Richard Russell – I Haven’t Seen Anything Like This In 65 Years Of Dealing With Markets
KingWorldNews.com
May 05, 2015
As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warns he hasn’t seen anything like this in 65 years of dealing with markets? Russell also shares his strategy for surviving the coming chaos.
Richard Russell: “Let’s be honest and say flat out that the world and the US are choking on debt. The only thing worse than unmanageable debt is debt that is compounding. The US debt, which can be measured in the trillions, is compounding at a low rate thanks to the Fed’s ZIRP policy. If the Fed raises rates, the US debt will compound at a higher rate, which will raise the total US debt by hundreds of billions of dollars.
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