Rick Ackerman - What's Good for Amazon is Good for the Country #3970

Rick Ackerman joined us today for a quick look at the market and the economy. Rick says that the only stock you need to watch is Amazon. It's holdings are vast and its impact upon the New Economy is great. The market could be telling us the stock and therefore the economy are on their way down. He thinks that when it finally comes down it could go from $1400 to $200, when the eventual economic downturn eventually hits. Interest rates have definitely turned negative and will probably become more so in the near future. And watch out for declining state economies and public pension funds. That crisis is coming soon. Very soon. But Rick doesn't see much in the near future for precious metals. But let's see what happens next!