What Everyone Should Know About the Biggest Financial Con Job in History
July 31, 2019 at 05:00 AM EDT
American investors have never experienced such a profitable run... The bull market in stocks, now in its 11th year, is officially the longest on record. Many shareholders have tripled their money since 2009. This bull market has created more U.S. millionaires than ever before. Households with a net worth exceeding $1 million have increased to 11.8 million in 2018 - that's more than the population of Greece or Portugal... On the surface, the economy is humming, too. The reported U.S. unemployment rate fell to 3.6%, the lowest it's been in 50 years... The median household income is now above where it was in 2007 (and climbing), and U.S. national home prices are holding up well. There's just one BIG problem: More than half of all this new wealth is set to vanish. It could start to happen as early as Labor Day. And this wealth isn't just going to up and disappear on its own. It's essentially going to be taken from the American people via an unholy combination of callous greed, breathtaking stupidity, and outright malicious lies. Yes, this is disaster by design - and there are fingerprints all over it... Tags: market crash To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post What Everyone Should Know About the Biggest Financial Con Job in History appeared first on Money Morning - We Make Investing Profitable .