and by reading articles on a couple of websites they believe that they have figured out everything. Some people have coined a term for this – Google smart. If only things were that simple and we were all financial experts. The world would be a much better place and we would all have everything we need. But, it’s not like that.
Some say we are going to have inflation some say we are going to have deflation. If you look at the facts that they present, both options seems reasonable. Some say we are going to have raised interest rates while some say we are going to have lower rates. Once again, both claims seem logical. But, truth is NOBODY KNOWS!
If they did know would you think Janet Yellen, Barack Obama or even Bank of China would call them? Yes they would! We see hundreds of people who claim that they can predict how the economy will look like in the future, but the truth is that only a small number of them with these claims appear in the media for more than a year or two because they are usually wrong – they’ve made poor predictions.
I’m not a supreme expert. I just look at basic economic education such as; buy low and sell high. These are the principles that move every economy. Also; I look at #’s.
Here is #’s. The United States is in its third longest bull market. 10,000 baby boomers turn 65 every day. Half of the world’s countries have negative interest rates. China’s Yuan is dropping. Commodity prices have dropped significantly. These are all facts that can be easily checked.
So, based on information given my question for you is how do you feel about markets? How are you going to take advantage of it?