Talk Digital Network, Released on 1/1/20
Everything is coming up roses for Donald Trump, impeachment is a major non-event. Yet there are still things that can bring him down. A stock market collapse, a credit collapse or a geo-political event that kills the economy. Junk bonds are now booming, a late cycle event that is a portent of things to come. Another even more important development in the credit market is the total prostitution of the rating agencies, just like the early 2000’s. As the saying goes, We’ve learned nothing and forgotten nothing.
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.