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Manage episode 211114089 series 1165508
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Our FEATURE today focuses on a startling forecast by an established economist who calls for a major crash in the stock & real estate markets this year. Bauman cites an ex Citigroup banker who blew the whistle in 2007 on the banks over leveraged bets in the toxic debt who now states that it is about to happen again. Historical events, legislation and present market conditions lend credibility to his analysis. Bauman says there will be a hearing in Washington on August 1st to restore sections of the Glass Steagal Act that will again separate banks commercial & investment activities. This explosive market gain in the DOW of over 10,000 points can be attributed to over $5 trillion dollars that has been invested by banks during this 4 year period. Other topics include: "Long Dormant Inflation Heats Up", "Tech Stocks Shine In Rocky Quarter", Oil soars, Yuan crashes vs the US dollar, Deutsche Bank falls from grace, Lake Mead 2' from water crisis, The circle of corruption continues, The Supremes will someday be together again and Harry Reid becomes a Republican hero. "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."

466 episodes available. A new episode about every 0 hours averaging 52 mins duration .