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July 25, 2017 | Deeply Flawed Economic Models Need to Change

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Good discussion here on economic reality. One caveat: when asset managers speak of moving capital from Europe and China to US stocks and ‘more conservative’ sectors as defensive in bear markets, they mean they hope and expect that US equities will drop less than other developing market securities, ie., maybe -50% rather than -70%. Individuals must decide for themselves whether they consider that type of ‘out-performance’ worthwhile.

The Western economic system is deeply flawed with countries such as the U.S. and Britain contributing to the lowest quality economic recovery the world has ever seen, Chris Watling, chief executive of Longview Economics, told CNBC on Friday.

“The economic model is deeply flawed and the system in the west is deeply flawed, particularly in the English speaking part of the world and it needs to change,” Watling said.

“I think this is undoubtedly the lowest quality economic recovery we have seen globally… full stop,” he added.  Here is a direct video link.

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July 25th, 2017

Posted In: Juggling Dynamite

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