Wild Cards: Terror, Debt & Politics
Several wild cards have taken center stage and we want you to be aware of them. Why? Because any one of these could dramatically affect the markets, cautions Mary Anne and Pamela Aden, editors of The Aden Forecast.
One important wild card are the developments in Europe. Specifically, we mean the growing risks of more terrorist attacks.
Many experts believe we’re in the early stages of what could be a wave of terrorism and anti-Christian attacks, which will hit Europe and the US. We don’t say any of this to upset you, but we do want you to be informed.
The US election is another wild card. And here too the repercussions could be wide ranging, depending on the outcome.
For the first time in many years, voters are making it known that they’re tired of politicians who say one thing and do another. So they’re opting for change in a big way.
People are angry about the economic imbalances between the haves and the have nots, technology, globalization and the loss of so many jobs.
Average household income, for example, is lower than it was in 2000. That’s an awfully long time to tough it out. So it’s no wonder the working class is frustrated with the status quo.
Then there’s the older crowd and they’re not happy either; interest rates have been near zero for over seven years and that’s been a huge blow to many retirees.
Monetary policy is a wild card too. The Fed and the world’s central bankers have taken unprecedented measures to boost their economies.
This has included lots of QE, and super low, or negative interest rates, but the results have been disappointing.