Let me begin this post by declaring that I am by no means a financial analyst, advisor or anything else financially related! I am simply a person who tries to follow world news and read between the lines as to what the heck is going on. In this post, I would like to share with you some of my findings relating to the current economical news projecting for 2017.
If I had one Cryptocurrency for every time I have read or watched a financial analyst (or at least a person fully qualified to analyze) warn of an upcoming economical downturn, I would not have to worry about the downturn itself.
However, I can perform a search online and find many articles from such outlets as The Balance, referencing several seemingly government agencies citing such things like the U.S. GDP is to continue through 2017 at between 2% and 3%, Unemployment will hover around 4% and that the U.S. jobs market will see an additional 20.5 million jobs between 2010 and 2020. Ironically, this outlet also has an article on a U.S. economy collapse. I guess they're covering all angles.
Then you can have a read at ihs.com where their predictions for 2017 include the U.S. economy accelerating, the U.S. dollar appreciating and the risk of an economic recession remaining low.
Even the IMF in their 2017 economic update state a positive outlook under the right circumstances. However, they do go dark for a couple paragraphs in their "Risks" section and if you have been following world news over the past year or so, you will recognize that nearly all of these risks are in full swing.
Source: Zero Hedge - FRBNY Consumer Credit Panel / Equifax
What has really caught my attention in the past year or so is the number of warnings coming out regarding an upcoming economic down turn.
One of the recent articles I read was an interview with legendary investor Jim Rogers of Rogers Holdings and Beeland Interests Inc. This is an educated (Yale and Oxford) and extremely experienced investor and financial commentator. Feel free to look up his credentials. When a person such as Jim Rogers serves a warning, it would probably be in your best interest to at least lend it a few minutes of your time to look in to.
In this particular interview with the Business Insider, Rogers stated that his investment strategies lied on what was happening in the world, not what he wanted to happen. Rogers then proceeded to predict that America's stock bubble is on track to burst late in 2017 or sometime in 2018! Rogers goes on to predict the coming economic crash to be the biggest in his lifetime. I'll have you know that Jim Rogers was born in 1942.
Source: Market Watch - New York Fed Consumer Credit Panel / Equifax
Check out this article by TIME http://time.com/money/4818790/stock-market-predictions-investors/
Here is an article written in January in ZeroHedge http://www.zerohedge.com/news/2017-01-03/what-12-financial-experts-predict-economy-2017-spoiler-alert-its-ugly
Source: http://www.marketwatch.com/story/the-dows-tumultuous-120-year-history-in-one-chart-2017-03-23
In all of this information, keeping it short, what I am trying to get at is that it is imperative for everyone, no matter what side of the aisle you are on, in this time of economic uncertainty, to back up their financial decisions with the plethora of information available. Yes, it takes a lot of time to sort through, read the articles and watch the videos, but if any of what many of the people in the know (including our own @marketreport) are saying is to come true, it will clearly be in peoples best interest to have heeded some if not all of their advice.
Let me know what your views are and provide any additional information you may see as relevant to share with everyone.
Also, please let me know what subjects you may want to be provided updates on in the future as I would like to produce short updates such as this one on similar subjects in the future.
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