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Post election: The Challenges facing the new administration
- 1. The Next 4 Years Tuesday 11/17/20 @ 10:00 PST on FaceBook and YouTube The Baby Boomer Investing Show COVID Debt Crisis Market Bubbles Social Unrest More in Season1, Episode 2
- 2. The Biden-Harris Plans: Season 2, Episode 4 • Raise corporate to 28% (reversing half of Trump cut) • Raise max on those earning more than $400k to 39.6% • Flat % credit on retirement contributions Taxation • Support Renewable: Solar, Wind, etc. • Limit frackingEnergy • $1-3 Trillion • Modernize roads, bridges, power grid, transportation…Infrastructure Health Technology Foreign Affairs • COVID • ACA/Obamacare. Control drug costs • $300 Billion in 5G, Artificial Intelligence, biotech, … • Antitrust investigations of large tech Senate Race expected to be settled in January 2021: 2 run-offs in Georgia • Curtail trade wars, especially China • Strengthen alliances. Placate Iran.
- 3. Americans get good healthcare at a very expensive price Lower quality than Ireland at 225% the price Source: Payden & Rygel (click on image for full report) USA Better & Cheaper than the US
- 4. COVID Debt Crisis Market Bubbles Social Unrest (Taxes, Energy, Infrastructure…)
- 5. COVID The Fed to the rescue
- 6. COVID: Season 1, Episode 11 Protect Therapy Vaccine WealthHealth $6 Trillion New $10 Trillion total June 2021. Gov’t will pay Beware of Mutations, recently more contagious
- 7. Debt Crisis THE WORLD IS BROKE PAPER MONEY IS JUST PAPER
- 8. Debt Crisis: Season 1, Episode 6 Global Debt Exceeds $200,000 per person Social Security & Medicare are Going Broke 2026 2034
- 9. Printing Money: Modern Monetary Theory Treasury Federal Reserve Federal Reserve buys most of Treasury borrowing Inflation follows the money
- 10. Helicopter Money “Rescues” the economy and stock market but… • Wealth concentration • Limited bank lending • Aging population • Technology advances • Abundance (e.g. Energy) • Outsourcing $4 $7 $10 Where & when will the scales tip? $Trillions
- 11. Inflation Defenses Precious metals Cybercurrencies Real Estate Treasury Inflation Protected Securities Commodities
- 12. Stock and Bond Market Bubbles BUBBLES BURST
- 13. Buffet Bubble Barometer -30 20 70 120 170 220 January March November Normal 180% 120% 220% 275% of Normal Season 1 Episode 15 Value of Stock Market / GDP 180% 120% 220% 80%
- 14. Pfizer Vaccine Others too: JP Morgan, US Bank, …
- 16. Top 1% 90-99% 50-90% Bottom 50% % of Population 1 9 40 50 % of Wealth 30 38 30 2 0 10 20 30 40 50 60 % of Population % of Wealth Source: Statista Distribution of Wealth in America Levelers: Taxes, Market Corrections & Socialism Top 1% 90-99% 50-90% Bottom 50% QE Enriches the Rich Bottom 90% Own 32% of Wealth Top 10% Own 68% of Wealth Market corrections of 2000 & 2008
- 17. Bernie is Worth $2 million
- 19. Advice for Baby Boomers OUR (I’M A BOOMER TOO) NUMBER ONE INVESTMENT OBJECTIVE SHOULD BE TO PROTECT OUR LIFETIME OF SAVINGS 60/40 STOCKS/BONDS DOES NOT PROTECT
- 20. The Next 4 Years are Terrifying Rough Road Ahead
- 21. Get help: Support Us <HERE> on Patreon This presentation is available on SlideShare Browse to “Age Sage Robo” for self help & to assess the wisdom of the consulting advice you’ve received. Get your free eBooks on “Bad Gambles” & “4 Pillars of Smart Investing.” Browse to ”GlidePath Wealth Management” for consulting help. Get your free eBooks on “Selecting an Advisor” , “Retiring a Millionaire” and “Lessons from COVID- 19.” Watch our “Baby Boomer Investing Shows” every other Tuesday Fiduciaries visit SMART Funds Contact Ron Surz Ron@PPCA-Inc.com