American Consequences - November 2018

INSIDE THIS ISSUE

I n a few short months, the longest-running bull market ever will turn 10 years old. And after the recent market volatility, we wouldn’t blame you for being skeptical on stocks. As we’ve mentioned when we talked about the Melt Up – what goes up eventually comes down. So, should you be worried? And will this running bull get pushed over the edge? Editor in Chief P.J. O’Rourke shows us that no matter who’s in office, politics and finance mix like oil and water. And he tells us what he’d do in case of complete economic collapse (run in circles and tear his hair out). He also offers up his best bad investment advice. Angel investors, take note! Financial analyst Dr. Steve Sjuggerud looks back at the last time stocks seemed too expensive to keep going up. He shows why valuations can’t kill bull markets and why you must stay long... for now. John Podhoretz digs into America’s obsession with post-apocalyptic films and reviews some of the best and worst. And contrarian journalist John Tierney explores some of the ways the world might end... and tells us which worries could blow up and which worries we should blow off. Author Geoffrey Norman reports on the pension crisis in Chicago. No surprise, a federal bailout will only make things worse.

And our man on the inside, Chief Risk Officer X , warns us of a “debt bomb” you might be overlooking in the markets. Analyst Matt Weinschenk shares a valuable lesson he learned in the last financial crisis and why it’s still relevant today. And Nouriel Roubini and Brunello Rosa delve into 10 reasons why 2020 could mark the beginning of the next financial crisis. Don’t miss Dr. Richard Smith ’s take on how having the right tools and “mental capital” can lead to market gains... even in the face of a bear market. Finally, former CIA analyst Buck Sexton tells us what the 2018 midterm results mean for President Donald Trump and the remainder of his term. Enjoy the issue. And tell us what you think at feedback@americanconsequences.com. Regards, Steven Longenecker Publisher, American Consequences

It’s true that markets love certainty of any kind, no matter what... then this confirms a suspicion I’ve had for a long time... Markets are insane.

P.J. O’Rourke

4 November 2018

Made with FlippingBook Annual report