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Albert’s guest is Dr. Joseph Salerno, the academic vice president for The Mises Institute.

[youtube https://www.youtube.com/watch?v=uykLJx3GSj0?version=3&rel=0&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent&w=640&h=390]

Interview Highlights

  • Why we should pay attention to Donald Trump
  • We are having a bubble in IPOs and the Fed is responsible
  • The Fed is shielding the incumbent administration from a recession
  • Americans have a 1-year memory on the economy
  • Bush’s decline is indicative of a rising political IQ among American voters
  • There are only two classes in society: tax consumers and real producers
  • The reason the government hates cash
  • All governments and central banks are moving toward negative interest rates
  • But the banks have not passed this on to the depositors
  • People in Sweden are hiding money in microwave ovens
  • The government is removing ATMs

References & Links We Talked About

Sponsor
WB Wealth Management: An independent registered investment adviser

Disclaimer

This program is for informational purposes only and is not an offer or recommendation to buy or sell securities or alternative investments.

Not a substitute for professional financial advice.

Thanks for Listening

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Thanks again to Dr. Salerno for joining us on the show!

About Albert K. Lu

_MG_3141_2_framedWhether you’ve been in the investing game for decades or are just starting to plot out your financial strategy, you’ll find host Albert’s insights and big-picture awareness of breaking news essential to sound investing. Albert gathers big guns at the top of their games around his virtual roundtable for a refreshing talk about financial success and investing acumen. Whether they are professional athletes, economists, restaurateurs, or top doers from another walk of life, guests engage with Albert, who provides the perfect sounding board for an intelligent discussion about entrepreneurship and real-life application of economic principles to current events and market forces.

Albert’s money-management approach focuses on wealth preservation under the umbrella of Austrian economics principles. In addition to The Power & Market Report, he is the host of The Economy, a podcast featuring weekly news and opinion. If you want to learn about the true foundation to sound investing and successful entrepreneurship, Albert’s podcasts are a good place to start.

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