Mike Swanson joins the show for an update on the U.S. economy. He says that some investors think the recent 20 percent drop in the stock market was the needed “correction,” and that the economy is now healthy. But Swanson warns that we’re far from out of the woods, and he believes the real crash is yet to come, even after the temporary rally we’re seeing now. This is exactly what happened in 2000 and 2007. Finally, he cautions against being fully invested in stocks, despite the advice of some mainstream advisers.
Discussed on the show:
Mike Swanson provides investment advice at wallstreetwindow.com and is the author of The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite. He also works with the Neopolis Media Group, a group of historians, educators, authors, researchers, and free speech advocates who endeavor to provide original and engaging content, including The Ochelli Effect, and The Lone Gunman Podcast.
This episode of the Scott Horton Show is sponsored by: Kesslyn Runs, by Charles Featherstone; NoDev NoOps NoIT, by Hussein Badakhchani; The War State, by Mike Swanson; WallStreetWindow.com; Roberts and Roberts Brokerage Inc.; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; and LibertyStickers.com.