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No solid footing beneath America’s economy
There’s never a good time for a Pandemic — but for the US Economy, it couldn’t have been worse
A popular wealth advisor was answering questions from fans and investors. Oddly, some responses began with a pause — and that hesitation spoke volumes.
I’m broke, yet listening intently. I don’t have cash for any type of investment right now. That’s not why I’m listening.
Their typical, casual confidence in replying with suggestions — often to buy or invest in whatever ultimately benefits their own portfolio — is being forgone.
“What’s good to invest in right now?” the email asks.
. . .
The question is met with an eery pause; and this isn’t the first delayed response I’ve heard in recent weeks from such individuals. These displays of hesitance seem borne of genuine concern. After all, when people who stand to benefit from selling to you are instead offering their best guess on how not to lose your money, the delusion should be over.
Not only was the economy in a similar state in both 2007 and 2019, but many indicators are far worse today — even after the bailouts we just had.