Here's the "Smoking Gun" in America's $70 Trillion Collapse

I entered the corridors of Wall Street as a twentysomething greenhorn in the late 1990s. I had a mentor at a big hedge fund on Lexington Avenue, who told me if you can't explain even the most complex markets with "a few graphs and a crayon," then you aren't serving your clients. Most of our clients, many of whom made their fortunes outside of the trading pits, didn't have the time or patience to be impressed by financial "Masters of the Universe"-types spewing out fancy acronyms and bragging about the latest "arbitrage play" in some asset-backed security packaged by a Big Six bank. Instead, clients wanted to see the big picture, the current picture, to better understand the probabilities of the future picture in common-sense clarity. Such blunt speak appeals to instinct and sanity. More importantly, it can mean the difference between keeping and growing your wealth in the worst of times, or losing everything. And because every investor - not just the ultra-high net worth folks - deserves that same respect and that same actionable moneymaking, capital-preserving intelligence, I've gathered up some charts that show "with a few graphs and some crayon," the sheer size and full financial impact of what's about to happen here. Make no mistake: The pros I know from my days managing money on Wall Street know this is coming. You should, as well... Tags: economic data To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's the "Smoking Gun" in America's $70 Trillion Collapse appeared first on Money Morning - We Make Investing Profitable .