A wise man once said that if you need to take viagra to have sex, you need to know you have a low libido.
And if you need to pop a second pill, you need to know you’re dead.
That’s how I feel about the global economy at the moment.
We’ve been in a significant downturn lately, with all the flashing lights indicating that we’re heading for even more.
Look around: Germany’s headed toward a recession. Italy’s already there. The retail and financial sectors have been underperforming for months. Home construction peaked two years ago. RV sales have come crashing down. And we’re at a critical point in the stock markets, created by falling bond yields, a weak economy.
We’re in the dead zone, with massive government stimulus and still more planned. Trump is already talking about payroll tax cuts. That’s the one thing they haven’t done yet.
Something’s got to give. We’ll either break out of this to the past highs of July, or plummet down to the lows of early June.
I’m afraid to hold my breath.
No matter how much we stimulate the economy it’s just going to get weaker, says Harry Dent. Watch now to get his recap on the week’s financial news & why he thinks we’re at a critical point in markets. Check out Harry’s latest bestseller, Dark Window, here: https://pro.dentresearch.com/m/1142369
Posted by Economy and Markets on Friday, August 30, 2019