By Steve Schneider ©Richardcyoung.com
I am truly excited for retired investors and those discerning investors stashing away savings for a comfortable future retirement.
Due 100% to the misguided progressive policies of the Obama administration and the Fed, the U.S. economy had fallen into a two term, easily avoidable, funk.
Obama, with zero practical background of any sort, had put America’s economy into a stranglehold with his python-like program of government regulations, high taxes and income redistribution. And the Fed had given Wall Street nearly a decade of cheap money while starving retirees of a decent return on safe and secure U.S Treasuries.
Now, thanks to the low tax, low regulation policies of President Donald Trump our economy, as the Wall Street Journal outlines here, is booming:
Investors propelled bond yields to multiyear highs Wednesday as robust economic data and an easing of trade tensions across North America sparked fresh optimism about the global growth outlook.
Wednesday’s bond rout sent the yield on the 10-year U.S. Treasury note, a closely watched barometer of investors’ sentiment toward growth and inflation, to its highest level since July 2011. Risky assets rallied, pushing the Dow Jones Industrial Average to a record and crude-oil prices to multiyear highs.
Together, the moves suggested investors are once again growing ebullient about future growth, a shift from the more cautious outlook that many held for much of the year.
Read more here.
