ABC Nightlife – Debts, Hype and the Diversity Case
Last night I became a member of Phil Clark on ABC Nightlife to explore Kenneth Rogoff’s warnings about the threatening American debt pile and the end of the era of ‘free money’, and why investors should remain careful. With debt levels near the Second World War, foreign buyers who show less appetite for American bonds and the tax reductions of Trump in combination with mass loans, the risks of a crisis are increasing.
Add the artificial intelligence (AI) hype and increase in speculative assets such as bitcoin and gold – the investment prospects look increasingly vulnerable. This is perhaps the time to diversify and balance your portfolio, because the liquidity begins to be harvested and the volatility looms up.
Catch the full episode here: Night life financing with Roger Montgomery
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