I have often explained the reasons why former Fed Chairman Alan Greenspan was the single most-destructive policy maker in U.S. history (and do in this issue’s cover story, which is linked below.)
Despite that, Greenspan did one thing right: he made sure Y2K-related computer issues would NOT be such with U.S. banks and markets. And the whole world knew it, and put their money into U.S. financial assets at an increasing pace in 1999.
A similar “recipe” of factors, as I explain, is leading to the same outcome today. Far from being contradictory, that we can see an environment where U.S. stocks (some more than others), Treasury bonds and precious metals all surge higher in tandem tells an important story about the dynamics driving investment flows right now!
As I explain in the current issue’s cover story, though, this is not as “easy” as were our real no-brainer moves of 1999.
In the complete issue (Members Only) I go into considerably more detail on various asset classes, my most recent significant new recommendations (and WHY I made them and thankfully not others I’d been discussing!) and numerous updates on company and ETF recommendations. But to a fair extent, all this is under girded by this “big picture” I discuss in “Y2K Redux — Investors Piling into all Things “Dollar”. . .and Then Some!”
You can READ/DOWNLOAD it HERE: July 10, 2016 — Y2K Redux