Stock Market Could Crash in a Year

The media has been calling it the Trump Bump as the stock market has grown past the 20,000 mark into unprecedented territory following Donald Trump’s inauguration as president of the United States.

The market has not lost strength as tensions with North Korea escalate, but financier Jim Rogers warns that it is all going to come crashing down in the not too distant future, brought on largely because of high levels of debt.  “The federal reserve alone balance sheet is up over 600% and those over eight or nine years.  And the next time we have a problem, and we will, it’s going to be the worst in your lifetime, and in my lifetime,” he says in an interview.  “We’ve had economic problems in the U.S. every 4 to 8 years since the beginning of the Republic.  So to say we’re going to have problems isn’t unusual.  It would be unusual if we didn’t have problems.”

But STA Wealth Management advisor and CEO Michael Smith doesn’t think North Korea will be the cause and has advice for investors. “Geo-political risks are going to be short term, temporary disruptions to the market but usually they rebound pretty quickly.”

The market closed slightly higher last Friday but overall lost % of value last week.

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