[KinAlberta]

They’ve kept rates so low that there’s not much room for rate cuts to do very much.

Anything by or about Robert Rodriquez (FPA capital) I’ve always considered to be a “Must Read” (nite the links within the articles to his earlier speeches etc)

Bob Rodriguez: “The Fed is Clueless” - Articles - Advisor Perspectives
09/0919

https://www.advisorperspectives.com/...ed-is-clueless

From 2017:

Bob Rodriguez – We are Witnessing the Development of a “Perfect Storm” - Articles - Advisor Perspectives
6/27/17
“ When the markets finally do break, as they always have historically, ETFs and index funds will be destabilizing influences, because fear will enter the marketplace. A higher percentage of assets will be in indexed funds and ETFs. Investors will hit the “sell” button. All you have to ask is two words, “To whom?” To whom do I sell? Index funds and ETFs don’t carry any cash reserves. The active managers have been diminished in size, and most of them aren’t carrying high levels of liquidity for fear of business risk.

We are witnessing the development of a “perfect storm.”



https://www.advisorperspectives.com/...-perfect-storm

Bob Rodriguez Disses Trump’s Tax Cuts, Sees ‘Dark Times’ Ahead
The legendary money manager tells ThinkAdvisor why he dislikes the tax overhaul and what he sees as the biggest threat to the market.

By Jane Wollman Rusoff | January 30, 2018

“... During the past six years, Rodriguez — for 25 years CEO of First Pacific Advisors, from which he retired in December 2016 — has warned of another looming dreadful financial crisis. The man hasn’t changed his tune. In fact, he has moved most of his personal assets out of the market and into other types of investments.

...

“ What’s the greatest threat to the stock market?

It has always been and continues to be excessive leverage. Whether it’s in the consumer sector or the government sector, we’re on a leveraged basis in this country and the same worldwide. Along with that, valuations are only exceeded by those of late 1999 during the tech bubble. How much more can you keep leveraging up the financial system both here and abroad before it’s in trouble?

What do you see happening in the future?

This is a dark time for our economy longer term. Nearly 75% of the U.S. is on cruise control. ...”

https://www.thinkadvisor.com/2018/01...20200202112542