This week on Off The Cuff Michael Gayed, CFA, and I discussed his views on the markets, the economy, and where they are headed.
Michael thinks there’s a “credit event” coming that will shake it all up.
What’s a credit event?
That’s a “Lehman moment” or a string of bank failures that cascade to other institutions weakening or even destroying them.
It’s when someone can’t pay their debts back and that sets off a wide range of downstream and related events.
It might come from China, it might come out of left field, but sooner or later there will be other victims of the Fed’s rate-hiking campaign.
FINANCIAL DISCLAIMER. PEAK PROSPERITY, LLC, AND PEAK FINANCIAL INVESTING ARE NOT ENGAGED IN RENDERING LEGAL, TAX, OR FINANCIAL ADVICE OR SERVICES VIA THIS WEBSITE. NEITHER PEAK PROSPERITY, LLC NOT PEAK FINANCIAL INVESTING ARE FINANCIAL PLANNERS, BROKERS, OR TAX ADVISORS. Their websites are intended only to assist you in your financial education. Your personal financial situation is unique, and any information and advice obtained through this website may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.