Financials Matter

"It's Not Just About Finance"

Here’s Proof of the Greater Fool Theory

Investment insanity is out of control.

And, like it or not, you’re gonna feel the pain soon…follow me on this.

This story is beyond sad…it’s laughable.

Last month, Argentina (with a history of defaulting roughly every 20 years) issued 100-year bonds.

No, that’s not a misprint.

And what’s crazier is the issue was oversubscribed by 3.5X with a net yield of 7.9%.

The hilarious part was the finance ministry hailed the success as evidence that Argentina had regained “credibility and confidence.”

ARE YOU FREEKIN’ KIDDING ME?

Who in the world buys 100-year bonds from a country with a history of defaulting?

And why should you care?

As the saying goes: “Desperate times call for desperate measures.”  And the most desperate buyers out there are the heavily underfunded pension plans in America.

They’re still trying to recover from the 2008 crash and are starving for higher yields.

You’d better hope your pension plan doesn’t own any of these bonds or you’ll feel the pain when they eventually default.

Maybe I’m exaggerating here because the market depends on the GREATER FOOL THEORY.

That’s when someone/thing buys garbage investments with the intention of selling them to a greater fool.  Hopefully, that’s not you or your pension fund.

Bankrupt countries issuing 100-year bonds are the kind of events that signal the bubble in bonds is about to explode.  That means there will be no more greater fools out there buying.

Then, what do you do?

We don’t know the date when things blow up.  But we know what you should be doing NOW to avoid being crushed by these greater fools.

Learn more (HERE).

You’ll thank us later.

James

P.S.  Share this with a friend who has a pension they depend on.  They’ll thank YOU later.

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