David Scranton, CEO and Founder of “Sound Income Strategies”, and author of, “Return on Principle”, discusses with Kurt Schemers and Don McKelvey on Traders Nation® on how the FED may hold rates steady for now, or even, lower rates this years if they have to.
Additionally, there is a whole generation that has been skunked by two stock market crashes and a busting housing market since the turn of the century – they are saving more and not really spending money to help stimulate the economy.
David takes us step by step on how the government created artificial demand with housing and car leases/loans as the bubbles grew and grew until they burst. And, to make matters worse, after the bursts and constricting lending practices, we’re starting to see lenders losing their criteria once again – will this set the markets up again for bubbles as these sectors have been recovering from the 2008 era?