Post by captainconfident on Oct 26, 2017 14:10:26 GMT
"The credit crunch of 2008 was the natural onset of the cold winter which removes the excesses of the long prosperity which preceded it; the Fed turned the radiators on, thereby artificially prolonging the summer, and now that it, too, is ending, we are looking once again at the elemental corrective to economic excess – a destruction of savings.
It is our job to protect clients to preserve the wealth in winter, as well as to encourage its growth in summer. As always, we are less interested in when it will happen, and more interested in the shape of the difficulties if and when they arise. If our analysis is correct, there will be few hiding places, and, unlike the last twenty–five years, cash will not be safe."
It sounds like their analyst is Chance the Gardner.
It is our job to protect clients to preserve the wealth in winter, as well as to encourage its growth in summer. As always, we are less interested in when it will happen, and more interested in the shape of the difficulties if and when they arise. If our analysis is correct, there will be few hiding places, and, unlike the last twenty–five years, cash will not be safe."
It sounds like their analyst is Chance the Gardner.