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Richard Russell – I Haven’t Seen Anything LIke This In 60 Years
from King World News
On the heels of continued volatility in global markets, the Godfather of newsletter writers, Richard Russell, warned that he has never seen anything like what we are currently witnessing in his 60 years of watching the markets. Russell also discussed what people should be doing with their money in key markets, including stocks and gold.
Richard Russell: “When things get this crazy, one has to go by the seat of one’s pants. According to Gene Epstein in this week’s Barron’s, the US jobless rate is not 7.6%, it’s actually 7.9%. Since the 2009 lows, the nation’s Gross National Product has swelled by $1.3 trillion, but the stock market has gained $12 trillion in value.
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