The AAII Chicago Chapter presents...
"The Intersection of Investments and Financial Planning From the Perspective of a CFA, CPA & CFP"
Donald D. Duncan , MBA, CPA CFA, CFP
"If You Want to Know Where the Economy Is Going, Follow the Money"
President, Econtrarian, LLC
The cyclical behavior of an economy is dominated by the behavior of “thin-air” credit: the combined credit created by the central bank and the private banking system. When an asset-price bubble bursts, as happened with technology stocks in 2000 and with real estate in 2008, the result can be a prolonged period during which the private banking system becomes unable to create normal amounts of thin-air credit. This, in turn, results in a weak economic recovery. We’ll explore how thin-air credit creation and quantitative easing by the Federal Reserve will continue to impact the strength of the recovery, both at home and in Japan and China.